The Colombian atmosphere for the creation of companies and accomplishment of businesses has been framed in a atmosphere changing atmosphere, but at the same time, evolutionary; with which the expectations have improved remarkably. In fact, according to Coinvertir who mentions to the Economic Commission for Latin America and the Caribbean, Cepal, "between 1990 and 2004 Colombia was one of the main destinies of the Direct Foreign Investment in Latin America, reaching an annual average of USS 1,9 thousands of million, after Brazil, Mexico, Argentina, Chile and Venezuela. Within the Andean Community, Colombia and Venezuela are the destinies with greater flows of DFI."
Inside the system of investment promotion are the incentives, tributary benefits, special regimes of commerce and incentives to the export. Similarly, there is a variety in international agreements to protect the foreign investment; like for example the Corporation of Private Investments abroad, Multilateral Agency of Guarantee of Investments - MAGI and the International Center of Adjustment of Relative Differences to the Investments.
These agreements along with decree 2080 of 2000 guarantee the equality in the treatment of the foreign investment. However, it is necessary to stand out that the same decree prohibits in its Chapter I, article 6 the foreign investment in the sector of national defense and national security, similarly the toxic sweepings processing, disposition and remainder, dangerous or radioactive not produced in the country.
As far as the foreign investments, these must be registered in the Central Bank so that the investor can exert his exchange right, redeem utilities, invest again utilities, among others.
Colombia in the search to facilitate the foreign trade, has 10 frank zones with exchange, customs and fiscal incentives, in addition, 5 special economic zones to export with the same benefits.
As far as the Agreements of free commerce that facilitate the process of import and export is:
FTA with the United States in negotiation
Andean Community of Nations-ACN ( Colombia, Bolivia, Ecuador, Peru and Venezuela).
G-3 (Colombia, Mexico and Venezuela).
ACN-MERCOSUR.
Colombia - Chile.
Colombia - CARICOM
Tariff Preferences :
With The United States: ATPDEA.
With the European Union: Andean SGP
Another recognized advantage in the international level by World Competitiveness is the level of manual labor described within the Andean community, with quite competitive wages if it is compared with other developing and industrialized countries. |