This section includes information on hotels, government offices and other listings, alongside useful tips for visitors on topics like currency, visas, language, communications, dress code, business hours and electricity.…
In conjunction with EY Colombia, this chapter explores the taxation system and Colombia’s efforts to build an investor-friendly environment. It also contains an interview with Jaime Vargas, Tax Managing Partner and International Tax Services Leader, EY Colombia.…
Colombia’s education sector has a number of hurdles to overcome before it can reach its objective to permanently boost outcomes. First and foremost, the government’s obligation to provide extra funding for the sector will need to remain sustained and highly targeted, to increase participation rates and close the divide between rural and urban areas. In addition, it is important for higher education…
In recent decades Colombia’s health sector has gone through substantial changes and improvements, shifting from being underdeveloped to one of the highest ranked in the region. The sector continues to struggle with structural issues related to liquidity. However, the government is hoping that a boost in general health spending and a targeted infusion of financing will help alleviate some of the financial…
Over the past decade and a half the long-kept secret of Colombia’s cultural heritage and natural beauty has spread throughout the international tourism circuit. While recent years have been challenging for Colombia’s exporting sectors, tourism has been a consistent contributor to the economy and a catalyst for development in not only large cities, but also in areas formerly controlled by FARC.…
Colombia’s geographic and climatic advantages, alongside its numerous developments, place it in good stead to become a more prominent regional and global player in food production. Efforts to boost financial capacity, especially of small-scale producers, should lead to greater productivity and higher margins for stakeholders along the value chain. Further prioritisation of agro-industry is a key…
Industry got off to a strong start in 2019, as domestic consumption and exports rebounded. The national government’s policies to expand successful programmes and do away with under-performing ones, together with a focus on improving productivity and leveraging collaboration between the country’s regions, should help to strengthen industrial capacity. However, while efforts to modernise and reduce…
As the economy made a recovery in late 2018 it is likely that construction will soon follow suit, with initial estimates for the first quarter of 2019 already showing signs of improvement. Social housing and infrastructure will likely receive the most attention from investors, with both segments addressing crucial deficits in the country. Likewise, the advent of new vehicles to channel private sector…
Notable progress has been made in expanding the country’s road system, and increasing port and air transport capacity. Furthermore, new projects are set to increase the transit of goods along Colombia’s railways and rivers. Rising investment in these segments has boosted the competitiveness of the country and contributed to growth. Nevertheless, Colombia faces high logistics costs and ongoing…
With broad political support and efforts to improve the licensing process, the mining industry looks set to experience a rebound in 2019. While investments in coal production are unlikely to increase substantially in the coming years, segments such as gold, copper, nickel, emeralds, and other metallic and non-metallic minerals will provide attractive targets for investment. Government efforts to…
