07May/24
4 Good Industries For Seeking Employment in Colombia as an Expat – 2024 Update
To help you find the right job for you, we’ve broken down four of Colombia’s most thriving industries in terms of foreign employment.
07May/24
Retirement Visa in Colombia: How to get it, costs and more – 2024 Update
The Ministry of Foreign Affairs issued Resolución 5477, which updates the regulations and procedures for the different types of Colombian visas. Therefore, as of October 2022, these changes will come into effect. See below the new requirements if you want to apply for your Retirement visa.
24Abr/24
How To Send Money To Colombia: 4 Solutions for Expats
We’ve spoken to our financial experts to find out how to send money to Colombia. Whether buying a Colombian property, investing in a Colombian business, or wiring personal savings, transferring cash to Colombia is as essential as it is tricky for many expats. So, with that in mind, here’s our comprehensive guide on how to send money to Colombia as an expat.
15Abr/24
The seven best businesses to invest in Colombia in 2024
Colombia, a country in constant growth, offers foreigners a destination for relaxation or adventure and an attractive offer in various sectors for investment. With different business ecosystems, attractive tax incentives, and continuous economic development, Colombia is an ideal destination for investing and doing business. In addition, qualified companies can assist expatriates in setting up businesses or advise on investments in Colombia, further highlighting why Colombia is an excellent investment destination.
Colombian Digital Nomad Visas approved – 2024 Update
We have had the privilege of having several successful cases so far, of different nationalities, with different professional roles, but with processes carried out by our team with satisfactory results.
-What should I know about the requirements for the digital nomad visa?
-Download the official guide on the Colomabian tax regime
-What is the validity of the digital nomad visa?
-What should I keep in mind for a successful application?
-Let your processes in expert hands
What are the costs of the Digital Nomad Visa?
-Check out what you need to know about the Colombian tax regime
Why should I use expatgroup.co services?
-Visa Services expatgroup.co
What are the valid policies for the visa?
20Mar/24
Colombian Tax ID – TIN: How to Obtain the RUT as a Foreigner
This blog covers everything about the Single Tax Registration RUT for individuals in Colombia, which is available for foreigners who wish to start their economic activities in this Latin American country. You will get essential information to navigate the Colombian tax system, from understanding the RUT to knowing every detail of the form and the DIAN’s virtual and in-person registration processes.
04Dic/23
Continental Assist: Travel Health Insurance for Foreigners
During an international adventure, achieving peace of mind is essential for well-being. Travel health insurance has become a vital resource for dealing with the unexpected. Knowing the must-have characteristics can be helpful when deciding which assistance policy to purchase. Many countries may require travelers to have a wide travel health insurance policy to process short or long-stay visas that cover a vast range of eventualities. Regarding Colombia, it’s a mandatory requirement for foreigners’ most requested entry and stay permits. Continental Assist stands out from many other insurers by offering specific plans to meet visa requirements and make applications effective. Ensuring our health should be crucial when embarking on new endeavors, and Continental Assist’s services prioritize the safety and well-being of travelers.
26Nov/23
VAT or IVA Tax Return for foreigners in Colombia
Colombia has emerged as a great tourist destination, and foreigners visiting the country as tourists can benefit from the tax return of the Impuesto al Valor Agregado (IVA) or Value Added Tax (VAT), according to Resolution 1495 of 2021. In expatgroup.co, we provide an updated guide in 2023 about who is eligible and how to request this tax refund. To qualify, foreign tourists must possess a valid tourist permit or a Tourist Visa (V-Type) and collect other required documents. Qualifying purchases of goods must amount to COP 127,236 or more. While there are limitations and requirements, this process significantly benefits international visitors exploring Colombia.
01Nov/23
Taxes for foreigners in Colombia
Living in another country is a life-changing decision, so there are essential aspects to consider, such as culture, climate, language, health system, etc. But, there are also regulatory and legal aspects, such as legal stay and foreign taxes.
If you choose Colombia as your destination, make sure you comply with the current immigration and tax regulations.
1. When am I considered a tax resident in Colombia?
2. What taxes must I pay if I am a foreigner in Colombia?
3. What taxes do I have to pay if I am a foreigner, NOT a resident of Colombia?
4. When do I not have to file an income tax return?
5. Double taxation treaties
6. What is the difference between paying and declaring income?
7. What happens if I do not file an income tax return when I am obliged to do so?
8. New wealth tax
21Dic/22
Expat Story: Yunisbel Pazos, CEO Smartness Business
At expatgroup.co, we are a committed team, not only professionally because we fulfill our philosophy of changing lives, and we do it with the details, with our specialized, close and human advice. We are happy to know that we contribute to making the dreams of foreigners come true; dreams of studying, doing business, investing, retiring, or living in Colombia.
Yunisbel visited us in our office and shared some opinions about Colombia, his Colombian visa process, and his Smartness Business project.