When setting up a company in Colombia, what type of company is appropriate and what laws should be reviewed?

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Entrepreneurship grows in the country despite the uncertainty about certain reforms such as tax and labor.
Publication date: 05/05/2023

Colombia was the most entrepreneurial country in Latin America in 2021, according to data from the Global Entrepreneurship Monitor (GEM). And, despite the uncertainty generated by some reforms that the current government has carried out since last year, such as the tax reform, and the concern aroused by the labor reform filed in Congress this year, the interest of the citizens of that country to form companies does not decrease. On the contrary, in the recently released report for 2022, there was an increase in the number of people between the ages of 18 and 64 who started a business . The indicator went from 15% in 2021 to 28% in 2022. Some of the sectors favored by this push are fashion and technology.

Laura Galeano Daza , partner of DLA Piper Martínez Beltrán , comments that the country continues to be very attractive to foreign investors, despite the high margin of uncertainty. 

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