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In this video, I go over my experience doing business in Colombia.
I share my insights and experiences regarding doing business in Colombia. I go over the advantages, such as the favorable time zone, the availability of skilled talent, and improvements in the business process. However, I also highlights the downsides, including numerous holidays, high taxes, and a more laid-back work culture. I emphasize the importance of choosing the right business entity and understanding local regulations when starting a business in Colombia.
Highlights
⏰ Advantage of the same time zone as the Eastern Standard Time for business meetings.
🌟 Availability of a skilled talent pool, particularly in digital marketing and SEO.
📝 Streamlined business registration process compared to the past.
📅 Many holidays in Colombia, requiring adjustment and planning.
💰 High personal income and sales taxes.
🏢 Choice between different business entities like SAS (Simplified Stock Company).
🤝 Distinct work culture in Colombia compared to the United States.
🗂 Importance of understanding local regulations and zoning when starting a business.
🌎 Successful experience in both digital marketing and property investment in Colombia.
📚 Recommendations on entity choice, tax considerations, and communication in a bilingual environment.
#colombia #startingabusiness
