Medellín · Colombia
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Colombia × Payments, Foreign Exchange & Settlement
Payments, Foreign Exchange & Settlement in Colombia
Moving money between markets: payments, currency and settlement. In Colombia, that means local law, local regulators and local practice, handled by a qualified professional who practises there.
Who handles this work
On request
WONE Global can find the right Payments, Foreign Exchange & Settlement professional in Colombia for you.
No WONE Global Partner holds this yet. Send us your requirement: WONE Global confirms whether a vetted Associate firm can act, tells you who it is and checks for conflicts before any work begins.
Bring a requirement →Colombia at a glanceLatin America
Bogota · Tuesday 3 November
15:44
Local time
- Currency
- COP
- Working week
- Monday – Friday
- Dialling code
- +57
- Region
- Latin America
What the rules say in Colombia
Payments, Foreign Exchange & Settlement, the essentials
From the Colombia market guide: the points that matter most for payments, foreign exchange & settlement, each with the source it was checked against.
Essentials guide · Source-checked research61% of statements checked against a source9 checked against an official source26 checked against a secondary sourceChecked 2026-10-196 held back until checked against an official source10 topics include AI-written statements, not source-checkedNot yet professionally reviewed
Foreign direct investment must be registered with the Banco de la República to secure exchange rights such as repatriation of profits and capital.
Capital contributions by non-residents to Colombian companies; for investment in foreign currency, registration is made by channelling the funds through an exchange market intermediary, generally a commercial bank, which submits the report.ProColombia (Invest in Colombia) · checked 2026-10-19Certain operations must be channelled through the exchange market via an exchange intermediary or a compensation account registered with the Banco de la República: imports and exports of goods, foreign debt and its costs, foreign investment in Colombia and Colombian investment abroad and their returns, foreign financial investments, foreign-currency guarantees and derivatives.
Operations not on the list, such as many cross-border services, need not be channelled.Asuntos Legales (article by María Alejandra Medina Pulido, Posse Herrera Ruiz) · checked 2026-10-19Registering foreign investment with the central bank gives access to the formal exchange market to remit dividends and repatriate the investment.
Subject to tax and timely registration; penalties may apply for failed registration.Chambers and Partners (Baker McKenzie S.A.S.) · checked 2026-10-19
Read the full guide: Banking, payments and capital
Scope
What the service covers here
- 01Map payment and collection flows
- 02Identify foreign-exchange exposures
- 03Review settlement and banking constraints
- 04Put workable cross-border payment arrangements in place
Key questions
What we will work through with you
- What needs to be decided before payments, foreign exchange & settlement work starts?
- Who is professionally responsible in each country?
- Which other work, such as tax or employment, must happen at the same time?
- What information and decisions are needed from the business?
If your work involves another country or another area of expertise, WONE Global brings in the right professional and keeps all advisers informed.
WONE Global Partners in Colombia
Professionals working here
No named lead for Payments, Foreign Exchange & Settlement yet — these WONE Global professionals already work in Colombia and can bring the right local colleague in.
Medellín · Colombia
Bogotá · ColombiaWONE Global Partner · Colombia
Katherin Diaz Velilla
Complete profile
International tax attorney and strategic advisor with 12+ years across Colombia's DIAN, Ministry of Finance, Senate, Presidency, and EY. Co-founder of V&V Asociados. Specializes in cross-border tax structuring, transfer…
Also in Colombia
Other services in this market
Appointed services show their named professional. Open positions link directly to the Expression of Interest form.
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Cases
What clients bring to Payments, Foreign Exchange & Settlement
The cases this service leads or joins, each with what is at stake, how WONE Global handles it and who handles it in Colombia.
How do we pay overseas suppliers safely and cheaply?Payments, FX, digital assets & treasuryOur international payments keep getting delayed or rejected. Why?Payments, FX, digital assets & treasuryCurrency swings are eating our margins. How do we protect ourselves?Payments, FX, digital assets & treasuryA stablecoin payment raises regulatory and tax questionsPayments, FX, digital assets & treasuryA foreign counterparty has sent funds to the wrong accountPayments, FX, digital assets & treasuryWe want independent review of treasury controlsPayments, FX, digital assets & treasuryA digital wallet operator has received a compliance noticePayments, FX, digital assets & treasuryUrgent Our bank has frozen an international payment. What can we do?Payments, FX, digital assets & treasuryWe want to start exporting to a new country. Where do we begin?International trade, customs & sanctionsHow should we price and invoice customers abroad so we actually get paid?Contracts, commercial disputes & collections
Every case involving Payments, Foreign Exchange & Settlement →
WONE Global Intelligence
Ask about payments, foreign exchange & settlement in Colombia
Ask in your own words. Answers come from WONE Global's checked records, with every source shown, and end with the named Partner who can act. Go deeper on any point, or build a decision file.
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