You may enter into a contract where the applicable law is that of your country. However, applicable law and applicable jurisdiction may be varied by colombian law, according to some limitations prescribed by our legal system. Therefore, doing business in Colombia and drafting contracts with colombian parties has to take into consideration the potential effects and interpretation of those agreements in a colombian court.
Our assistance includes negotiation of contractual terms, and counseling of the best way to enter into the business venture, from the tax and commercial point of view.
Once the type of agreement for doing business in Colombia is chosen, we help in implementing the agreement between the parties and, once this set up phase is completed, our firm takes care of the corporate and commercial law work associated to the operation of the business.
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How can a “Company Specialized in Electronic Deposits and Payments” allow you to operate a virtual wallet in Colombia?
Colombia's goverment conceived "Companies Specialized in Electronic Deposits and Payments" in an attempt to create legal mechanisms that would allow the FinTech industry to grow, while simultaneously being safe and efficient enough for all the parties involved. Currently, this is the fitter legal figure for operating virtual wallets in Colombia.
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.
The key aspect to commercialise cannabis derived products
As commercializing is one of the key stages in every productive project, being well aware of Colombia’s government imperatives is crucial in order to achieve the projected economic returns, and cannabis projects are no exception. Hence, one of the fundamental steps to follow is obtaining the sanitary register for the cannabis derived products to be marketed.