Colombia is considered a stable economy, largely due to several legislative reforms to promote legal security and provide tax incentives for foreign investment. Oil and mining industries continue to be the main focus for attracting foreign investment, followed by energy, financial services and professional services. Recent years have seen an abundance of incentives around renewable energy or the digital industries.
As a member of APPRIs, MIGA, OPIC and ICSID, Colombia has extensive regulations to protect foreign investors. It also has agreements to avoid double taxation with several countries, and tax benefits to encourage investment in ‘priority’ industries. Taxation in Colombia is tricky, however, and local expertise will be required.
AUXADI can become your ideal investment partner in Colombia. From our office, located in Bogotá, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.