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By: Daniel Villarreal
Lawyer - Commercial and Corporate Law

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Colombia’s Minister of Finance and Public Credit Recognized as the best in Latin America.

Colombia’s Minister of Finance and Public Credit recognized as the best Minister of Finance in Latin America by the important magazine LatinFinance.

Colombia’s National Government extended the measures of import and export programs.

Colombia’s national government reinforces the Special Import and Export Systems programs by extending its application until December 31st of 2023.

Modification of the Resolution regulating the Ultimate Beneficial Owner Registry – (RUB, per its acronym in Spanish).

Resolution 00037 of March 17, 2022, amended the following articles related to Ultimate Beneficial Owner report (UBO):

• Article 4. Parties obliged to provide information about UBO.
• Article 10. Timeline to provide information about UBO.
• Article 13. Registration before the Identification System of Structures without legal capacity or similar.

If you are interested in this newsflash we have compiled the modifications of Resolution 37 of March 17, 2022 regarding UBO reporting.

Colombia’s GDP variation for January was 7.79% compared to January 2021, according to the Economic Monitoring Indicator (ISE)

Colombia’s GDP grew in January 2022 by 7.79%, on average, compared to January 2021.

Projections of Intervention Rate, Inflation and Representative Market Rate according to Colombia’s Central Bank.

Colombia’s Central Bank changes expectations on inflation and representative market rate for the Colombia peso against a US dollar.