Bogota Foreign Investment Guide

08. Financial Regime

What is inside?

Preliminary stage

  1. Migratory Regime
  2. International Investment Agreements & Trade Treaties
  3. Foreign Investment Incentives
  4. Foreign Investment & Currency Exchange Regime
  5. Business Creation
  6. Tax Regime
  7. Intellectual Property

Investment stage

  1. Financial Regime
  2. Labor System
  3. Real Estate Acquisition and Leasing
  4. Customs Regime and Free Trade Treaties

On operation

  1. Public Procurement Regime
  2. Mergers and Acquisitions (M&A) Processes
  3. Competition Regime
  4. Environmental Regime
  5. Green Investments
  6. Investment in Dynamic Ventures
  7. Cross-Border e-Commerce
  8. Conflict Resolution Mechanisms

Business close stage

  1. Corporate Insolvency Law

The Colombian financial system is based on a specialized banking scheme, i.e. a scheme in which every activity from the financial sector and from the securities market can only be performed by an entity especially appointed to carry out the corresponding activity, so that the same entity cannot provide all the possible financial sector and securities market financial services. 

Traditionally, the financial system is divided into two sectors:

  • Intermediated sector: includes banking, insurance and complementary or related services entities and activities.
  • Disintermediated sector: commonly known as the securities market, this is the sector that brings together all entities and activities in which no professional intermediation exists among the economy’s surplus and deficit sectors, so that the former and the latter are directly supported by the entities that provide the infrastructure and the associated services in order to make direct negotiations. 

In this chapter you can find everything related to the scheme of the financial and securities system in Colombia, including a section on cryptocurrencies.

In Colombia there are several financial services companies that will prove to be useful when looking to establish your business and operations. Among these, we can find trust companies, general deposit warehouses, pension and severance management companies, currency exchange companies, insurance entities and insurance intermediaries, among others.

If what you want is an approach to the alternative financing mechanisms available in Colombia, this chapter, complemented by the chapters on Incentives for Foreign Investment and Investment in Dynamic Ventures, will serve to inform you about several topics such as equity funds, crowdfunding and other important instruments that allow you to finance your operations.

If you want to know more about these topics, as well as account opening, the payment and transfer system, Open Finance, and other topics related to the financial sector, we invite you to download the full chapter of the guide.

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Legal notice

In compliance with the provisions of Article 10 of Decree 1377 of 2013, regulatory of Law 1581 of 2012, THE CORPORATION FOR DEVELOPMENT AND PRODUCTIVITY BOGOTA REGION-REGION DINAMICA -INVEST IN BOGOTA (hereinafter INVEST IN BOGOTÁ), as the data controller of the personal data obtained through the different management and information and contact channels offered through its web portal or other means of contact, requests investors, entrepreneurs, allies, journalists, suppliers, users, and in general, any natural person holding personal data who has been a user of the services and/or products offered by INVEST IN BOGOTÁ,authorization to continue with the processing of your personal data in accordance with the privacy policies that have been established under the parameters of Law 1581 of 2012 on Personal Data Protection in Colombia. The information and personal data provided to INVEST IN BOGOTÁ may be processed, collected, stored, used, circulated, deleted, shared, updated and/or transmitted, in accordance with the terms and conditions of the privacy policies established by the corporation, as applicable, mainly for promotional, commercial, administrative, contact and in general, to enable the provision of its services and the disclosure of its products and services. In accordance with the procedures contained in Law 1581 of 2012 and Decree 1377 of 2013, holders may exercise their rights to know, update, rectify and delete their personal data by sending their request the email pqrf@investinbogota.org if you prefer, by contacting in Bogota to telephone 317 7806 158 nationwide or thePOL-DE-05. V06. Personal Data Treatment Policy.pdf may be consulted on the Invest in Bogotá website.