Doing Business in Colombia
Exporting to Colombia
President Obama announced the National Export Initiative (NEI) http://www.export.gov/ two years ago, with the goal of doubling exports by 2014. U.S. embassies are committed to supporting U.S. companies to start exporting or grow their exports to Colombia.
In this section, you’ll find an quick description of Colombia as an export market and some suggestions for getting started.
Visit the export.gov page on Colombia to get an overview of economic conditions and opportunities. Access the U.S. Commercial Service Market Research Library containing more than 100,000 industry and country-specific market reports, authored by our specialists working in overseas posts.
The Library Includes:
- Country Commercial Guides (read latest “Doing Business In” guides)
- Industry Overviews
- Market Updates
- Best Markets
- Industry/Regional Reports
Contact your local U.S. Export Assistance Center for advice and support on exporting to Colombia. Contact a Trade Specialist Near You (http://export.gov/eac/index.asp).
Contact your local Small Business Development Center (SBDCs): Starting a business can be a challenge, but there is help for you in your area.
Small Business Development Centers (SBDCs) are partnerships primarily between the government and colleges/universities administered by the Small Business Administration and aims at giving educational services for small business owners and aspiring entrepreneurs.
Make use of business matchmaking services.
Investing in Colombia
This section provides information for current and potential investors in Colombia.
Potential investors: Getting Started
- If you are considering investment in Colombia, here are some steps you may wish to consider as you get started:
- Register with the U.S. Embassy – If you are planning a visit to consider investment, let us know by sending an email to the contact addresses on this page.
- Visit Colombia’s ProExport: http://www.proexport.com.co/
- Contact in-country business support organizations such as the Colombian-American Chamber of Commerce or the Council of the American Enterprises in Colombia.
- Subscribe to our embassy U.S. Business site.
Current investors: Staying Connected
If you are a current U.S. investor in Colombia, the U.S Embassy wants to stay in touch. Here are a few steps you can take to keep the channels of communication open:
- Register with the U.S. Embassy – If you are active in Colombia, let us know by sending an email to the contact addresses on this page.
- Add us to your mailing lists – we are always happy to stay informed
- Subscribe to our embassy U.S. Business site
- Set up a meeting with our economic or commercial teams to discuss any issues that arise.
Working in Colombia
In this section you will find information on travel advisories and anti-corruption tools.
Make sure to check the current State Department travel advisory http://travel.state.gov/travel/cis_pa_tw/cis/cis_1090.html for Colombia.
The Foreign Corrupt Practices Act (FCPA) is an important anti-corruption tool designed to discourage corrupt business practices in favor of free and fair markets. The FCPA prohibits promising, offering, giving or authorizing giving anything of value to a foreign government official where the purpose is to obtain or retain business.
These prohibitions apply to U.S. persons, both individuals and companies, and companies that are listed on U.S. exchanges. The statute also requires companies publicly traded in the U.S. to keep accurate books and records and implement appropriate internal controls.
More information on the FCPA can be found here: http://www.fcpa.us/
A party to a transaction seeking to know whether a proposed course of conduct would violate the FCPA can take advantage of the opinion procedure established by the statue. Within 30 days of receiving a description of a proposed course of conduct in writing, the Attorney General will provide the party with a written opinion on whether the proposed conduct would violate the FCPA.
Not only do opinions provide the requesting party with a rebuttable presumption that the conduct does not violate the FCPA, but DOJ publishes past opinions which can provide guidance for other companies facing similar situations.
More information on the DOJ opinion procedure can be found here.
The Direct Line for American Business program connects U.S. businesses with American Ambassadors and U.S. mission personnel overseas, making you part of our “country team.” You will get up-to-the minute information on markets vital to your business, and learn about new sectors and tenders to help you expand your business.
The Overseas Security Advisory Council (OSAC) was created in 1985 under the Federal Advisory Committee Act to promote security cooperation between American private-sector interests worldwide and the U.S. Department of State. OSAC has developed into an enormously successful joint venture, with U.S. companies and organizations receiving the tools they need to cope with security issues in a foreign environment. OSAC is a free service to U.S.-based or incorporated private sector organizations with overseas operations.
One of President Obama’s signature initiatives to spur economic growth as home is SelectUSA, a program to attract and facilitate job-creating investment in the United States.