H&CO Colombia

In Colombia, we bring together local market knowledge, international tax expertise, and the technology solutions needed to navigate one of the region’s most dynamic economies. 

With a strong presence in Bogotá, our team assists foreign investors, regional corporations, and multinational groups with tailored services that ensure compliance, efficiency, and long-term success in the Colombian market. 

Contact an advisor
Hindu executives

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. 

Doing Business

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. 

How to open a Business

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. 

Tax Treaties

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. 
db-colombia-31 (1)-1

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

Why Invest in Brazil?

Brazil is one of the largest economies in Latin America and the Caribbean, according to the gross domestic product (GDP) recorded in 2023. In that year, the value of goods and services produced in Brazil reached an estimated $2.12 trillion USD, based on current values.

The country boasts a diverse and robust economy driven by key industries such as agribusiness, where it leads global production and exports of soybeans, sugarcane, and coffee; mining, as the largest exporter of iron ore and a significant producer of gold, aluminum, and oil; and renewable energy, with hydropower as its main energy source and growing investments in wind, solar, and ethanol production.

This economic strength, combined with abundant natural resources and opportunities for growth, makes Brazil a prime destination for investment.
invest-in-brazil
Source: Gross domestic product (GDP) in Latin America and the Caribbean in 2024, by country (in billion U.S. dollars).

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.

Read more
Woman smiling with a tablet in her hand

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.

Read more
colombia tributacion-1

Key Contacts

Our Offices
flag_colombia

Bogotá

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

Start doing business in Colombia

 

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

Contact us today!

Let's Talk