Why Invest in Colombia?
Thanks to the overall expansion of the economy in The countries of Latin America and a lessening breach in social inequality, investing in Colombia has become very attractive to international investors over the recent years. To add to this phenomenon of investor confidence, Colombia has improved its public image since it has focused on eliminating its internal conflicts. This has further enhanced the taste of the country as a stable business opportunity and given investors yet another reason to invest in Colombia.
On a global scale, here are some of the reasons why it is worth investing in Colombia sooner than afterward:
-Economic stability: The Colombian economy has maintained an average 4.8% proliferation over the past five years old, likewise GDP growth above the estimated average for The countries of Latin America.
-Investor trust: In 2014, Colombia led from Baa3 to Baa2 on Moody’s rating system which has also been endorsed by Standard& Poor’s and Fitch.
-Investor armor: Harmonizing to Doing Business 2015 issued by the World Bank, Colombia ranked tenth worldwide and the first in Latin America in terms of investor care. The same report acknowledges the country to be the friendliest end in The countries of Latin America to do business in.
-International grocery: Colombia currently has 10 free trade agreements and 3 pending agreements in the making, which demonstrate preferential access to over 45 countries and about 1,500, 000,000 consumers in markets located in the United States, European Union, Brazil, Mexico, Chile and Peru; and soon to be with Costa Rica and Korea, nations with which Colombia is currently negotiating .
-Qualified Workers: Harmonizing to the IMD 2014 rank, Colombia has most skilled workers in all of South America. Colombia outstrips countries such as Brazil, Chile, Peru, Argentina and Venezuela.
-Competitive law arrangements: Colombia is a reference point in Latin America for the reforms it has put for business development. Since 2005, the two countries has implemented 29 reconstructs supported by the Doing Business 2015 book from the World Bank.
So Now, How to Build a Corporation in Colombia?
There are a number of company sorts available to suit every business type and call, but the most popular is an SAS company, which is a” Simplified Stock Corporation “. Establishing this kind of corporation in Colombia is relatively simple, fast and well suited to most business needs. Whereby only one person is needed to register the company, albeit a legal representative must be appointed that is either a Colombian national or an immigrant with an appropriate visa. This type of fellowship earmarks free action, with no money assures or restrictions. Also with an SAS company, shareholders are only liable personally “if there is” proof of fraud, as such “they don’t have” personal liability for corporate acts, including strive quarrels, taxation issues or other litigations that might arise with a firm enterprise.
The complete process to launch an SAS usually takes between two to three weeks( plus a further week to open a company bank account ) but is also dependent on the complexity of the company, the availability of relevant personal the documentation and that of the founding owned. With an SAS, the founder representatives may also be eligible to apply for a visa in Colombia, allows them be left in Colombia whilst their customs are operating, is presumed that they make a sufficient asset aligning to a minimum of 100 go the legal minimum Colombian Salary( as at the time of preparation of, equating to nearly USD $21,000 ). An SAS company in most cases is the best commercial vehicle for business operations in Colombia, offering maximum flexibility, limited personal liability and a channel to secure a visa to stay in Colombia.
If you crave further information about this business type and its process, don’t hesitate to contact us. Our crew is willing to solve all your disbelieves and help you in national constitutions of your business and the setup of your business.
The Biz Latin Hub is a business rule in facilitating both local and foreign companies to successfully do business in The countries of Latin America, by providing a full collection of back office business, in English, Spanish and French. With departments in Colombia, Peru, Mexico, Chile, Argentina, and Panama we have an unparalleled reach across the region and are well positioned to help companies to enter and operate within the Latin American marketplace, through providing multi-lingual works that are Reliable, Economic and Tailored to meet the customer requirement.