Colombia- Business News and Updates


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

Executive Director ACI Medellín Discusses Foreign Investment in Colombia’s Tech Hub

Executive Director ACI Medellín Discusses Foreign Investment in Colombia’s Tech Hub

Biz Latin Hub's headquarters in Bogotá engaged with ACI Medellín, an agency working in Colombia's technological innovation hotspot to promote Medellín foreign investment activity. Medellín is a vibrant city located in the department of Antioquia, Colombia. ACI Medellín's Executive Director, Catalina Restrepo Carvajal, shares insights on Medellín foreign investment and its position as a leading hub for innovation in Latin America. ACI Medellín's Executive Director, Catalina Restrepo Carvajal,...

Overview: Doing Business in Colombia with the Orange Economy

Overview: Doing Business in Colombia with the Orange Economy

Colombia’s national persona can be characterized by its artistry, rich culture, and its creativity. The ideologies of expression and imagination are perhaps a semblance to the country’s vibrant and dynamic landscape. The ‘orange economy’ was born out of recognition of Colombia’s natural creative ability.   The orange economy is an economic movement currently worth USD$10.8 billion to Colombia’s economy (roughly 3.5% of national GDP). To contextualize its significance, it’s worth noting that...

Colombia Tax and Immigration Cooperation: What Does this Mean for Business?

Colombia Tax and Immigration Cooperation: What Does this Mean for Business?

On 2 May 2019, the Colombian Tax Authority (DIAN) and the Colombian Immigration Office (Migración Colombia) published a press release informing that they had signed an inter-institutional cooperation agreement. The main purpose of this agreement is to allow the agencies to provide information between themselves in order to prevent tax evasion, money laundering and increase immigration control.    We explore what this agreement means for businesses operating in the country, and those...

New Commercial Potential in Pacific Alliance-EU Cooperation

New Commercial Potential in Pacific Alliance-EU Cooperation

Latin America is a region highly dependent on multilateral trade agreements. To the east, there’s Europe, to the west – Asia, and to the North – North America. Latin America is ideally placed between the three largest consumer markets in the world.  With the use of regional trade agreements, every country in the region can take advantage of their collective strategic geographic location. Influential Latin American trade groups include Mercosur, ALADI, Trans-Pacific Partnership, Union of South...

How to Set Up an NGO in Colombia

How to Set Up an NGO in Colombia

Colombia is a nation with a long and colourful history that is working its way towards greater stabilization. In recent years, the country has made swift and effective moves in reducing social unrest, economic inequality, and injustice. It's now one of the strongest-performing economies in the region, building a number of initiatives to attract investment from diverse sources. Incorporating a Non-Government Organization (NGO) in Colombia is part of the spectrum of investments that has great...

Colombian Oil and Gas Companies Amidst the Tech Revolution: Part 3

Colombian Oil and Gas Companies Amidst the Tech Revolution: Part 3

The Colombian oil and gas sector is undergoing a period of technological change, alongside other key revenue-generating sectors in Colombia. After exploring the government’s commitment to Colombia’s modernization through its National Development Plan (PND), and briefly introducing the PND’s intersecting pacts that could have a technological impact in the oil and gas industry in Colombia, it is vital to put theory into practice. We break down the essential elements of these intersecting pacts...

BritCham Colombia’s Michael Phillips Talks Business for Brits in Colombia

BritCham Colombia’s Michael Phillips Talks Business for Brits in Colombia

Colombia is fast becoming an economy to watch in Latin America, for its booming commercial climate and regulatory benefits designed to draw in new investment and business. Additionally, its proactive approach to forming new trade relations with the rest of the world is increasing the country's attractiveness to companies looking to expand into Latin America. We got in touch with our British Chamber of Commerce here in Colombia to talk to their Subdirector, Michael Phillips about British...

Colombian Oil and Gas Companies Amidst the Tech Revolution: Part 2

Colombian Oil and Gas Companies Amidst the Tech Revolution: Part 2

Fundamental industries in the world’s economies are undergoing a revolution founded mainly on science, technology, and innovation (STI), and information and communication technologies (ICT).   Companies are a part of this revolution, continually exploring new ways to gain value by reducing costs, optimizing, and becoming more efficient. Governments’ and private firms’ growth strategies now include investment in new digital technologies leading to innovative business models. But what about...

Colombian Oil and Gas Companies Amidst the Tech Revolution: Part 1

Colombian Oil and Gas Companies Amidst the Tech Revolution: Part 1

The ongoing tech revolution has caused explosive, significant disruptions in traditional, fundamental sectors to national economies worldwide, and is showing no sign of slowing down. With its velocity, it impacts almost every industry on the planet, including oil and gas. At such a speed, it is almost impossible to understand all the effects, benefits and challenges that this industry revolution has had, and will continue to have on human capability, society, work opportunities, and the...

5 Tips for Building a Successful Cannabis Business in Colombia

5 Tips for Building a Successful Cannabis Business in Colombia

Over the last two years, Colombia has provided a hub for cannabis businesses of all shapes and sizes and from all over the world. Since the law reform in 2017, Colombia has granted 338 licenses and, in doing so, has brought over 120 businesses to its shores. Colombia has attracted cannabis businesses for a number of reasons. Not only does it have favorable laws, but cheap production costs, a skilled agriculture sector and an advantageous climate, make Colombia an optimal environment for...

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