Doing Business with Colombia

Exporting to Colombia involves several steps to ensure compliance with regulations. Here’s a detailed guide:

1. Conduct Market Research

   • Identify demand for your product and understand the competitive landscape in Colombia.

2. Verify Product Compliance

   • Ensure your product meets Colombian standards. Check for specific certifications (e.g., INVIMA for health products).

3. Logistics and Customs Clearance

   • Work with a customs broker to manage DIAN requirements and pay necessary duties.

Key Contacts

• DIAN (Customs and Tax Office): DIAN Website
• ProColombia: ProColombia Website

Importing goods into Colombia requires adhering to strictly defined customs procedures and health inspections.

1. Register Your Business

   • Ensure your business is registered with the Colombian Chamber of Commerce and obtain a Tax ID (NIT).

2. Classify Your Goods

   • Use correct Harmonized System (HS) codes for accurate duty and VAT assessment.

3. Verify Regulations

   • Consult ICA for agricultural products or INVIMA for food and pharmaceuticals.

Incorporating a company in Colombia involves legal registration with the local Chamber of Commerce:

1. Choose a Business Structure

   • Decide on the type (e.g., SAS – Simplified Stock Company, or LLC).

2. Open a Bank Account

   • Open a corporate bank account in Colombia to deposit initial capital.

3. Tax and Social Security

   • Register for an NIT with DIAN and enroll employees for social insurance.

Key Contacts

• Confecámaras: Chamber Registry Website

Setting up a manufacturing plant in Colombia provides access to several Free Trade Zones:

1. Identify suitable Industrial Zones

   • Locate industrial zones with necessary infrastructure and proximity to major cities like Bogotá, Medellín, or Cali.

2. Obtain Necessary Permits

   • Apply for construction, environmental, and sector-specific operating licenses.

Protecting intellectual property is managed by the **Superintendence of Industry and Commerce (SIC)**:

1. Trademark Search

   • Check availability through the SIC database to avoid conflicts.

2. Filing and Publication

   • Submit application to SIC. If approved, it is published for public opposition for 30 days. Registration is valid for **10 years**.

Key Contacts

• SIC: SIC Website

Disputes can be settled through Negotiation, Mediation, or the Judicial system:

1. Arbitration & Mediation

   • Consider using the Bogotá Chamber of Commerce for faster, confidential resolution.

2. Litigation

   • File a lawsuit in the relevant Colombian court if ADR methods are not suitable.

Key Contacts

• Bogotá Chamber of Commerce: CCB Website

1. Language and Culture

• The official language is **Spanish**. Building personal relationships and professional trust is vital for business success.

2. Economic Factors

• The currency is the **Colombian Peso (COP)**. Colombia has numerous free trade agreements that enhance global market access.