Key facts

CapitalBogotá
Population 52,7 mil. (2025)
Area1 141 748 km²
Currency Colombian peso (COP)
GDP per capita 10 104 USD (2026)
Average net wage 345 USD a month (2026)
Time zoneUTC−5
Official languageSpanish
Dialling code+57
Domain.co
Worth knowingaccess to the Pacific and the Caribbean; OECD member
Colombia
High-rises in Bogotá’s Santa Fe district

Two oceans and the second-largest market

Colombia is South America’s second most populous country and the only one with access to both the Pacific and the Caribbean. It is an OECD member with a developed banking sector, and Medellín has gone from being a byword for violence to one of the region’s hubs for technology and startups.

For a European the appeal lies in a large domestic market, reasonable prices and a climate that in the highlands stays around twenty degrees all year. Bogotá and Medellín are both favourites with people working remotely.

What Colombia offers

  • A market of more than fifty million people.
  • Access to two oceans and proximity to the Panama Canal.
  • OECD membership and a developed financial sector.
  • A welcoming residence regime, including a remote-work visa.

What to watch

Security has improved enormously, but the differences between regions remain wide and the more remote areas have their problems. The tax system has been reworked several times in recent years and is fairly heavy; it pays to plan with a local adviser from the outset.

We help with entering the market, with setting up a company and with residence for you and your family.