Long time ago, years ago, when there was talk of investing in real Colombians in Panama City and Miami, it was suspected that some of that money came from drug cartels. But the reality is that today Colombian investments abroad are many, legitimate and growing faster and faster.
Colombian companies are opening their wallets, buying companies abroad and investing in sectors such as electricity, credit cards and banks and oil industries.
In Bogota, the president of the National Association of Financial Institutions, Sergio Clavijo, said that one of the biggest reasons Colombians are deciding to invest their money outside the country is because the high taxes at the local level.
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