All About Business In Colombia | What You Need To Know (2020)

[@HowToExpat]

Thinking About Relocating To Medellin? Get to know the good, the bad and the ugly, of Medellin. 🎥 E- Guide 🎥 www.how-to-expat.com/medellin-e-guide/

[@Ralphie_Boy]

*The only business that I've been successful here in Colombia is minding my own business!* 😄 👍🏻

[@Robertsdogs]

jajajaja! Good for you ralphie!

[@Ralphie_Boy]

@@Robertsdogs 🤠👍🏻

[@SocialSpanish]

jajajaja muy cierto!

[@edvos7661]

Very accurate, thanks. I started an eco lodge here in Colombia 5 years ago and experienced everything you said ... and more. I want to write a book entitled “ I quit my job today because my boss wouldn’t listen to me”!

[@b.b.finsclara3589]

I enjoyed your video. Good on you!!! Unlike many your video is full of honesty, give a picture of reality and how bureaucratic doing business in Colombia is. Thaaank you!

[@AscendedWarriors]

The basic moral of the story is. Come with an online source of income that does not depend on Colombian resources or bureaucracy.

[@lerryperry]

👍🏿👍🏿👍🏿👍🏿👍🏿

[@rodleithner7931]

Very good info. I am amazed at how so many people have to be informed that if they want to start a biss. in a different country that you need to have a full understanding of the laws and just how things are done.

[@oceanearth2243]

Business sucks almost everywhere in the world right now!! I admire your grit in what you are doing in Medellin. Frankly the best thing to In my experience is to secure a source of income In a western world before setting out to live abroad

[@TianshuDaKooc.]

This is really helpful, thanks so much for sharing

[@wernerdanler2742]

In other words, don't come to Colombia to set up a business unless you are rich enough to not actually need the business to survive.

[@axtrion888]

😂

[@HowToExpat]

Kind of correct...

[@erichall9344]

Very interesting topic. Thanks for sharing!

[@jermon983]

If you're serious about running a business in Columbia. Look at all the successful expat and ask. How you do it? Then copy their exact blueprint.

[@augustbrante8117]

The banking and DIAN is just too much. I had to shut my business down because of COVID and they wanted money to close my business downfor a couple months. I would recomend do everything off the books if at all possible!

[@Robertsdogs]

Thanks again Sam for another great video!

[@georgepetrin1334]

As usual, Sam an informative and helpful video. After listening to you elucidate the pitfalls of starting a business in Colombia, I thought it might make a good sit-com for TV. It would be about the gringo who goes to Colombia to start a business and all the problems he/she comes up against.

[@abdullahalgasser8071]

Thank you for the great video Sam. Can you talk about your experience in terms of what did you expect about your business and how it worked and where you stand now? After this experience, are you happy that you chose to live and do business in Colombia? What are your plans for the near future? Thanks!

[@HowToExpat]

Thanks, I'm still loving life and work here, I have to say I'm repositioning pur business efforts more to an international approach instead of a strictly Colombian one.

[@abdullahalgasser8071]

​@@HowToExpat That's great, and I'm happy to read this. You guys deserve to be the succeed, and I'm sure you word hard and you try to adjust many of cultural differences. There are so many things fun, interesting, great, strange, odd and unbelievable. Enjoy the life. It's very important part of your life journey. cuídate!

[@tomlloyd9400]

Good advice.You tell it like it is.

[@HowToExpat]

Thanks!

[@memojl7195]

For all those procedures I recommend a good advisory; May seem hard but can get success. A lot of foreingners get it

[@et9769]

Si parcero ud si la tiene clara!

[@gabrielemori5.0]

Hi, what do you mean exactly when you say: " if you don't make the money in six months you have to get away"? And if i can ask you, how much do you need to deposit to get a working visa ?? Thank you !!

[@kevinjones6440]

Love your channel. Do you have any videos on Spanish schools in Medellin?

[@HowToExpat]

Thanks! Not yet, but there are tons of them. One we heard great things about of is BaseLang in Laureles. They have a grammar free class where they focus more on conversational Spanish.

[@hawkeye98]

Hi Sam. Great video as always. My wife and I are retiring in Villa De Leyva. What do you think about silent partner relationships.

[@juanpAAA2059]

Good information thank you so much!

[@rudieboonzaaierbiesjesfont5809]

..eish, bro, this year, had one from Colombia, wanted to come to South - Africa, to me..apparently, wow, Colombians, are cunning, no offense, though I am South African streetwise, but that mister, something else...but I love him, shame... ..but glad I could help him, glad I could, which I indeed do for him..still have contact with him, he still wants to come.. but... ..also sensed, very hard for young people to get a job, make a living, I will gladly take him, his 21 years old, live in Bogota, and have lots of potential..immense. ..thank's, you are informative, regarding your country..keep well, be safe...

[@Dk-gh4yw]

Another Great video!!!

[@HowToExpat]

Thanks 😁

[@dougness1971]

How much is a liquor license for a Cafe in Poblado and what authority issues them?

[@SlowMoneyCliff]

Do you know anything about opening a liquor store or bar in CO? I'm in Cali and I'm having trouble finding information online

[@HowToExpat]

Unfortunately not. It would be best to ask liquor store owners. They might be able to point you in the right direction.

[@Mathias69sweden]

what about a consultancy for the city of Medellín, ProMedellín; you help with export/import/foreign investments in Medellín, contacts, speak good paisa Casrellano and good English and Sedish/Danish, in an area full of univeristies and high tech companies. Become an agent for Alcadía de Mdellín or Empreas Publicos de Medellåin, ; negociate a fixed salary + expenses and a bonus when you accomplish something; a new export or import of important herramientas, tech, knowledge, or making aknowledge-based company start up a filial in Medellín, wanting like 100 people with good university and (some or them at least, good English). I Buenos Aires my friend was working for a French major pharam compay and one day a week was English, so she worked 4 days and the company , even a French one in San Isidro, Bs As, Needed, this was 2006, English speaking personell. I mean REAL ENGLISH!! Since noby here speaks Spanish AND are an master in qemistry etc, you can look up people, since you know what is missing, why the trade deals and investments are so small in comparison to it´s potential...You can also add culural inctercambios, of art exhibuitions etc. City of Medellåin pays you 5 m COP/ month /30% income tax + expenses...+ bonus when getting a deal done, which can be very good money if you for example get 100 high tech job in Medellín...etc, or exports worth XY- Millions, billions a year to my region, agriculture products, but also importing technology and know-how persons etc...That would be my dream-job, no worries about your monthly income, but chance to get high bonueses + doing a good thing for Medellín is so are so filled with educated young people that want the city to be like a Colombian Barcelona....

[@axtrion888]

Bribes bribes bribes

[@Conditore]

Dann doch lieber in Deutschland arbeiten und hoffentlich ist es bald möglich Urlaub in Kolumbien zu verbringen:-) tolles Video Sam

[@HowToExpat]

Dankeschön

[@Conditore]

@@HowToExpat gerne :-) Eigentlich wollte ich dieses Jahr nach Cartagena, weil ich noch nie in Kolumbien war , aber dann kam Corona . Naja ich hoffe das es in den nächsten Jahren möglich wird

[@meto9321]

I hope you dont have to paid so much tax to rent out a local

[@AscendedWarriors]

Your arms....

[@HowToExpat]

I had a fight with mosquitoes on a hike... I lost😅

[@AscendedWarriors]

@@HowToExpat hahahaha you were jumped by mosquitos

[@SocialSpanish]

Please make sure you don't try to have a business without speaking Spanish, that would be such a pain in the ass. 😬😬😬

[@rodneyprince18]

The problem isn't with Colombia. The problem is when people show up in a country with a poor (or no) business plan, no understanding of the laws and business practices there, no understanding of the culture and to top it off, don't even speak the language. How can anyone possibly expect to be successful in that situation? Sure, blame that on Colombia, why on earth would you place the blame where it belongs, which on your shoulders. Learn the language and/or partner with someone you can trust, hire an attorney and an accountant, and most importantly, develop a business plan and think it through. Nearly half or more of small business fail in the US for the exact same reason, poor planning and not understanding how to run a business. Being successful in another country will be twice as hard.

[@tomlloyd9400]

You are right.

[@jermon983]

Can't argue with this fact!

[@robertowhyte2836]

Colombia is a different beast. It takes forever to do the simplest thing that has to do with the government. Things will sit on someone’s desk for months before they process it and by that time everything has expired. It’s not as straightforward as in other countries

[@lerryperry]

So the moral of the story is: Do not do business in Colombia.