{"id":9068,"date":"2017-12-12T11:31:58","date_gmt":"2017-12-12T11:31:58","guid":{"rendered":"http:\/\/progresomicrofinanzas.org\/?p=9068\/"},"modified":"2017-12-12T18:14:14","modified_gmt":"2017-12-12T18:14:14","slug":"9068","status":"publish","type":"post","link":"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/9068\/","title":{"rendered":"Recently incorporated companies"},"content":{"rendered":"
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The Bill 169-2017 Chamber promotes financial inclusion for recently created companies, encourages entrepreneurship and simplifies the paperwork involved in incorporating a firm in Colombia.<\/span><\/p>\n

The draft text makes it obligatory for financial institutions to design or adapt credit risk assessment policies and methodologies to include this type of company, that are legally incorporated firms that have been issuing invoices for between 1 and 84 months.<\/span><\/p>\n

It also provides that, during public contract processes, the financial capacity of these types of firms must be assessed on an individual basis.<\/span><\/p>\n

Innovative start-ups<\/b><\/p>\n

The Colombian government wants specifically to promote the development of start-up companies, by establishing a regulatory framework for crowdfunding models by creating incentives for these types of institutions. The aim is also to encourage job creation and an increase in competitiveness and wealth creation.<\/span><\/p>\n

Thus, Bill 142-2017 Senate complements Bill 169-2017 Chamber, by:<\/span><\/p>\n