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Colombia

POPULATION

49,336,454

LANGUAGES

  1. Spanish

COUNTRY CAPITAL

Bogota

CURRENCY

Colombian peso (COP)

Everything you need to hire in Colombia.

EOR Overview Thumbnail

Employer of Record in Colombia.

G-P’s employer of record (EOR) model allows your company to start hiring talent in minutes via our global entity infrastructure. Unlike a Professional Employer Organization (PEO), G-P allows your company to expand your global footprint without the hassle of entity setup and management.

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18

Holidays per year

47 hours per week

Working hours per day or month

Payroll Overview Thumbnail

Payroll in Colombia.

Colombia is known for the Sierra Nevada de Santa Marta as well as the Andes range and the capital, Bogota. Although it is a growing area to do business, Colombia employment laws strongly favor employees. When you establish Colombia payroll, you’ll need to have a strong understanding of these laws before you hire employees, add them to the payroll, and start operating your subsidiary.

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Hiring in Colombia flagColombia.

Employers need to put together a strong team in Colombia to establish a company. However, recruiting and employing employees in Colombia also means meeting all employment laws to stay compliant. Here are a few things employers need to know about the employee hiring process.

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Compensation & Benefits in Colombia.

Compensation and benefits management in Colombia can be complex without the right preparation and local expertise. Employers are required to give employees several standard benefits. Other supplementary benefits are not mandated by law but are expected by employees and can attract top candidates to your open positions. You can choose to learn the regulations related to Colombia benefits management on your own, or you can work with an Employer of Record (EOR) like G-P to stay compliant and save valuable time and resources.

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COP 1,160,000 per month

Minimum wage per month

15 days

Annual vacation leave (min)

COP 1,160,000 per month

Minimum wage per month

15 days

Annual vacation leave (min)

Colombia Subsidiary.

Establishing a subsidiary in Colombia is one way to grow your company in the region. However, following all Colombia subsidiary laws is important to stay compliant. The entire subsidiary setup process can take months, leaving employees you want to hire to search for different positions.

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Colombia Subsidiary
Work Visas and Permits GuideAn illustrative card displaying information about work visas and permits, including visa types, requirements, and the application process.Work visas & permits inColombia

Colombia Visas & Permits.

Colombia’s economic growth makes it an attractive location for companies looking to scale in South America. If your company is taking advantage of this opportunity, you’ll need to obtain Colombia work visas for all international employees. However, not all companies have the time or expertise to efficiently get a work visa in Colombia.

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Colombia Contractors.

From a diverse talent pool to an abundance of specialized industry expertise, Colombia can offer a range of advantages for companies hiring independent contractors. Consider some best practices for engaging contractors to handle various projects.

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Disclaimer

THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). G-P does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect G-P’s product delivery in any given jurisdiction. G-P makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.

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