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2024 Legal Index for Making Business in Colombia
By Vera Abogados
ProColombia, the government agency responsible for promoting Colombia's economic growth and international image, presented the 2024 Legal Index for Making Business in Colombia.
The Index has an Intellectual Property chapter about the Colombian regulation that guarantees the protection of the creations of the human intellect, as well as the rights granted to their creators, and the processes and fees for their granting. This includes the treatment of copyrights, trademarks, patents, utility models, industrial designs and the obtainment of new plant varieties, among other forms of intellectual property contained in Colombian regulations and applicable international instruments.
Colombia has the third largest population in Latin America with more than 52 million inhabitants and the fourth largest economy in the region, with a diverse economy from multiple sectors that are key to economic development and investment attraction in the country. At the same time, thanks to its extensive network of free trade agreements, it offers access to more than 60 countries with more than 1.5 billion consumers.
Likewise, the country's cultural and natural wealth, as well as the favorable environment for a favorable investment climate, are in line with the attraction of sustainable foreign investment, mainly through productive bets aimed at a fair energy transition; agribusiness and food security; and the reindustrialization of the health, defense and life sectors.
According to PorColombia, the nation's goal "is to promote a knowledge-based, productive and sustainable economy that stimulates new value chains, ensures technology and knowledge transfer, generates qualified employment and development for small and medium-sized companies in each region, in view of which opportunities for doing business are increasingly broader."
Vera Abogados
VERA ABOGADOS ASOCIADOS S.A.-, is a Colombian law firm with specialized lawyers, Founded more than 40 years ago, by Jorge E. Vera Vargas, Doctor in Law and Political Sciences of the La Gran Colombia University in Bogota D.C., Colombia. At present, with principal offices in the city of Bogota D.C., and offices in the cities of Cali, Medellin, Barranquilla, at national level, and at an international level in Ecuador and Panama.
The Firm is today a reference in the Andean Community, and it makes part of important international affiliations such as PRAGMA, EEIG. International Network of Law Firm, The International Trademark Association (INTA), Asociación Interamericana de Propiedad Industrial (ASIPI), Associação Brasileira da Propriedade Intelectual (ABPI), and the Chamber of Industrial Property Agents of the Republic of Argentina(CAPIRA).
VERA ABOGADOS ASOCIADOS S.A. offers professional services to prestigious Colombian and foreign companies in the following juridical areas: Industrial property, Trademarks, Patents, Copyrights, New Technologies, Disloyal Competition, Commercial Practices, Sanitary Rights, Community Right, Administrative law, Tax Law, Corporate Right and Foreign Investment and Business Rights.
The Firm offers of equal way a service of integral consultancy in Foreign Commerce, Business administration, Finance and Accountancy. The team is made up of specialized lawyers in each of the workspaces and expert multilingual professionals (Spanish, English and French) that respond with efficiency and competitiveness to the needs and demands of our customers around the world.