Modernizes foreign investment regime
On 26 January 2017, the Government of Colombia issued Decree 119 updating the country's investment regime. One of the most significant changes of the decree is the elimination of registration deadlines. It also redefines the concept of "residency", for which the minimum required time in the national territory has been changed from 183 calendar days to one year (365 days).
Type: Entry and establishment (Approval and admission), Promotion and facilitation (Investment facilitation )
Industry: Not industry specific
- Presidencia de la República de Colombia, Colombia moderniza régimen de inversión extranjera, Feb 10, 2017
- Presidencia de la República de Colombia, Decree 119 of 26 January 2017, Jan 26, 2017