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.
Fintech Companies in Colombia: an investment opportunity with potential growth
Fintech is a word that comes from finance and technology and it has become a term for naming companies that offer financial products and services through information and communication technologies, such as websites, social networks and mobile applications.
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New regulations on procedures, requirements, categories and investment necessities for Visas in Colombia
The Colombian Government issued Resolution 6045 on August 2nd, 2017 which reduces the categories and subcategories of visas for foreigners in Colombia. Foreign Direct Investment is included in the new stablished categories. It is important to keep in mind the main general characteristics for all the visas:
Comparison between Colombian and Latin-American Free Trade Zones
Colombia is the first country with more free trade zones in South America. This industry is established in 60 municipalities, a total of 19 departments throughout the country, generating more than 40,000 direct jobs and close to 90,000 indirect ones.
Colombia’s flexible Legal Frame in Duty Free Zones operations
Colombia is categorized by the ANDI (National Association of Colombian Businessmen) as the country with most free trade zones in south America, 28 permanent free zones and 62 special permanent free zones, with a total of 100 free trade zones (FTZ) functioning throughout the country. During 2016, it was estimated that 817 companies operate in FTZ.