H&CO
Colombia

Your strategic partner for Growth and Innovation in the American market.  

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Local Expertise in a Global World

Our network of contact offices spans continents, bringing the expertise of H&CO professionals closer to you. Whether you're seeking financial advice, strategic consulting, or tailored solutions, our dedicated teams in various locations are here to serve you with a personalized touch.

Bogotá

Cra 7 # 32 – 29 Piso 23. Ed. Fenix. Centro Internacional.

 

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Doing Business

Colombia has become one of the most attractive destinations for doing business in Latin America. Its strategic location, trade agreements, and diverse economy offer significant opportunities. In this blog, we explore what foreign investors and companies need to know to succeed in the Colombian market.  

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How to
open a Business

Starting a business in Colombia can be a strategic move for companies looking to expand into Latin America. With a growing economy and investor-friendly reforms, the country offers strong potential. This blog outlines the key legal, tax, and regulatory steps required to launch and operate a business successfully.  

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Tax
Treaties

Colombia does not have a tax treaty with the United States, which may result in double taxation for some investors. However, the U.S. has signed numerous tax treaties with countries around the world. Explore these agreements to better understand your cross-border tax obligations and opportunities.  

Most relevant industries according to GDP

 

Manufacturing & Mining  

Colombia’s industrial sector contributes about 31% to GDP. It includes oil, coal, construction materials, chemicals, and food processing. Manufacturing is diversified, while mining, especially coal and gold, remains a key export driver. Recent reforms aim to boost innovation and sustainability in industrial production. 

 

Services 

The services sector is Colombia’s largest contributor to GDP, accounting for around 62%. It includes retail, banking, real estate, tourism, education, and professional services. The country has seen strong growth in digital services and fintech, driven by urbanization, rising internet access, and global investment.

 

Agriculture  

Agriculture remains a vital sector, contributing around 7% to Colombia’s GDP. Key exports include coffee, bananas, flowers, and sugar. The country’s diverse climate and geography allow year-round cultivation. While modernization is advancing, rural development and productivity gaps are still national priorities.  

 

Manufacturing & Mining  

Colombia’s industrial sector contributes about 31% to GDP. It includes oil, coal, construction materials, chemicals, and food processing. Manufacturing is diversified, while mining, especially coal and gold, remains a key export driver. Recent reforms aim to boost innovation and sustainability in industrial production. 

FAQs based on the H&CO guide on doing business in Colombia:

Key Contacts
 

Colombian labor reform: what companies need to know

Learn about the new Colombian labor reform passed this year, and what companies wishing to operate in this Latin American country should consider.

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Colombian Tax System: Corporate Obligations

Numerous countries in Latin America have intricate tax systems, making it crucial for businesses to comprehend the challenges associated with compliance. This article highlights the fundamental requirements and key aspects of the current tax system in Colombia.

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Why H&CO?

We specialize in guiding global investors, families, and multinational businesses through the complexities of cross-border investments and business expansion. With offices in over 30 countries, we are a trusted partner for those seeking to relocate, invest, or expand their business abroad providing tax, advisory, and integrated global solutions.

  • 1,000+ multilingual professionals, providing local expertise with a global perspective.
  • Client-focused leadership with deep industry experience in global markets.
  • Forbes America’s Top 200 CPAs, 2025
  • Forbes Best in State Top CPAs, 2025
  • USA Today America’s Most Recommended Tax and Accounting Firms, 2025
  • IPA Top 100 Accounting Firms, 2025 – Ranked #66
  • IPA Fastest Growing Firms, 2025
  • SFBJ Largest Accounting Firms by Billings, 2025
  • SFBJ Largest Accounting Firms by CPAs, 2025

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