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List of incentives available in this location for quick easy reference below.

Incentives

Table key

• Incentive offered
• Incentive not offered
• Did not submit information

Cash grants/incentivesMore [+]Less [-]
Funding offered for irrigation infrastructure and drainage systems, covering up to 80% of its direct costs. Funding for new investments aimed at improving the competitiveness and sustainability of agricultural projects and reducing its funding risks in the long term, through the capital remittance of loans (where 40% of cost of the project is remitted for small producers and 20% of cost of the project is remitted for medium and large producers).
Tax exemptionsMore [+]Less [-]
Free Trade Zones (FTZ): 15% Income Tax Tariff (the general tariff is 33%). Free Trade Zones (FTZ): No VAT or Tariff on merchandise imported, sold to or exported from FTZ. Income tax deductions which can be applied by foreign investors: 30% of the amount invested in tangible productive fixed assets acquired. Income tax deductions which can be applied by foreign investors: 125% of the amount invested in scientific and technology developments and professional training programs. Sectors, goods or services are exempt from Income Tax: The sale of electric energy generated from wind, biomass, or agricultural waste. Hotel services offered in built or remodeled hotels, and ecotourism services. Sectors, goods or services are exempt from Sales Tax: Ordinary importations (by highly exporting users) of industrial equipment and temporary import of heavy machinery and equipment for basic industries, not produced in Colombia. Equipment destined for environmental monitoring and control systems.
Property assistance / other fiscal incentiveMore [+]Less [-]
Proexport, the national foreign investment agency has a variety of national and regional strategic contacts, including real state agencies that offer information that is given to the foreign investors. As a complementary service, Proexport delegates commercial advisors, with the expertise in the sector of investment, to help with site selection and to make individual agendas for the investors so they can have the opportunity to visit property and infrastructure in Colombia. Foreign investors can benefit of property assistance of the regional investment agencies such as Pro-Barranquilla, Invest in Bogot¡ and ACI de Medellin.
Training and labor market assistanceMore [+]Less [-]
The National Education System for Learning, SENA, offers for national and foreign companies, national and regional training for all workers of all levels. Ministry of Education has a program for labour market assistance for national and foreign companies in technical and technological education.
Loan guarantees, cheap loans or financeMore [+]Less [-]
Public entities such as BANCOLDEX, FINDETER, FINAGRO and the Ministry of Trade, Industry and Tourism can co-finance a wide range of operations. Most of these public mechanisms of financing offer cheaper loans to companies than the regular financial system and they can finance up to 80% of the project preoperative costs and in some cases restructure debt, among others. Since 2007, Colombia has seen the number of private equity funds increase, which can also finance ongoing projects under specific conditions. Pension funds are also allowed to invest some of their portfolio in new companies and existing companies. All of the abovementioned sums up to a wide offer of finance opportunities in the country.
Exemptions from regulationsMore [+]Less [-]
Companies which render services are exempt of the obligation to reintegrate their payment for the services rendered abroad. Nevertheless, they have to make sure that they do reintegrate enough money to cover their operational costs. In Colombia there are no foreign exchange restrictions, foreigners and nationals can purchase and sell foreign currency freely.
Target sectorsMore [+]Less [-]
Oil & Mining Manufactures Financial Services
Sectors specific incentivesMore [+]Less [-]
With respect to manufacturing, Colombia implements Free Trade Zones, wherein the income tax for manufacturing concerns is reduced by more than half, from 33 to 15%, and import taxes are eliminated. Colombia’s financial sector is held up by a solid economy and a careful government oversight, coupled with an ample and available, technically and academically qualified work force.

Sponsorship

If you are the authorised promotions agency for Colombia and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.