Thursday, August 7, 2014

First American Realty Medellin Assists Foreigners With Income Tax Filings In Colombia

First American Realty Medellin is a well established and popular foreign investment company based in Medellin. We offer foreign companies, visitors, investors, and clients a plethora of affordable services, comprehensive knowledge, and professional contacts and guidance to help clients interested in working, investing, visiting, or living in Medellin.

Over the last 8 years, we have been offering top of the line services related to property management, property appraisals, guided tours, expat taxes and accounting, business solutions, visas, import and export, private security, Spanish language services, shipping or freight, securities brokerage, and much more.

We also assist our foreign investors with buying or selling businesses and commercial or residential real estate in Medellin. Foreigners who own businesses or have made an investment have also utilized our expertise regarding income tax filings in Colombia. Individuals from another country who are working or investing in Colombia will have to file for Colombian taxes as well. We can provide accounting assistance to foreigners in the following areas:

  • Tax filing for foreign investors involved in revenue generating corporations and projects, and for property owners who are receiving rental income
  • Year-end tax filing for property in the name of our customers or for any wages or income obtained in Colombia
  • International income tax filing for individuals living in Colombia
  • Human resources accounting suggestions for employee pay and benefits
  • Complete tax filing and accounting to DIAN

We also have a team of professionals who can assist you in the process of obtaining Colombia mortgage information. It is very difficult to obtain mortgages even for native Colombians. Therefore if a foreign investor wishes to finance properties with a mortgage he or she must have a long term credit record in the country, such as through prior property ownership. Buyers will need at least a 30% down payment, with mortgage repayment terms over 5-20 years, with fixed rate mortgages ranging from 10-12%.

If you are looking for a property for sale in Colombia, then please reach out to us at (574) 312-5473, or can visit our website at http://www.firstamericanrealtymedellin.com.

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