There are several types of visa for Colombia, depending on the length and purpose of your stay. The three main visa categories are as follows: - Visitor visa (type V): for visitors entering the country without taking up residence. - Migrant visa (type M): for foreigners wishing to come to Colombia to work or live temporarily. M visas are the most common among expatriates and are generally issued for three years. - Resident visa (type R): for foreigners wishing to settle in Colombia permanently.

Under Colombian law, an individual who is not a national of the country is considered a Colombian tax resident if he or she stays in Colombia for more than 183 days in any period of 365 consecutive calendar days.

It is possible to be considered a tax resident in several countries, including France and Colombia. However, to avoid double taxation, France has signed an international treaty with Colombia, in force since January 2023. This tax treaty resolves any conflict of double tax residence in favor of one of the two countries.

If you are considered a non-resident for tax purposes in France, and if you have taxable income from French sources after your departure, you must notify your change of address in Colombia to the French tax authorities and file an income tax return with the non-resident tax authorities.

In Colombia, individuals are required to file an income tax return if they meet certain conditions: - If you are a tax resident in Colombia and your gross assets at the end of the tax year exceed 4.500 UVT (Unité de Valeur Tributaire), i.e. approximately 42,494.56 Euros. - If your gross income at the end of the tax year exceeds 1.400 UVT, i.e. around 13,216.72 Eur 4.500 UVT - If your credit card expenditure is equal to or greater than UVT 1.400, i.e. approximately 13,216.72 Euros. - If the total accumulated value of bank deposits or financial investments is equal to or greater than 1.400 UVT at the end of the fiscal year (approximately 13,216.72 Euros).

In Colombia, personal and corporate income tax is calculated according to a progressive scale. The tax rate varies according to the taxable income bracket you fall into. For the 2023 tax year, the tax brackets and corresponding rates are as follows: - Up to 95 UVT (Unité de Valeur Tributaire): 0%. - From 95 to 150 UVT (896.47663 - 1,414.54 Euros): 19%. - From 150 to 360 UVT (1,414.54 - 3,395.47 Euros): 28%. - From 360 to 640 UVT (3,395.47 - 6,036.40 Euros): 33%. - From 640 to 945 UVT (6,036.40 - 8,911.34 Euros): 35%. - From 945 to 2300 UVT (8,911.34 - 21,695.00 Euros): 37%. - Over 2300 UVT: 39%.

Yes, the Colombian social security system applies to all persons working or self-employed in Colombia. It covers the following risks: sickness-maternity, industrial accidents-occupational illnesses, old-age-invalidity-survivors' insurance and unemployment.

To buy a property in Colombia, you need to follow a multi-step legal process: - Sign a preliminary sales agreement with conditions precedent that may, if necessary, require the payment of a deposit generally equivalent to 10 to 20% of the total sale price; - Have the title deeds validated by a lawyer; - Once the suspensive conditions have been lifted, sign the final sales contract before a notary; - During the process, ensure compliance with Colombian exchange control regulations.

Unlike Europe, where there are no longer any exchange control regulations since the Maastricht Treaty, in Colombia there are a number of exchange control obligations that can affect international financial transactions. For example, money transfers to and from Colombia may be subject to prior declaration and authorization by the Central Bank of Colombia. It is important to comply with regulations to avoid sanctions and penalties.

Yes, there is a simple taxation system (Régimen simple de Tributación -RST). This is a tax payment system that differs from the usual ordinary regime, as it offers lower rates based on income. It is open to all individuals and legal entities on a voluntary basis, provided they meet certain criteria, including income level. In addition, the RST facilitates and simplifies the submission of national and territorial tax returns, as it allows multiple taxes to be declared annually on a single form and paid via bi-monthly instalments.

The choice between setting up a subsidiary or a branch in Colombia depends on your business objectives and the structure of your company. A subsidiary is a separate legal entity from the parent company, while a branch is an extension of the parent company and does not have its own legal personality. A subsidiary can offer greater autonomy and flexibility in the management of local affairs, while a branch can be more difficult to apprehend but can prove to be a vector of opportunities, particularly in public or fiscal markets.