Incentives to invest in Colombia
Colombia is a country that offers a favorable business environment with a stable legal framework. Furthermore, the national government has introduced several incentives to support and encourage foreign investment. These include the free trade zone regime, the Vallejo Plan, customs duty reductions or exemptions for imported raw materials and machinery, VAT exclusions for imported equipment, incentives to invest in science, technology, and innovation, and incentives for several economic sectors, including agriculture, tourism, and the automotive industry, among others.
These are some of the investment incentives: