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Employment Matters
In Colombia, the ordinary workday is 47 hours per week. With the implementation of Law 2101 of 2021, the workday would be gradually reduced to 42 hours per week. In the case of in-house maids, who are those workers who live where they work, their workday was 60 hours...
Short-Term Leases
In Colombia, anyone who rents a property for periods shorter than 30 calendar days, regularly, is considered a provider of tourism services. Consequently, the lessor must be registered in the National Tourism Registry. For this registration, the lessor has to...
Purchase of Property in Colombia
These are the steps that we recommend for the client safety. Remember that if you are a non-resident, the money must be brought to Colombia in a special way and that buying a property may give you the possibility of having a visa, depending on the value of the...
Sending Money to Colombia
General use accounts, which are the ones that we all normally have in banks such as Davivienda and Bancolombia, can be opened to non-residents for daily use issues, but in those accounts, you will not be able to disburse credits in COP or carry out mandatory exchange...
Monthly Cost of an Employee 2024
• These are the monthly values of social benefits. However, the payment is not made monthly to the worker but according to the terms and conditions established by law.• Keep in mind that the worker must be given shoes and clothing at least three times a year.• The...
Visas Update
Visa Update! 🌍 Resolution 6045 in 2017 allowed indefinite resident visas, but with the new Resolution 5477 in 2022, all resident visas must be transferred, once its seal expires, this means, after 5 years from its granting. Stay informed about changes in visa...
Rates Minimum Wage 2024
• The rates are established taking as reference an ordinary 47 working hours per week, which is valid until July 14, 2024. As of July 15, 2024, the working schedule will be reduced to 46 hours per week, therefore the referred values must be modified. • For employment...
Obligations in Colombia 2024
Obligations in Colombia for 2024 (Part 1): 1. Submit your income tax return, which deadline begins on August 12, 2024 until October 24, 2024. The submission date depends on the last two digits of your ID. (if applicable) 2. If you have a visa to enter to Colombia,...