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Health Care In Colombia

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​Learn more about ​​​​​COLOMBIA​ ​​​and other countries in our free, daily Overseas Opportunity Letter​​​​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​​Colombia: The World’s Next Top Retirement & Investment Haven
 

Health Care In Colombia

Colombia is quickly becoming one of the best investment markets in Latin America.

In 2011, S&P, Moody’s, and Fitch all awarded Colombia with an investment-grade rating, giving would-be investors even more reason to take advantage of the opportunities here. The World Bank’s 2015 “Doing Business Report” has Colombia ranked as Latin America’s most business-friendly country. The Colombian government has made it an important initiative to bring in foreign investment. Colombia is a solid, stable, economic success story. The country enjoys a solid industrial base, abundant energy, and strong economic growth. For investors looking at real estate in Colombia, Medellin has a very attractive property market. Bogota and Cartegena also offer profitable prospects for rental income.

Under the free trade agreement, Colombia has established itself as a major contributor in the world’s commodity markets. Colombia’s exports of coal, oil, and coffee have drawn investments from foreigners looking to ride these strong markets. There are also big opportunities by investing in Colombia’s agricultural industry, in particular timber.

There are fiduciary institutions that serve as foreign exchange intermediaries, processing funds into and out of Colombia, and also as a broker on the stock exchange, much like a U.S. brokerage house. In addition, like many U.S. brokerages, they offer a number of their own financial products.

Investment Incentives in Colombia

The government, creating an accommodating climate for doing business, incentivizes investment in Colombia. There are specific zones and sectors which the government is looking to develop and entrepreneurs are taking notice.

Colombian Free Trade Zones

The Free Trade Zones (FTZ) of Colombia offer a competitive environment for investment in production and services. There are certain benefits, which help to attract competition:

  • No customs tax (VAT and customs duties) on international raw materials imported into the FTZ
  • Exemptions on the value-added tax for goods and materials sold from customs territory to FTZ
  • Colombia’s foreign trade agreements apply on international exports from FTZ
  • Potential for partial processing outside FTZ for 9 months
  • Potential to sell goods and services to the national territory without quotas or restrictions (there may be duties on imported goods)

The single income tax rate is 15% within the FTZ, as well as the Equity Income Tax (CREE) and surcharge.

Both Permanent Free Trade Zones and Single Enterprise Free Trade Zones benefit from these regulations.

Benefits by Sector

There are specific benefits offered to individual sectors within Colombia.  These benefits among other things include reductions of income taxation.

  • Rather than the general 25%, companies would be taxed 0%
  • CREE tax of 9%
  • CREE surcharge of 9%

Reforestation projects of acacia and eucalyptus trees are one of the projects where the Colombian government specifically offers cash and tax incentives. The following sectors receive these specific benefits:

  • Ecotourism
    • (2003 forward) – Benefits for 20 yrs.
  • Forestry
    • New plantations, sawmills
  • Publishing
    • Publishers of books, brochures, magazines (through end of 2033)

Get Your​ Free Colombia Report Today!
 

​Learn more about ​​​​​COLOMBIA​ ​​​and other countries in our free, daily Overseas Opportunity Letter​​​​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​​Colombia: The World’s Next Top Retirement & Investment Haven