{"id":2153,"date":"2022-06-15T13:16:00","date_gmt":"2022-06-15T13:16:00","guid":{"rendered":"https:\/\/nexo.legal\/?p=2153"},"modified":"2025-07-15T17:31:23","modified_gmt":"2025-07-15T22:31:23","slug":"doing-business-in-colombia","status":"publish","type":"post","link":"https:\/\/nexo.legal\/es\/doing-business-in-colombia\/","title":{"rendered":"HACER NEGOCIOS EN COLOMBIA"},"content":{"rendered":"\t\t
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WHY YOU SHOULD CONSIDER DOING BUSINESS IN COLOMBIA <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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There’s no doubt that business opportunities in Colombia are highly encouraging by the date and when considering doing business in Colombia, the country’s fast-paced growing economy is one of the most attractive reasons.<\/span><\/p>

The Colombian economy grew <\/span>7,5% in 2022, being <\/span>c<\/span>onsiderably higher than that of its Latin American peers and more than doubled the world\u2019s growth average.\u00a0<\/span><\/p>

Experiencing an economic boom in the past few years because of its abundant natural resources, growth in technology, construction, mining, shipbuilding and tourism.\u00a0<\/span><\/p>

As to Colombia’s business environment, there is definitely a huge market for every interest and a lot to explore.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\tThe most fast-growing areas in Colombia in recent years are entertainment, arts and recreational activities <\/b>\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Colombian consumers tend to have middle-class consumption habits, they are influenced by fashion trends, brands and promotions, but there is also a strong influence of traditions on consumption habits, including the new trend of healthy habits as well.\u00a0\u00a0<\/span><\/p>

Healthy and ethnic food categories are especially fast-growing, and organic food products are a new trend, as Colombian consumers are more concerned about ecological issues, this, without mentioning the vast arrival of foreigners to the country, making it even more diverse, interest wise.\u00a0<\/span><\/p>

So, while reading this there’s a huge chance some kind of great business idea sparked up in your mind, there’s no doubt that business opportunities and panorama in Colombia are highly encouraging.\u00a0\u00a0<\/span><\/p>

The next step then, comes with all of the questions and procedures for actually doing business in Colombia.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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How to legally do business in Colombia<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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First things first, you must know that starting a business in Colombia requires certain steps, just like anywhere else.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Can a foreigner start a business in Colombia?<\/strong><\/em><\/h3>

For starters, you need to be able to identify, either by yourself or with a legal advisor by your side, which is your specific goal and migrant situation inside Colombia in order to start your own business.\u00a0<\/span><\/p>

\u201cYou need to keep in mind that depending on your specific case, you may be able to apply for a Colombian visa in order to legally do business in the country\u201d<\/b><\/p>

For example, if you are a short term visitor aspiring to start a business in Colombia but not actually live in the country, your status might be resolved by applying for a V – Business Colombian Visa.\u00a0<\/span><\/p>

The V- Business Colombian Visa allows individuals who work for foreign corporations to visit the country with working purposes, although it does not allow mentioned individuals to invest in Colombia.\u00a0<\/span><\/p>

To correctly apply for a Colombian V – Business visa, a legal representative of the foreign corporation will be required to present some information such as the applicant’s position held in the business and the entrepreneurial activities to be developed in Colombia for the duration of the visa.<\/span>\u00a0<\/span><\/p>

Nevertheless, remember this is more of a short term visa and not actually meant for making investments.<\/span><\/p>

The other side of the coin is, when you move to Colombia or want to move to Colombia and actually start your own business once here.\u00a0<\/span><\/p>

For this case, you have some Migrant visa options which we have discussed previously in our Visas article of this blog, and allows you to <\/span>enter or remain in the country with intentions of establishing.\u00a0<\/span><\/p>

The first one, is a M-Business\/shareholder Visa. <\/span>To be eligible for the Colombian Migrant Business Visa you must invest 100 times the minimum salary into your company, that is $116\u2019000.000 COP for 2023, this amount has to already be invested in participation or shares in the company and can last up to 5 years.<\/span><\/p>

The second option is the M-Independent professional Visa, ideal for freelancers who prove an average income of at least ten (5) current legal monthly minimum wages. In this case, that is $5\u2019800.000 COP for 2023.\u00a0<\/span><\/p>

Finally, there\u2019s the option of the<\/span> M- Investor visa. For which you must show an investment<\/span> in a property equivalent to 350 minimum wages (406,000,000 COP or 91,300 USD approximately by the current date).\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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How do you incorporate your business in Colombia?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Step-by-step\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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The steps to follow: <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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There’s no doubt that Colombia has walked a long way into implementing new economic policies which became highly beneficial for foreign investors in the past few years.\u00a0\u00a0<\/span><\/p>

The optimal conditions Colombia offers now to companies and business became an attractive item when thinking business-wise, and to put it into simpler words, here we offer you a list of steps to follow for you to get familiarized with the process of setting up your own business in Colombia.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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