Making Business

Type of society

• Simplified Share Company
• Corporation
• Limited Liability Company

Regulated exchange market

Transactions

Imports and exports of goods
Foreign indebtedness and related financial costs
Foreign Capital investments in Colombia and related yields
Colombian capital investments abroad and related yields
Financial investments in securities issued  abroad, investments in  assets located abroad and related  yields, unless  the investments is made with foreign currency from transactions that are not required to be channeled through the exchange market
Endorsements and warranty bonds  in foreign currency
Derivative transactions

A six month mandatory deposit is established for the following foreign exchange operations, among others, : 1. Export financing, 2. Portfolio investments and 3. Foreign indebtedness. The current rate of this deposit is 0%.

Special foreign exchange regimes

Financial Sector:  the investment transaction involves the acquisition of 10% or more of the related equity interests ownership or where any investors who has more than 10% of the equity interest wants to increase its holdings by  and additional 5% or more.
Hydrocarbons and mining sector:  branches devoted to the activities mentioned are entitled to keep abroad  any foreign  currency  received from the exportation of oil or any of the aforementioned minerals or from the provision of services related  to the hydrocarbons industry.

Colombian tax system

Corporate Income tax

• Corporate Income Tax rate : the general corporate income tax rate is 33%
• Exempt income:  there are eight activities that are income exempt
• Equity tax 

For more information about doing business in colombia please contact us:  This e-mail address is being protected from spambots. You need JavaScript enabled to view it.