Alongside traditional sectors such as agriculture, mining for gold and emeralds, petrochemicals, coffee and textiles, there is strong growth in other areas, emphasising innovation and technology. These include remote technical services, e-commerce and cybersecurity. Tourism is expected to be another sector set for growth.
The opportunities are there and increasing in number, but they come with challenges – and payroll management in Colombia is among the most demanding. Whether your company is planning to move staff abroad or hire employees in the new territory, you cannot risk making mistakes operating in Colombia’s complex payroll and income tax regime – it could cost you time and money.
There is an alternative and more straightforward route. Bradford Jacobs’ will navigate around these potential pitfalls effectively and efficiently thanks to our Professional Employer Organisation (PEO) services.
We recruit the staff in-country and then implement our comprehensive knowledge of tax and payroll regulations. As part of our service, Bradford Jacobs files returns and remits associated payments for tax and social security contributions directly from our payroll system to the relevant authorities. Your new staff members can be up-and-running in days rather than weeks or months to establish a legal entity in the country.