• The business services offered in the region and accessibility to markets, make of Buga an excellent alternative for the settling of companies with special requirements in management, distribution, and transportation of packaged goods and in bulk.
• This is reflected in the number of logistics supplier companies (transport and storage) present in the central-south region of Valle del Cauca and especially in Guadalajara de Buga, which possess 77% of them.
• Companies specialized in cargo road transport are mostly constituted as a natural person, followed by the foreign type agency and commerce, and limited societies and simplified joint stock.

• Guadalajara de Buga has insurance coverage for contributory schemes, subsidized and special of 94,30%, very close to the national margin that is 94,88%.
• The intermediate determinants of health for Guadalajara de Buga are way above the national and state average, the main coverage and rural area in on-site pipe water is 96,9%, sewage of 93,9% and electricity 98,58%.
• The city counts with 12 public and private establishments as clinics and hospitals with an Internment capacity of 2,72 beds (adult, intensive care and intermediate care) for every 1000 inhabitants, they generate 238 direct jobs and total sales of 25.7 thousand million pesos in 2017.
• Additionally, these companies count with a complimentary service network (diagnostics support, opticians, pharmacies, dentistry, and esthetic centers) that go over 400 establishments. They employ about 175 people and made annual sales for 27.948,7 thousand million pesos.

Guadalajara de Buga has pioneered in the implementation of the single school day and of the Educational Citadels model, presence of higher education private and public institutions, besides a great number of training centers for work and human development; such offer allows companies and entrepreneurs count with staff with specific or transversal labor competencies related to occupational fields according to the productive initiative of the region-city.

It offers programs of in- person professional training (Business administration) and long distance (psychology, technical training in Industrial electromechanical maintenance) and post-graduate degrees (public administration, systems audit, financial management) and masters (healthcare economy, international economy, financial and tax management), its premise is to strengthen the link university, company and state and the satisfaction of the education community, holding a competitive academic and administrative staff.

The business network of Guadalajara de Buga and the nearby municipalities is solid, boosted by the commerce, services and manufacturing industry sectors. Similarly, the permanence of companies in the territory is very important, now that they are indicative of the fact that the city inspires trust in investors, offering them a dynamic growing stable environment.

With the issuance of the decree 410 of 1971 – With the code of commerce that began on January 1st of 1972, is created the Mercantile Registry, since that date in Guadalajara de Buga have settled important companies that are currently still working from the city, such as Almaviva (storage service company of national operation) that still remain in the business field.

Presently there are 41 companies whose mercantile registry dates from more than 35 years of permanence. This number has been increasing alongside with the number of companies registered in other Neighboring cities.

Nevertheless, there are companies whose construction was carried out before the application of the code of commerce (1972) which support its existence through public deed registered in notary, such as the cases of Cecilia Payan – Dulces del Valle, Solla and Grasas among others.

The next are the fees of the public registration that will be applied from January 2nd of 2019.

Such were calculated according to the monthly legal minimum wage set by the national government for the year 2019, whose amount is $828.116 COP.

*Click on the image to enlarge

Municipal resolution 03 of March 30th of 2016

Tax incentives to promote investment, economic development and employment generation

Incentives for foreign investment in Colombia

* If 20% of the hired staff are persons with disabilities, Women who are heads of households, ethnical group or minorities aged over 35 years old, vulnerable groups, professionals and youngsters from Guadalajara de Buga.
SMMLV: Legal Minimum Monthly Salary Effective.

• I+D Incentives:
  

   

  • Deduction of income tax equivalent to 175% of the invested value in technological I+D, it must not exceed 40% of the net income.
  • VAT exemption to the importation of equipment used by I+D centers endorsed by Colciencias.
  • Resources received for financing scientific projects, technological or innovation entries are exempt of income tax.
  • Protection to the industrial property adjusted to international standards.

• Other tax incentives for the exportation of goods, capital, and spare parts and services.

• Incentives for formalization and employment generation:incitement to new job positions reached by young workers with appropriate training level linked to the vacant subsidized by the company.

• Discount in the income tax and Complementary of the Parafiscal Contributions and other contributions of the payroll to new jobs (it doesn’t include jobs generated by replacements or business merging).

• Incentives to the investment and legal security for the investors:
  • Agreements of protection of investment and agreements to avoid double taxing with the main business partners.
  • Deduction of income tax equivalent to 175% of the investment in projects of research and technological development.
  • Exemptions of income tax to several sectors.

Guadalajara de Buga is considered one of the principal touristic destinations of Colombia. The sanctuary of Señor de los Milagros (Lord of miracles) brings about three million visitors annually to take part in religious activities, explore religious art, historical and cultural patrimony. This strength granted for Buga belonging to the Touristic Net of Patrimonial Cities, integrated just by 17 cities of Colombia.

This touristic positioning joint to its location, communication roads, hostelry capacity and the level of organization have allowed Buga the consolidation as an axis of touristic routes of the region. From Buga, different tours can be programmed to know, make and enjoy the attractive activities and services of Valle del Cauca.

Green destination or “Destino Verde” It includes the offer of recreational activities of the Township of Alaska in the middle rural area of Guadalajara de Buga.

This initiative is part of the rural tourism development project “Destino Paraíso”, which covers the central area of Valle del Cauca.

In Buga take place several and diverse cultural events with a permanent agenda of activities for the spreading of art and universal cultures aimed to all audiences, keeping as main scenery the municipal theater of Buga, the squares and piazzas of the historical center and other locations in the city. It includes concerts in all expressions, among them classical music, rock, jazz, gospel, carols, and Colombian folklore and from other countries, also the presentations of plays, poetry slams, modern dancing, painting exhibits, which are organized including formative activities in open workshops for different audiences.

Other events and activities

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