Considering that Colombia is a growing economy, Abusaid Gomez & Asociados provides an optimal legal support during all the phases that make up the investment of foreign capital in national businesses. From the orientation regarding the most suitable means to perfect the investment, going through the legal situation of the investor in Colombia, to the treatment of the return of his investment, carefully studying the exchange and tax aspects of each one of the stages.
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.
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.
Incentives for investing in hydrocarbons and mining in Colombia
On December 29, 2016, the Ministry of Mines and Energy enacted law 1819 which contains the most recent structural tax reform in Colombia. This law includes article 365 on the Incentive for Investments in Hydrocarbons and Mining.
WE ARE READY
TO ASSIST YOU
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.