Blog
Parties, Neighbors, and Sanctions: What a Foreigner Should Know in Colombia
Living in Colombia, especially in cities such as Medellín, is often an appealing experience for many foreigners: an active social life, modern housing options, and dynamic urban environments. However, that same experience may lead to a common mistake: believing that...
Fundamentals of Foreign Indebtedness in Colombia
When a company or a person in Colombia takes out a loan from a foreign bank, a non-resident supplier, a parent company, or any creditor abroad—or grants a loan to a non-resident—it will, in most cases, qualify as foreign indebtedness (external debt) for foreign...
Opening Bank Accounts in Colombia for Foreigners: Clear and Updated Rules
The Financial Superintendency of Colombia, through Concept No. 2017121469-001 dated November 24, 2017, issued a statement regarding the refusal by some banks to provide financial services to foreigners, clarifying that immigration status alone cannot be a valid reason...
Cash Limits When Entering or Leaving Colombia: What Every Traveler Should Know
At DEC we are frequently asked a key question: How much money can I bring into or take out of Colombia when traveling internationally? While Colombia’s foreign exchange regulations for travelers are relatively clear, their application often leads to confusion—and...
What You Need to Know About International Package Shipping to Colombia
In recent years, e-commerce has completely transformed the way we purchase products. Platforms like Temu, Shein, Amazon, Aliexpress, and many others allow consumers to shop in minutes and receive orders directly at their doorstep. However, this boom in online sales...
Rules for Bringing Goods into Colombia by Travelers
Decree 1165 of 2019 contains the Colombian customs regulations. Among these, the rules governing the entry of goods by travelers are found in Articles 266 to 287. These articles establish the conditions and clarify various issues that previously caused confusion for...
The Globalization of Business and the Importance of Understanding Colombia’s Foreign Exchange Regulation
The globalization of business and the growing export-oriented vision of Colombian companies—particularly in Antioquia—have underscored the importance of understanding and properly applying Colombia’s foreign exchange regulations. In an academic session hosted by the...
The Requirement of Criminal Background Checks in the Colombian Visa System: The Need for a Clear and Uniform Guideline
Resolution 5477 of 2022, issued by the Colombian Ministry of Foreign Affairs, regulates the visa system in Colombia, including both substantive and procedural provisions for application, evaluation, and issuance. Among the elements that have raised the greatest...
