Investment framework and opportunities in Colombia

Procedures Relative to Foreign Investment

Freedom of Establishment: Guaranteed
Acquisition of Holdings: Acquiring a majority interest in the shareholdings of a Colombian company is allowed, except for companies in the petroleum sector.
Obligation to Declare: The agency for the promotion of foreign investment provides information about the authorisations required for setting-up a business.
Competent Organisation For the Declaration: Ministry of Commerce
Requests For Specific Authorisations: Foreign investment in the financial, hydrocarbon and mining sectors is subject to special regimes. Restrictions are applied in sectors such as media, accounting, auditing, data processing, banking, fishing, private security and surveillance, telecommunications and transportation.