Colombia
How Colombia performs
Tax
On the high side. Taxes here are heavier than in most countries we cover (98th of 123). Worth taking tax advice before you move. Personal income tax 0-39%, corporate tax 35 - 50%, VAT 19%.
Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)
Safety
Serious concerns. Colombia is one of the least peaceful countries in the index, 108th of 117. Check current travel advice before planning a move.
Source: Institute for Economics and Peace, Global Peace Index
Cost of Living
Affordable. Everyday life costs less here than in most countries we cover: Colombia is 37th of 118.
Source: Numbeo Cost of Living Index
Education
Average education. Education is mid-table: Colombia is 68th of 120.
Source: UNDP & MBRF, Global Knowledge Index
Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.
The detail behind the scores
Taxation
| Corporate income tax | 35 - 50% Applicable tax rate varies based on the nature of the business |
|---|---|
| Personal income tax | 0-39% Applicable tax rate varies based on the amount of income earned |
| Standard VAT | 19% |
Rates change without notice. Confirm with the relevant tax authority before acting.
Naturalization Requirements and Immigration Pathway
- Residence for naturalization
- 5 years
- Language requirement
- YesBasic proficiency in Spanish language
- Investment Immigration Pathway
- Colombia Investor Visa M
- Official language
- Spanish
- Dual citizenship
- Allows dual citizenship
Peru
Canada
Chile
Guatemala