Colombia- Business News and Updates


Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Q&A with experts, and more.

Legal Requirements to Start a Business in Colombia

Legal Requirements to Start a Business in Colombia

Colombia has one of the most agile legal systems in South America when it comes to starting a business. With an emphatic government agenda to encourage foreign investors and entrepreneurs into the country, institutional support to start a business in Colombia is strong. Being within the top three of the index of ease of doing business in Latin America in international rankings, the effort of the Colombian government to encourage foreign investment to boost the economy has yielded positive...

Meet the Team: Andrés Vargas, Senior Corporate Lawyer in Colombia

Meet the Team: Andrés Vargas, Senior Corporate Lawyer in Colombia

Andrés Vargas works as Biz Latin Hub's Senior Corporate Lawyer in Colombia. Andrés is one of the longest-serving members of Biz Latin Hub, having been a part of our team for 5 years now. During his time as the Head of the corporate law team in Colombia, Andrés has been influential in supporting clients from a variety of countries and sectors achieve their business objectives in Colombia. Andrés joined Biz Latin Hub shortly after the launch of the company in 2014 in Bogotá. As the Senior...

Economic Growth Law: Tax Discounts for Business in Colombia

Economic Growth Law: Tax Discounts for Business in Colombia

On 27 December 2019, Colombian President Ivan Duque signed the country’s new Economic Growth Law, called ‘Ley de Crecimiento Económico’, a stimulus package aimed to support business and low income households. The law introduces new tax discounts for businesses in Colombia, among other reduced taxes and contributions for households. Colombia is one of the most promising countries in Latin America for foreign investors and entrepreneurs, and offers stable legal frameworks for businesses. Despite...

Prepay Technology Boosts Retail in Colombia

Prepay Technology Boosts Retail in Colombia

The impact of prepay technologies on retail in Colombia is becoming stronger as the government works to promote digital procedures, and the millennial population gains more purchasing power.  Technologies that facilitate online payment for businesses and consumers play an important role in e-commerce adoption and creates an optimal environment for commercial activities. Learn how the government is working to promote digitalization and find about the main players in online retail in Colombia....

Opportunities for Researchers With a Cannabis License in Colombia

Opportunities for Researchers With a Cannabis License in Colombia

The nascent medical cannabis industry in Colombia opens new paths in terms of economic development and business opportunity. Various government, business and research needs regarding its ‘scientific use’ offer a range of commercial opportunities for those with a cannabis license in Colombia. Research-based businesses can gain a commercial advantage in Colombia’s cannabis industry by obtaining a license and offering business-to-business (B2B) scientific research services. Development of legal...

Biz Latin Hub Celebrates 5 Years of Doing Business in Latin America

Biz Latin Hub Celebrates 5 Years of Doing Business in Latin America

Biz Latin Hub expansion in Latin America marks its fifth year. This year, Biz Latin Hub celebrated its fifth birthday, marking 5 successful years of empowering foreign companies interested in doing business in Latin America. “In our fifth year, we’ve achieved a number of positive milestones,” says David Wright, Chairman of Biz Latin Hub. “Notably, we’ve taken our first steps to expand globally by offering our services in Australia and New Zealand. We’ve also expanded to Uruguay and most...

How to Hire a Sales Executive in Colombia

How to Hire a Sales Executive in Colombia

When starting a business as a foreigner, it is important to partner with an experienced sales executive to offer your products to potential clients. It is beneficial to hire a sales executive in Colombia who has knowledge of the local market and culture. The hiring process in Colombia can be smooth if the business owner has the appropriate guidance to comply with labor legislation and statutory laws.  In this article, we outline the two pathways to hire a sales executive in Colombia. ...

7 Tips for US Companies Doing Business in Colombia

7 Tips for US Companies Doing Business in Colombia

Colombia is making headlines as an emerging economic power in Latin America, though the extent of its potential is underplayed in the United States. As the third largest economy in Latin America, Colombia is poised for drastic modernization and technological innovation. The country’s developing business environment offers valuable opportunities for US companies looking to do business in Colombia into the foreseeable future. Infrastructure improvements are developing the major cities in...

The Importance of an Entity Health Check in Latin America

The Importance of an Entity Health Check in Latin America

Historically, Latin America has always been known for its exhaustive and rigorous corporate compliance systems which can vary by country, and prove challenging for foreign investors to understand. Countries such as Brazil and Argentina register high on global tables when it comes to complexity of doing business, with other nations in the region not far behind.  When expanding into Latin America, it’s important to understand local compliance requirements, and the overall condition of any...

Opportunities for Exporting your Cannabis Oil Products in LATAM

Opportunities for Exporting your Cannabis Oil Products in LATAM

Latin America has taken a firm grasp of the global cannabis industry. This year Colombia is set to produce 40.5 tons of the medical cannabis plant, which is 44% of the global quota allowed by the International Narcotics Control Board (INCB).  An increasingly lucrative area of cannabis production is manufacturing derivatives from the plant. All parts of the plant can be used from the root, through to the stem, right up to the flowers and the seeds. Cannabis oils are a recently popular product...

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