Thread: Living in Colombia
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04-22-19 15:48 #16
Posts: 167Business.
Routard, what are your thoughts on medical tourism in Colombia (dental, cosmetic), business as a travel agency (sex tourism to Bogotá), marriage agency (Colombians to US or Canada)?
Thanks.
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04-13-19 01:45 #15
Posts: 1114Business to sell
If you want to live in Colombia, this might interest you: I am selling my company. It's a tecnical oriented BtoB company based in Bogota with clients nation wide, good reputation as we are leader in our market and profitable as we don't have competitors in Colombia. It will give you permanent residency in Colombia as well as incomes to live. Just contact me through PM for more information.
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03-04-18 19:57
Senior Member
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02-07-17 23:38 #14
Posts: 1114Originally Posted by Questner [View Original Post]
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02-07-17 23:34 #13
Posts: 1325I have not got into details but there is ongoing tax reform.
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02-06-17 20:16 #12
Posts: 1114Originally Posted by Dccpa [View Original Post]
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02-05-17 22:29 #11
Posts: 137Routard are there any local income taxes? In the US there can be state, county or even city income taxes.
Based upon my experience with state income tax returns, you effectively pay the higher of the two tax rates.
JjBee62 thanks for the link. The 25% exemption is nice and the office home expenses are worth learning about.
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02-05-17 22:03 #10
Posts: 1114Originally Posted by Dccpa [View Original Post]
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02-05-17 16:00 #9
Posts: 5485Originally Posted by Dccpa [View Original Post]
http://medellinliving.com/filing-taxes-colombia/
Definitely an area to seek expert advice on.
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02-05-17 14:51 #8
Posts: 137Outstanding report Routard. Only thing I would add is regarding capital controls. The author of one of the overseas living newsletters claims that at the time you bring money into Colombia, you have to declare that money as investment money. Otherwise you cannot take that money back out of Colombia. Since Colombia taxes worldwide income, I will run various income scenarios and post them here.
Edit to add information:
Wiki link https://en.wikipedia.org/wiki/Taxation_in_Colombia
Income Range in UVT[5] Tax Rate
0 to 1,400 0%
>1,400 to 1,700 19%
>1,700 to 4,100 28%
>4,100 33%
The UVT = about $10USD. It looks like amounts over $17000USD are taxed at 28% and over $41000USD are taxed at 33%. Unless there are ways to legally reduce the taxable income, those are fairly high income tax rates and much higher than US income tax rates.
For a single US person, the first $10,000 would be negated by standard deduction and exemption.
For $17000 Colombia tax = $570, US tax = $700 If the income was Social security, the US tax would be -0-
For $41000 Colombia tax = $7290, US tax = $4186 Again if $15-20,000 was Social security, most of the US income would not be taxed and the taxes could be as low as around $800.
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01-04-17 04:45 #7
Posts: 1792A great read. Informative and beyound helpful!
In my 12-15 years reading and posting in this forum and others. I have never seen a better post, completely unbiased, straight forward, detailed to the tee, informative than Routard's post below. This deserves special recognition.
Thank you.
TTM.
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01-03-17 19:36 #6
Posts: 30Best post / thread in the whole forum.
Routard's original Bogota list / detailed post was one of the better posts I have ever read in this website, but I have to say this living in Colombia post is something else, what an incredible amount of detailed information, impossible to ask questions once you read his whole post he basically covered every fucking thing there is to know about Colombia its fucking incredible I am 100% certain that the info he posted is more detailed and valuable than anything you would find at a dictionary sized Colombia guide book you would buy here in the states LOL.
I am a young lad so I am not in that retirement / pension age yet but I already have close to $25 k USD in capital savings in my Bank of America account, so I suppose I could apply for a TP7 Visa, but however I have no idea what in the hell I would do there LOL I am a waiter / bartender here in the states at a fine dining / high end restaurant, low skill job for sure considering I have a degree but I worked in a 9-5 office job before and I preferred to go back to serving, I make around the same maybe with not as much potential for growth as a server / bartender but a lot more lax and easy for sure LOL. Thinking I could open a restaurant there but I think I would prefer to that here LOL plates of food are about 4 times cheaper there no matter what category of food it is plus restaurants are over-saturated there so there is already to much competition. In my case I think I just will stay working here go every 3-4 months like I have been doing to Colombia for a week fresh getaways fucking bitches, drinking and having fun, plus its not like I am not getting pussy here in the states like I imagine its the case with other men here in this forum, but however I agree rhat I can't do 5+ Morboso sexy hooker orgies here in the states which I can easily do in Colombia LOL.
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01-03-17 08:49 #5
Posts: 4Done and dusted
This report right here makes my membership worth it. Thank you kind sir for the info. Colombia is indeed an amazing country.
Originally Posted by Routard [View Original Post]
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12-31-16 20:59
Regular Member
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12-31-16 14:49 #4
Posts: 3801Report of distinction
Originally Posted by Routard [View Original Post]
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12-31-16 07:36 #3
Posts: 5485I may need to pick your brain on some of these things.
I do have one very minor correction to make. If you shop around, many flights in Colombia are as cheap as 65,000 cop. For example, 1 way from Bogota to MDE is as low as $20, although you still need transport from Rionegro to Medellin.
Also, your bus prices are a bit high. Most are 25,000 pesos or less. They aren't really recommended unless you're heading someplace without an airport, or you want to try and enjoy the scenery.
My Colombian amiga and probably my future employer flies frequently around the country and pointed out the cheap fares. If all goes well, I'll be settling in sometime this coming spring.
Thanks for all the information.
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12-31-16 06:00 #2
Posts: 21Great information / Bravo!
Originally Posted by Routard [View Original Post]