In accordance with the National Development Plan and taking into account the importance of promoting foreign investment in Colombia for the purpose of reactivating the economy, the CONPES (Council of Economic and Social Politics) recently approved the issuance of a regulation project containing a new foreign investment statute. This statute would adopt a series of adjustments to the foreign investment regulation, in order to provide more reliability to foreign investors, and also simplify and facilitate the understanding of the regulation currently in force, thus maintaining the essential principles of foreign investment in Colombia such as universality, automaticity and equality in treatment.
