Stock Plans in Colombia
Summary Table
(Updated as of August 2024)
In general, Colombia is a relatively straightforward country in which to offer stock compensation plans. There are no securities filing or foreign exchange requirements, other than the registration of the shareholding by the participant with the Bank of the Republic.
Care should be taken with the labor law issues; the documentation should clearly state that the awards are being granted by a foreign parent company and not the local employer, if that is the case.
The employer is required to report income and withhold income and social taxes through payroll.
Overview of Stock Plans in Colombia
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