Starting a Business in Medellin?

Janneman says on May 23, 2007, 05:09:

Good subject.. I wonder the same thing.. I hope this will result in some good answers about the profesionalism of the small/middle sized-businesses in Medellin.
Please keep the cynisme out of it.

0 funny, 0 helpful.

cayita says on May 23, 2007, 06:10:

Colombia is one of the easiest countires in SA to "start" a business and one of the worst when it comes to the filings you have to submit on an ongoing basis. Be prepared to hire someone to keep up with all these filing for you. Depending on what type business you open it can be a nightmare if you don't have professional help. The surpises will come and the penalties you will pay for your ignorance of them will put you out of business.

DO NOT be under any illusion that opening and maintaining a business here is like opening one in the states. It absolutely is not.

0 funny, 0 helpful.

lizettie says on May 23, 2007, 16:55:

Thanks to those who were helpful.

I'm Colombian and my husband is Dominican, but his spanish is getting clearer. My spanish is good.

Other than the paperwork, what else may be involved in opening up a business there... If you need capital, are the banks a good place to go to?

0 funny, 0 helpful.

vicshere says on May 23, 2007, 17:03:

liz do a site search with my name vicshere .....I and others have written much about this subject....in short its not an easy ride for a north American to run a business here...some do well but many many others kick the bucket trying

listo

listo

0 funny, 0 helpful.

Janneman says on May 23, 2007, 17:04:

at cayita Filing in Holland/Europe was untill a few years ago a time consuming activity too. I cannot see what will in South-America generate more paperwork?

I wonder more if companies deliver on time, pay in the agreed time ?

0 funny, 0 helpful.