Colombia Adopts New Conditions for Promoting Investment Projects

Colombia has taken a step to stimulate the economy. This step is necessary to accelerate economic growth during the economic crisis. In particular, a new investment regime has been adopted for investors who wish to invest in major investment projects. The investors will receive a whole range of tax benefits and exemptions.

Now, the investors can be exempted from dividend tax, property tax and can also rely upon accelerated depreciation for the next two years. This special tax regime can also be applied by the investors who invest 30 million units of tax value in production or commerce. For investments in the aviation industry, the tax regime can be applied to the investors who will invest 2 million units of tax value.

In addition, the company in which the funds are invested must create at least 400 jobs (250 are enough for the technical sector or e-commerce). The investor may invest funds and open new jobs over the next 5 years. All necessary contracts must be signed no later than January 1, 2024.

Law & Trust law firm offers legal services to the clients who work or plan to work in Colombia. Our lawyers will tell you in detail how to use the special investment regime and help to prepare the necessary documents.