Before you invest in Colombia, a comprehensive planning stage is required. Our firm does a Tax and corporate planning to decide the best way to incorporate and do transactions, in order to operate with efficiency and to achieve the real interests of the stakeholders.
Once planning is done, our firm takes care of the incorporation of the elected vehicle(s) in one or more jurisdictions, for you to make wise decisions before you invest in Colombia. Sometimes the planning indicates the necessity to implement different commercial agreements between the companies of the group.
Our firm can help drafting the different contracts, looking always to satisfy the technical requirements of those agreements, in order to achieve the tax and corporate effects desired, before or after you invest in Colombia.
Colombia has a system of currency control based on informing the central bank of any currency movement. These regulations are present, for instance, in operations involved in investing, Import and export, services, and foreign loans. Our firm takes care of the compliance with these regulations, which ensures the avoidance of penalties.
Once this set up phase is completed and after you invest in Colombia, our firm takes care of the corporate and commercial law work associated to the operation of the business.
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Count on us for your next business decision in Colombia. Let us know more about your situation. You will hear from us within the next 24 business hours to arrange for a free consultation.
The protection of cannabis companies financial rights within Colombia’s legal system
Even when the government has fully regulated and legitimated the cannabis industry, unfortunately, financial institutions, and particularly banks, are still coming up with obstacles for cannabis companies to acquire financial services. However, cannabis companies should be well aware that these arbitrary exclusions are averse to the rights contained within Colombia’s legal system and, therefore, they can be taken down in a prevalence of national and international economic interests.
Colombia’s cryptocurrency bill seeks to provide a ground of legal security for the industry
Considering that last year the cryptocurrency market was valued in USD 540 million, it is easy to see why this industry has multiplied its growth in Colombia at an alarming speed. Despite this, until now Colombian institutions have failed to provide legal security for cryptocurrency operators and acquirers.To emend this situation, Congress is discussing a cryptocurrency bill, which also addresses the use of blockchain technology.
Time is running out for registering your cannabis seeds in Colombia
Since the cannabis industry in Colombia is still growing, it is fairly difficult to find stable developed seeds that are suitable for an industrial project. Colombia’s government has addressed that matter by instituting the legal figure of “Fuente Semillera”, which opens up a window for registering seeds before the Colombian Institute of Agriculture, as long as the application is presented before December 31, 2018.