Exporting to Colombia

Colombia

Opportunities for Spanish Business

STRONG POINTS

  • Emerging economy with great potential for growth in the region
  • Young population (55%
  • Controlled growth of inflation.
  • The country is rich in natural resources (oil, coal, mining in general, farming, etc.).
  • Highly aggressive plan for investment in roadway infrastructure for the next 6 years.

INVESTMENTS

  • Sectors with potential: hydrocarbons and mining.
  • The country is involved in a major infrastructure plan to improve its efficiency.
  • There are special economic zones (free zones) and customs warehouses.
  • Investment opportunities for the farming-fishing and farming-industrial sectors.
  • Third biggest economy in Latin America and one of the countries with greatest economic stability in the region.

WEAKNESSES

  • Large informal economy.
  • Lack of a suitable road, rail and port infrastructure.
  • Corrupction.
  • Uncertainty about tax reform and its impact on investment.

PROSPECTS

  • Economy slowing up.
  • Prospects for growth: these are reviewed downwards from 4% to 3% or less.
  • There is an improvement in the business atmosphere associated with the prospects for the Pacific Alliance.

 

Contact

Colombia

Carrera 7 # 71-21

Oficina 1604 Torre B

110231 Bogotá

Contact details
Manager: Fernando Piñero
Tel. (+57) 1555 0626

Contact

STATE SYSTEM

Presidential Republic

OFFICIAL LANGUAGE

Spanish

CURRENCY

Colombian peso (COP)

EXCHANGE RATE

1 euro=3.291,24 COP (October 2015)

RELIGION

  • Catholics (87,3%)
  • Evangelicals (11,5%)
  • Others (1,2%)

POPULATION

48,301.420 (Sepember 2015)

Time difference

Summer: -7

Winter: -6

 

BS in Colombia

Fernando Piñero, manager of the BS branch in Colombia.

Experience

The Bogotá* representative office team (opened in 2015) help you with professionalism and dedication, giving you individual and personal assistance.

Our office combines in-depth knowledge of the specific features of the Colombian market, as well as of the local financial sector, Spanish bodies present in the Colombian Republic and public institutions.

Services

  • Guidance and introduction of Spanish business on the local market.
  • Advice on a range of financial products: bilateral credits, syndicated credits, club deals, financing for products.
  • Regular contact with Spanish and local companies from multiple sectors, and with public and private agents in the country.
  • Follow-up of operations.