meta_id 3392668

On August 5, 2026, the Ministry of Finance and Public Credit of Colombia issued Decree 1044 of 2026, amending Decree 1068 of 2015 , the Single Regulatory Decree for the Finance and Public Credit Sector, in relation to the registration of changes in holders, destination or recipient company of international investments, and the cancellation of such investments. The amendment eliminates the six-month deadline that previously applied to the registration of changes in the holders, destination, or recipient company of an international investment, and to the cancellation of investments. Under the prior framework established by Decree 119 of 2017 , failure to register within that period constituted an exchange infraction attracting sanctions of up to 200% of the proven infraction amount under Decree Law 1746 of 1991. Key provisions include: Open-ended registration: Investors and their attorneys-in-fact must present to the Banco de la República, at any time, a registration declaration covering initial or additional investments, changes in holders, destination or recipient company, or cancellations. Recipient companies may equally file registration declarations for their investors' investments, changes, and cancellations at any time. Registration procedure: Initial and additional investments that include changes in holders, destination, or recipient company, and the corresponding cancellations, are considered registered upon submission of the declaration in the form and conditions determined by the Banco de la República. For investments channelled through the foreign exchange market, the corresponding exchange declaration serves as the registration declaration. For investments without foreign exchange channelling, registration is carried out in accordance with procedures established by the Banco de la República. The Banco de la República may also establish special registration procedures based on the nature or class of the investment or the transaction or acquisition mechanisms involved. Tax obligations unaffected: The amendment does not modify the formal tax obligations of investors relating to income tax declarations arising from changes in ownership of foreign investments and indirect disposals under Decree 1625 of 2016 . The National Tax and Customs Directorate (DIAN) may require investors or their representatives to produce evidence of registration with the Banco de la República for tax compliance purposes. Retroactive application of the favourability principle: In exchange infraction proceedings currently underway, the modifications introduced by this Decree must be taken into account in accordance with the principle of favourability. The decree takes effect the day following its publication in the official gazette.