Living The Dream In Medellín, Colombia
As the saying goes, "Time flies when you’re having fun..." I couldn’t agree more. It’s hard to believe… but it’s...
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Capital City: Bogota
Climate: Tropical, Isothermal[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/3″][vc_single_image source=”external_link” custom_src=”https://www.liveandinvestoverseas.com/wp-content/uploads/2015/02/colombia-150×150.jpg”][/vc_column_inner][vc_column_inner width=”2/3″][vc_column_text]Language: Spanish
International Dialing Code: +57
Chief of State: Iván Duque Márquez
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[/vc_column][vc_column width=”1/12″][/vc_column][vc_column width=”5/12″][vc_custom_heading text=”Map of Colombia” font_container=”tag:h2|font_size:2.0em|text_align:left” use_theme_fonts=”yes”][vc_separator color=”black”][vc_gmaps link=”#E-8_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” size=”300px”][/vc_column][vc_column width=”1/12″][/vc_column][/vc_row][/vc_section][vc_row full_width=”stretch_row_content” gap=”30″ vc_row_background=”” css=”.vc_custom_1522854941773{background-color: #e5e5e5 !important;}”][vc_column css=”.vc_custom_1569446966809{padding-top: 0px !important;}” el_class=”color ss-style-castle ss-style-bigtriangle”][vc_raw_html]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[/vc_raw_html][vc_row_inner content_placement=”middle”][vc_column_inner el_class=”contentBox”][vc_custom_heading text=”Colombia Facts and Figures” font_container=”tag:h2|text_align:left|color:%23000000″ use_theme_fonts=”yes” el_class=”cohub_body_h2″][vc_raw_html]JTNDJTIxLS1DYXJkJTIwYXV0aG9yJTIwTGllZi0tJTNFJTBBJTBBJTVCd2Jjcl9odG1sX3NuaXBwZXQlMjBpZCUzRCUyMjEwNDUyNyUyMiU1RCUwQSUwQSUzQyUyMS0tJTIwRW5kJTIwY2FyZCUyMGF1dGhvciUyMExpZWYtLSUzRQ==[/vc_raw_html][vc_column_text]
Alamy/3D generatorColombiais located in South America. This culture-rich country has a coastline on the Pacific Ocean and Caribbean Sea.
Bordered by Panama, Ecuador, Chile, Brazil, and Venezuela, Colombia is an integral part of the South American continent.
The total land area of Colombia is 401,044 square miles (1,038,699 square kilometers). Colombia is renowned for its beaches, natural landscapes, outdoor activities, and vibrant society.
Home to the second largest population in South America, surpassed only by Brazil, Colombia’s free market economy continues to draw investment attention the world over.
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| Information Type | Colombia Data |
|---|---|
| Population | 50,882,89 (2020 est.) |
| Gross Domestic Product PPP (GDP) | US$375.00 Billion (2020 est.) |
| GDP Per Capita | US$7,800 (2020 est.) |
| Inflation Rate | 3.52% (2020 est.) |
| Currency | Colombian Peso |
| Exchange Rate Versus U.S. Dollar | 3563,00 pesos per U.S. dollar (June, 2020) |
| Language | Spanish (official) |
| Capital | Bogota |
| Population of Capital City | 10.77 million (metropolitan area) |
| Time Zone | UTC/GMT – 5 hours |
| Seasons | There are alternating dry and wet seasons corresponding to summer and winter, respectively. |
| International Dialing Code | 57 |
| Electricity | 110-120 V – 220-240V appliances: Plug adapter + step-up transformer |
| System of Government | Republic. Executive branch dominates government structure. |
| Current Leader | President Iván Duque Márquez (since Aug. 2018) |
| Property Tax | The rates of the unified property tax on the aggregate value of the land and buildings range between 0.5% and 1.4%. |
| Capital Gains Tax | 0% to 10% |
| Inheritance Tax | Inheritance/ estate tax – Gifts are treated as capital gains and subject to tax as ordinary income. |
| Rental Income Tax | Income from leasing real property is considered as ordinary income and taxed at 33%. Rental income is subject to 3.5% withholding tax, which is considered as advance tax payment. |
| Sales Tax | 16% |
| Restrictions on Foreign Ownership of Property | None |
| Local Chamber of Commerce | www.ccb.org.co/ |
| American Chamber of Commerce | http://www.amchamcolombia.com.co/ |
| Primary Exports | Petroleum, coffee, emeralds, coal, nickel, emeralds, apparel, bananas. |
| Residency and Visa Requirements | The process for residency is fairly simple and straightforward, with low income and investment requirements. |
| Special Benefits for Foreign Residents or Retirees | A retirement visa, requires you to be receiving retirement benefits from the U.S. |
| National Airline | www.avianca.com |
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