www.doingbusinessincolombia.com EMAIL info@doingbusinessincolombia.com TEL +57-305-461-9162 The condition for declaring income from national sources is to belong to one of the following categories when doing business in Colombia: Foreign legal entities and entities with a permanent establishment or branch in the country. Individuals, national or foreign, with or without residence in.
www.doingbusinessincolombia.com EMAIL info@doingbusinessincolombia.com TEL +57-305-461-9162 Our clients when they are doing business in Colombia have been requested by Colombian banks to file a form for FATCA. This word stands for Foreign Account Tax Compliance Act. Its main purpose is to control the tax evasion of US residents who have investments.
www.doingbusinessincolombia.com EMAIL info@doingbusinessincolombia.com TEL +57-305-461-9162 One of the most common questions we receive on our office is what is and how much time is needed to obtain Colombia tax residence when doing business in Colombia. For doing business in Colombia, The Colombia Tax residence refers to the place or territory.
www.doingbusinessincolombia.com EMAIL info@doingbusinessincolombia.com TEL +57-305-461-9162 Colombia, a diverse and vibrant country in South America, has witnessed significant growth and development in recent years. With its improving economy, many businesses worldwide are considering hiring Colombian workers to tap into their skills and contribute to their ventures. However, before diving into recruitment,.
www.doingbusinessincolombia.com EMAIL info@doingbusinessincolombia.com TEL +57-305-461-9162 The social security system in Colombia is composed of pension, health and labor risks subsystems, family fund, and other supplementary services defined by Colombian legislation. Enrollment is mandatory for all dependent and independent workers. Health: The Social Security System in Colombia aims to regulate essential.
www.doingbusinessincolombia.com EMAIL info@doingbusinessincolombia.com TEL +57-305-461-9162 If you are a US citizen interested in doing business in Colombia, in order to be considered resident for Colombia tax purposes , you need to meet any of the following conditions: Stay continuously or intermittently in the country for more than 183 days. Be.
www.doingbusinessincolombia.com EMAIL info@doingbusinessincolombia.com TEL +57-305-461-9162 The penalty for not reporting THE FATCA information ends up being a prohibition to do business between Colombia and US. Therefore, its application ensures good terms with the US government and the possibility of continuing to conduct transactions and other negotiations with Colombia. In other.
www.doingbusinessincolombia.com EMAIL info@doingbusinessincolombia.com TEL +57-305-461-9162 The following are considered when doing business in Colombia foreign source income: Credits obtained abroad. Income derived from technical services of repair and maintenance of equipment provided abroad. Income obtained from the sale of foreign goods owned by foreign companies or individuals without residence.
www.doingbusinessincolombia.com EMAIL info@doingbusinessincolombia.com TEL +57-305-461-9162 For doing business in Colombia, according to Article 10 of the Colombian Commercial Code, «merchants ( businessman) are individuals who professionally engage in any of the activities that the law considers commercial. The status of Colombian merchant ( Colombian Businessman) is acquired even if the.
www.doingbusinessincolombia.com EMAIL info@doingbusinessincolombia.com TEL +57-305-461-9162 Most of our US clients believe they can do business without a corporation. We tell them that it is fine, but they get exposed to lawsuits and labor situations with their own personal assets. That’s why we recommend creating a Colombia corporation when doing business.
Never Miss News