Banking and Wire Transfers for Expats in Colombia
Receiving international payments into Colombia can be a challenge. Whether you are receiving the transfer as an individual or a business will determine the options available to you as well as the steps you will need to take to complete the process. However, regardless of your situation, we are here to guide you throughout those steps.
When it comes to receiving funds into your business account or receiving individual transfers directly into your individual bank account, things can get a little more complicated.
Simply put, you will need to register your wire transfer with the central bank, negotiate the exchange rate to Colombian pesos, and properly fill out a variety of forms in order to legalize the transfer. Here at USATax.co we have the experience required to assist our clients with all forms of banking and wire transfer needs and complete this entire process on your behalf.