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Month

//September 2015
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Baker & McKenzie Feted As Top Tax Lawyers In Colombia

Last week in New York City during the International Tax Review award event for The Americas honoring top tax lawyers, auditors and accountants, the international law firm Baker & McKenzie won several awards categories including Tax Firm Of The Year for Colombia, Tax Firm Of...
Posted On September 21, 2015
, By Loren Moss
volcanic eruption photo courtesy of Wikilmages - Pixabay
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$44 Billion USD Economic Risk In Bogotá And Medellín; $20 Billion Due To Human Factors, Says Lloyd’s

Not counting the rest of Colombia, Bogotá and Medellín alone face a total of $43.97 billion USD of risk over the next decade, according to analysis by Lloyd’s of London. Human created risks, such as terrorism, cyber attacks, or market collapse make up 45% of the measured risk....
Posted On September 21, 2015
, By Loren Moss
Colombia leads major LatAm economies in mobile churn
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Colombia Leads Large Latin American Economies For Mobile Churn

In the last 12 months, just 20 percent of cell phone users in Colombia have changed their provider, followed by 19 percent in Brazil and Mexico, 17 percent in Chile and Peru, and just nine percent in Argentina. Across Latin American countries, only 20 percent or less of cell...
Posted On September 21, 2015
, By Loren Moss
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Suramericana To Make $674 Million USD Acquisition Of RSA Insurance Group’s Latam Assets

Medellín based Grupo SURA´s insurance and risk management subsidiary, Suramericana S.A., has announced that it has reached a definite agreement to acquire RSA Insurance Group PLC´s operations in Latin America, for a total of £403 million British pounds, representing COP 1.91...
Posted On September 14, 2015
, By Loren Moss
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Kuepa Buys Bogotá Based First Class English, Raises Additional $3 Million USD To Fuel Latam Growth

Online learning and workforce development firm Kuepa.com has grown its Colombian presence by taking a majority stake in Colombian language school First Class English, which provides educational programs, test preparation, and exams for the corporate market in Colombia. First...
Posted On September 14, 2015
, By Loren Moss
Toronto from Lake Ontario - courtesy Pixabay
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ProColombia, MinTIC TO Hold “Colombia Bring IT On” Business Event in Toronto In October

ProColombia and the Colombian Ministry of Information Technologies and Communications will host the first technology focused Business Matchmaking forum to pair roughly 70 Colombian companies with an expected 150 to 200 Canadian and US buyers and investors October 28 and 29, 2015...
Posted On September 14, 2015
, By Loren Moss
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President’s Forum Unites Key Colombian Business Leaders for 3rd Annual Leadership Encounter

Bogotá’s Club El Nogal will be the host of the 3rd annual Leadership Encounter sponsored by the Colombian Presidents’ Forum, named “Leaders that inspire actions of change.”  The event, September 30 from 7am to 1pm, seeks to bring together the most successful professionals and...
Posted On September 14, 2015
, By Loren Moss
Jacana oilfield chachalaca 1 caribbean graphic
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GeoPark Strikes Oil At 12,270 Foot Depth Off Colombia’s Caribbean Coast

Latin American oil and gas explorer GeoPark Limited (NYSE: GPRK), with current operations in Chile, Colombia, Brasil, and Argentina, has announced a new oil field discovery following the drilling of the Chachalaca 1 exploration well, located on the Llanos 34 Block in Colombia,...
Posted On September 14, 2015
, By Loren Moss
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High Level US Trade Delegation Arrives In Colombia This Week

Beginning Wednesday, September 16th and 17th, 20 US companies will be visiting Colombia, accompanied by the US Chamber of Commerce and the US State Department. The delegation will be meeting with top Colombian government representatives to discuss different topics relevant to...
Posted On September 14, 2015
, By Loren Moss
Exento Extento, Exencion,Aeronautica Civil, Aerocivil, Tax Stamp
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International Visitors No Longer Have To Stand In Line For Tax Stamp When Departing From Colombia’s Airports

Up until now, International visitors, and Colombians in certain circumstances, have had to go to a counter and get a tax exemption stamp known as an “exento” when departing Colombia. This exempts them from a modest departure tax, but creates an unnecessary hassle, and another...
Posted On September 14, 2015
, By Loren Moss
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