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The Advantages Of Living In Colombia As An Expat

5 min read

The Advantages Of Living In Colombia As An Expat

Colombia is a country that has undergone significant political and economic changes in recent years. The country has emerged as a stable and prosperous nation with a growing economy and a diverse culture. The political infrastructure in Colombia has played a vital role in this transformation, providing a framework for growth and development that has enabled the country to attract expats from all over the world. In this article, we will explore how expats can benefit from the political infrastructure in Colombia, highlighting some of the key advantages and opportunities available.

Living in Colombia as an expat comes with a myriad of advantages that encompass everything from vibrant communities to diverse landscapes. This South American gem has been increasingly attractive to foreigners seeking a unique blend of culture, adventure, and lifestyle.

One of the standout features of living in Colombia is the welcoming expat communities that have taken root across the country. Whether you settle in the bustling cities, the tranquil coastal regions, or the charming mountain towns, you'll find like-minded individuals who have also fallen in love with Colombia's many charms. These communities become a source of support, friendship, and shared adventures.

Colombia's landscape offers a remarkable variety of settings, from the bustling city streets to serene coastal towns and tranquil mountain villages. You'll never tire of the breathtaking vistas and natural beauty that surrounds you.

Colombian food is another highlight for expats. The culinary scene offers a mouthwatering variety of dishes, from coastal seafood delights to hearty mountain stews. The fusion of flavors reflects the rich tapestry of Colombian culture, and every meal is a delightful journey for your taste buds.

 

 

Expats can rest easy with a stable political environment in Colombia due to recent reforms and its commitment to democracy - Safety has vastly improved in Colombia in recent years, making it a much more attractive destination for expats and their families.

Expats can rest easy with a stable political environment in Colombia due to recent reforms

STABLE POLITICAL ENVIRONMENT

One of the most significant advantages of living in Colombia as an expat is the stable political environment. Colombia is a country that has experienced considerable political unrest in the past. Still, in recent years, the government has made significant strides toward creating a stable and peaceful environment for its citizens.

For expats, the stable political environment in Colombia offers a sense of security and stability. They can be confident that their investment in the country will be protected and that they can live and work in a safe and secure environment. This has led to an influx of expats in recent years, with many people choosing to relocate to Colombia to take advantage of the stable political environment.

Safety has vastly improved in Colombia in recent years, making it a much more attractive destination for expats and their families. While it's always wise to exercise caution in any foreign place, Colombia's security has notably improved, making it a safer environment for both residents and visitors.

 

Related content: Easiest Ways To Get Your Residency in Colombia

 

Colombian government implemented tax incentives and access to financing, facilitating the opening of new businesses in the country

Colombian government implemented tax incentives and access to financing, facilitating the opening of new businesses in the country

EASE OF DOING BUSINESS

Colombia has significantly improved its business environment in recent years. According to the World Bank's Doing Business 2020 report, Colombia ranked 67th out of 190 countries. The report assesses the ease of doing business in a nation by looking at factors such as starting a business, getting credit, paying taxes, and resolving insolvency.

For expats looking to start a business in Colombia, the country's improved ranking means fewer barriers to entry and less bureaucracy to navigate. This makes it easier for expats to set up a business and start operating. Additionally, the Colombian government has implemented several incentives to encourage investment and entrepreneurship, including tax breaks, subsidies, and access to financing.

 

With an improved infrastructure, expats have an environment conducive to moving goods and services across the country

With an improved infrastructure, expats have an environment conducive to moving goods and services across the country

INFRASTRUCTURE DEVELOPMENT

Colombia has invested heavily in infrastructure development in recent years, particularly in transport and energy. This has significantly improved the country's transportation networks, energy supply, and telecommunications infrastructure. For expats, this means they can enjoy better access to reliable and affordable transportation, electricity, and internet services.

The country's diverse geography means you can choose to live in a bustling coastal city along the Caribbean, enjoying the warm, tropical climate and stunning beaches, or you can opt for a mountain retreat with cooler, temperate weather and breathtaking vistas. Colombia's regions are as varied as its cuisine, allowing you to pick the perfect place to call home.

Improved infrastructure also makes it easier for expats to do business in Colombia. Moving goods and services around the country is easier with better roads, ports, and airports. This has made Colombia an attractive destination for companies seeking to establish South American logistics and supply chain operations.

Additionally, the Colombian government has implemented several initiatives to promote sustainable development and reduce greenhouse gas emissions. This includes investments in renewable energy sources such as wind and solar power and promoting sustainable transportation options such as electric vehicles.

And let's not forget about the ease of travel within Colombia. The country's well-developed transportation network makes it convenient to explore all its nooks and crannies. Whether you're taking a short flight or a scenic road trip, you'll have the opportunity to discover new places, foods, and cultures.

 

Related article: The Basics Of How To Get A Second Passport Or A Second Residency

 

Colombia has signed free trade agreements with important countries around the world including the US, Canada and the EU - And let's not forget about the ease of travel within Colombia. The country's well-developed transportation network makes it convenient to explore all its nooks and crannies.

Colombia has signed free trade agreements with important countries around the world including the US, Canada and the EU

ACCESS TO FREE TRADE AGREEMENTS

Colombia has signed several free trade agreements with countries worldwide, including the United States, Canada, and the European Union. These agreements make it easier for Colombian businesses to export their products to these markets while also opening up opportunities for foreign companies to access the Colombian market.

These free trade agreements can provide a significant advantage for expats looking to establish a business in Colombia. By leveraging these agreements, expats can access new markets and increase their competitiveness. Additionally, the agreements can help to reduce the costs of doing business in Colombia, as tariffs and other trade barriers are eliminated or reduced.

Colombia's free trade agreements also create opportunities for expats in other areas. For example, with the country's strategic location and access to significant markets, expats with expertise in logistics and supply chain management can find opportunities to work with companies involved in international trade.

 

Expats can access high-quality healthcare services for a fraction of what they would pay in other countries

Expats can access high-quality healthcare services for a fraction of what they would pay in other countries

ACCESS TO HEALTHCARE

Colombia's national healthcare system provides coverage to all citizens and legal residents. While the quality of healthcare varies throughout the country, expats can benefit from the availability of affordable healthcare services. The government has invested heavily in improving healthcare infrastructure and has significantly reduced the country's infant mortality rates.

This means expats can access quality healthcare services at a fraction of what they would pay in other countries. Additionally, private healthcare options are available for those who want to access more specialized care or prefer a higher level of service.

 

Related content: What's The Lifestyle In Colombia Like For Its Residents?

 

Expats with children can take advantage of a newly reformed education system with several world-class universities

Expats with children can take advantage of a newly reformed education system with several world-class universities

EDUCATION OPPORTUNITIES

Colombia's political infrastructure also benefits expats in terms of educational opportunities. The government has made significant investments in education over the past decade, and the country now boasts several world-class universities.

Expats who move to Colombia with children can take advantage of the excellent education system. Public schools are available for all children, and private schools offer an international curriculum that caters to expats' needs. Additionally, universities in Colombia provide a range of undergraduate and graduate programs, many of which are taught in English.

 

 

CULTURAL DIVERSITY

Colombia is a country rich in cultural diversity, with a mix of indigenous, Afro-Colombian, and European influences. The country's political infrastructure recognizes and celebrates this diversity with an initiative to preserve and promote Colombia's cultural heritage. Expats who move to Colombia can immerse themselves in a vibrant and dynamic culture offering many experiences. From the colourful festivals to the rich history and architecture, there is something for everyone in Colombia.

With a welcoming population, friendly locals, and an open-hearted approach to life, Colombia is a place where you can easily make new friends and become part of a close-knit community. It's a country where family and friendships are valued above all else, and your social circle will quickly expand.

 

Colombia is an attractive destination to consider if you are looking for adventure, cultural diversity and new business opportunities - Colombia has become a top choice for foreigners looking for a unique and fulfilling place to call home.

Colombia is an attractive destination to consider if you are looking for adventure, cultural diversity and new business opportunities

CONCLUSION

Colombia's political infrastructure offers numerous benefits to expats who choose to make the country their home. From a more stable and secure society to a business-friendly environment, access to quality healthcare, and education opportunities, Colombia is an attractive destination for those seeking adventure, new experiences, and business opportunities. Additionally, the country's cultural diversity and commitment to preserving its cultural heritage add to its appeal. Expats who move to Colombia will find a welcoming and friendly society eager to embrace new cultures and ideas.

In summary, living in Colombia as an expat offers an incredible blend of cultural richness, culinary delights, diverse landscapes, and a welcoming community. With a comfortable climate, a focus on safety, and a wealth of activities to enjoy, Colombia has become a top choice for foreigners looking for a unique and fulfilling place to call home.

 

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Mikkel Thorup

Written by Mikkel Thorup

Mikkel Thorup is the world’s most sought-after expat consultant. He focuses on helping high-net-worth private clients to legally mitigate tax liabilities, obtain a second residency and citizenship, and assemble a portfolio of foreign investments including international real estate, timber plantations, agricultural land and other hard-money tangible assets. Mikkel is the Founder and CEO at Expat Money®, a private consulting firm started in 2017. He hosts the popular weekly podcast, the Expat Money Show, and wrote the definitive #1-Best Selling book Expat Secrets - How To Pay Zero Taxes, Live Overseas And Make Giant Piles Of Money, and his second book: Expats Guide On Moving To Mexico.

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