Bogota Foreign Investment Guide
14. Competition Regime
What is inside?
Preliminary stage
- Migratory Regime
- International Investment Agreements & Trade Treaties
- Foreign Investment Incentives
- Foreign Investment & Currency Exchange Regime
- Business Creation
- Tax Regime
- Intellectual Property
Investment stage
- Financial Regime
- Labor System
- Real Estate Acquisition and Leasing
- Customs Regime and Free Trade Treaties
On operation
- Public Procurement Regime
- Mergers and Acquisitions (M&A) Processes
- Competition Regime
- Environmental Regime
- Green Investments
- Investment in Dynamic Ventures
- Cross-Border e-Commerce
- Conflict Resolution Mechanisms
Business close stage
Antitrust law seeks the protection of free and fair economic competition, to guarantee economic efficiency, consumer welfare and the possibility of competing in the market under conditions of freedom and equality.
The highest authority in the country regarding free competition is the Superintendence of Industry and Commerce (SIC). The SIC is entitled to investigate and sanction any conducts that are against the legal regime for free and fair competition.
Some of the restrictive competition practices include agreements that contravene free competition, abuse of a dominant position, acts against free competition, and certain mergers operations, among other conducts.
The unfair competition regime seeks to protect good commercial customs, good commercial faith, honest uses in industrial and commercial matters and the consumer’s freedom of decision.
If you would like to learn more about the competition regime in Colombia, we invite you to download and consult the complete chapter.
