What is Legal Due Diligence in Colombia? Steps Before Investing or Signing a Contract
In the world of international business, understanding what is legal due diligence is a fundamental skill, especially when operating in a foreign legal environment like Colombia’s. Whether you’re investing in real estate, forming a company, or entering a commercial contract, due diligence helps you make informed decisions, mitigate risks, and ensure full legal compliance. For […]
The Importance of Proper Due Diligence in Colombia
Entering a new market like Colombia, whether for investment, relocation, or business, can be an exciting opportunity, but it must be approached with caution and preparation. Proper Due Diligence in Colombia is more than just a legal formality; it’s a strategic process that protects your interests, ensures compliance with local laws, and significantly reduces risk. […]
Can Foreigners Open a Bank Account in Colombia? A Step-by-Step Guide
The financial landscape of a foreign country can be challenging, especially when it comes to opening a bank account. For many English-speaking expatriates, digital nomads, and investors looking to establish themselves in Colombia, the question can a foreigner open a bank account in Colombia is fundamental. In this guide, we walk you through how to […]
Cost of Living Comparison: Colombia vs. USA
When comparing the cost of living Colombia vs USA, the short answer is that Colombia is usually significantly more affordable overall, with the largest savings typically coming from housing, dining, and services. That said, your real budget can change fast depending on city, neighborhood, lifestyle, and whether you prefer international-level housing and private services. In […]