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Home Invest in bogota
Bogotá
GMT -5

12:46 am

New York
GMT -5

12:46 am

L. A.
GMT -8

09:46 pm

Tokyo
GMT +9

02:46 pm

Sydney
GMT +11

04:46 pm

London
GMT +0

05:46 am

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  1. Home
  2. How to invest?
  3. How to have access to banking in Colombia

How to have access to banking in Colombia

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The Colombian financial system is regulated and is based on a specialized banking model. International transactions are subject to the national foreign exchange regime.

The mission of the financial system is to offer products and services to Colombian government institutions, companies and individuals to help them meet their monetary needs. The main functions of the financial system are:

  • Accepting deposits from the government, companies, and families.
  • Lending money to companies, families and government institutions.

The Central Bank responsible for carrying out central banking activities, such as the issuance of local currency, controlling the circulation of currency and managing legal reserves. It can also operate as a lender of last resort.

This chapter includes information about how to open a bank account in Colombia, the types of bank accounts available, requirements, control mechanisms and the entities in charge of applying such mechanisms.

 

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Updated (mm/dd/yyyy): 02.22.2018

How to invest?

How To Invest In Colombia

How to exchange foreign currency in Colombia

How to pay taxes in Colombia

How to live and work in Bogota

How to employ workers in Colombia

How to start a business in Bogota

How to have access to banking in Colombia

How to import and export customs in Colombia

How to rent and purchase real estate in Colombia

How intellectual property is protected

How private equity funds work in Colombia

Related files
Investment Guide 2017 Formato PDF 67 MB Español
Complete document of the Investment Guide of Bogotá 2017.
How to get access to banking in Colombia Formato PDF 124 MB Español
Colombian financial system, types of bank accounts and requirements for their opening, control mechanisms, and related entities.

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