Important areas of law for investors in colombia 2018

[Oscar Flroez]

 After last August 7th, the date when our new president took office in Colombia, one part of his speech was clearly understood by real estate firms, the fact that most of the areas of law for investments have changed positively for a better adjustment. The only requirements for purchasing real estate in Colombia are foreign investment,  urban planning law, authorizations, land use, and environmental law. As for intellectual property rights, The SIC acts as the Colombian patent and trademark office which runs well and is the second fastest office in the world for  patent applications besides, Colombia ranked 53 out of 190 economies for ease of registering property, according to the 2017 Doing Business report, the same ranking it received in 2016.