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.
Most retirees coming to Colombia apply for a Pensionado Visa, a category of its Migrant M-Type Visas. The income requirement for 2023 is around US$700 a month.
Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.
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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.
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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:
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.
There are specific benefits offered to individual sectors within Colombia. These benefits among other things include reductions of income taxation.
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:
Investors who pay income tax in Colombia can also benefit by helping develop the science and technology industries.
Investments, both direct and indirect, in qualified projects are able to deduct 175% of their investment from their net income, up to 40% of taxable income.
There are many great opportunities to invest in Colombia, you just have to find which one works for you.
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Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.
We Value Your Privacy! We will not share your email address with anyone else, period.
At the start of 2023 Colombia’s internet penetration rate stood at 75.7% of the total population. Also, the country reached more than 41 million mobile accesses to internet by the end of the second quarter of 2023.
Plus, internet access in urban parts of Colombia is swift and reliable.
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