Colombia’s Central Bank adjusts registration of substitution and cancellation of international investments

Bulletin No. 22 of August 25, 2026 amended External Regulatory Circular DCIP-83 regarding the registration of substitution and cancellation of international investments.

The essentials in 6 points

1. What was adjusted: the registration procedure for the substitution and cancellation of international investments.
2. Nature of the change: it incorporates the provisions of Decree 1044 of 2026 into External Regulatory Circular DCIP-83, adjusting the procedures for substitution and cancellation of international investments.
3. Who it applies to: both direct capital investment from abroad into Colombia and Colombian investment abroad.
4. Scope: the new provisions apply to registrations of international investments, initial or additional, as well as their substitutions and cancellations, regardless of the date the transaction was carried out.
5. Why it matters: proper registration of international investments is relevant for exercising the FX rights associated with the investment and for compliance with foreign exchange regime obligations.
6. What to do: anyone with an ongoing substitution or cancellation of international investments should validate the applicable procedure under the updated Circular before effecting the corresponding registration with the Central Bank.

Our recommendation

Before effecting a registration of substitution or cancellation of international investments, review the updated procedure against the text of the Circular. At T&C we assess your specific case and support the registration with the Central Bank.

Source: Bulletin No. 22 of August 25, 2026, Board of the Central Bank of Colombia.