What is Hotel and Tourism Infrastructure?
This subsector includes the construction and operation of hotels, as well as agencies to promote tourism and the sale of tourism and recreation services. The hotel and tourism infrastructure sector is essential for the country, as Colombia is considered a unique destination thanks to its megadiversity, variety of climates, cultural richness, the warmth of its people, and its tourist attractions, which allow foreign visitors to enjoy unparalleled experiences in all regions of the country. Among the foreign investment alternatives currently available in the country are:
Ecotourism: This activity allows investment in hotel infrastructure in rural areas, taking advantage of Colombia's natural biodiversity.
Glamping: It is possible to invest in outdoor camping experiences without sacrificing the comfort and amenities of traditional hotel accommodations.
Eco Luxury: This option includes the opportunity to build ecolodge-style hotels.
Urban hotels: These types of investments provide opportunities for activities ranging from economy to luxury, and services can also be focused on the youth, corporate, vacation, or senior living markets.
Entertainment: This is an opportunity to build theme parks, entertainment centers, and event venues.
Sun and beach: This alternative includes the development of all-inclusive resorts and luxury hotels.
Tourism infrastructure: This includes opportunities for the construction of tourist piers, nautical bases and marinas, and infrastructure for bird watching, among others.
Why invest in hotel and tourism infrastructure?
Government policies have established new economic growth laws, offering preferential income tax rates for hotels, theme parks, agrotourism, ecotourism, and new docks, which is a great advantage for foreign investment, as follows:
In municipalities with fewer than 200,000 inhabitants, the income tax rate will be 9% for 20 years, and this incentive will remain in effect until 2029. On the other hand, for cities with more than 200,000 inhabitants, this 9% tax incentive will apply for 10 years and will remain in effect until 2023.
Another distinguishing factor of the country is that it has 13 international airports and is located less than 6 hours from the main cities of the American continent, thus benefiting foreign capital investment with high rates of return on investment.
*Please note: for specific information on each subsector, see the procedures for Pre-operational Licenses and Infrastructure Construction.
The other procedures in the investment cycle—Company Creation, Real Estate Purchase, Migration, and Hiring Personnel—are cross-cutting and standard for all investment subsectors.
Formalities and administrative procedures to be carried out:
Here you can consult each of the steps and requirements for Infrastructure construction