Colombia’s Local Minimum Salary (SMMLV) Increase: What You Need to Know
Colombia has approved a historic 23% increase to its minimum salary (SMMLV), triggering significant legal, regulatory, tax, and cost implications for businesses, investors, and foreign residents.
Biggest Changes to Local Employment Laws Are Here!
The Colombian government has recently approved a comprehensive labor reform, introducing significant changes to the country’s employment landscape. This reform will have far-reaching implications for both employers and employees, with several key modifications taking immediate effect. Below, we outline the most critical updates under the new legislation. A more detailed analysis of each change will […]
Filing Personal Taxes in Colombia: A Comprehensive Guide [UPDATED 2024]
This article provides foreigners with a comprehensive summary of the tax filing process in Colombia for individuals. It is intended to provide general information only. You should consult with your own local accountant if you proceed with an actual tax filing.
Have A Resident Visa? You May Be Required To Update Your Visa Stamps This Year
We have prepared this informal Q&A in an effort to answer some of the most common questions regarding new visa obligations for Resident Visa holders.
BANKING CHAOS FACING FOREIGN-OWNED BUSINESSES
Those of you who have followed us on social media this past year know that foreign-owned businesses are currently facing increasing challenges in registering and even maintaining corporate bank accounts throughout Colombia.
FILING TAXES IN COLOMBIA IN 2023? BE PREPARED TO PAY
Learn about the changes in tax requirements for foreigners in Colombia in 2023, including filing tax returns and making tax payments to local authorities. Be prepared to pay your taxes.
Starting a Business in Colombia: Putting It All Together
The focus of this article is to synthesize all the concepts, observations and recommendations outlined in our prior articles into a step-by-step summary of how to start a business in Colombia.
Starting a Business in Colombia: Registering Your Business
Registering a local business entity is not always clear-cut. In our fourth article in our ongoing series “Starting a Business in Colombia,” you will learn all the ins-and-outs when registering a local business entity in Colombia.
Decrease in Working Hours
If you run a business in Colombia get ready for the most significant changes to employment law in decades. In particular, expect a reduction in the number of maximum hours local employees can work, along with significant changes in how to manage employees.
Starting a Business in Colombia: Preliminary Considerations PART 2
Structure your business and learn how to choose a legal representative with these preliminary considerations when starting a business.