Expatriation Colombia - tax comparison
πŸ‡¨πŸ‡΄

Colombia

VS
Expatriation United Kingdom - tax comparison
πŸ‡¬πŸ‡§

United Kingdom

Colombia vs United Kingdom

Complete comparison for your tax relocation

Data up to date as of January 15, 2025
Top income tax bracket
39%
πŸ‡¨πŸ‡΄ Colombia
vs
45%
πŸ‡¬πŸ‡§ United Kingdom
Monthly cost (single)
600 €
πŸ‡¨πŸ‡΄ Colombia
vs
1β€―800 €
πŸ‡¬πŸ‡§ United Kingdom
Safety
4/10
πŸ‡¨πŸ‡΄ Colombia
vs
5/10
πŸ‡¬πŸ‡§ United Kingdom

Taxation

πŸ‡¨πŸ‡΄Colombia
πŸ‡¬πŸ‡§United Kingdom
Top income tax bracket39%45%
Corporate tax35%25%
Capital gains15%24%
VAT19%20%
Tax treaty with FranceYesYes
Special regimeNoneNone
Wealth taxYesNo
Territorial taxationNoNo

Cost of living

πŸ‡¨πŸ‡΄Colombia
πŸ‡¬πŸ‡§United Kingdom
Monthly cost (single)600 €1β€―800 €
Monthly cost (couple)1β€―000 €2β€―900 €
City center rent400 €1β€―600 €
Outside city rent250 €1β€―000 €
Private health insurance40 €0 €
Public healthcareAccessibleAccessible

Estimated total monthly budget (single, with city center rent)

πŸ‡¨πŸ‡΄ Colombia1β€―000 €/mo
πŸ‡¬πŸ‡§ United Kingdom3β€―400 €/mo

Colombia is approximately 2β€―400 € cheaper per month in total.

Quality of life

πŸ‡¨πŸ‡΄Colombia
πŸ‡¬πŸ‡§United Kingdom
Average temperature24Β°C11Β°C
Safety4/105/10
Health index69/10073/100
Internet40 Mbps100 Mbps
Timezone vs Paris-6h-3h
French-speaking communityVery smallLarge
LanguagesEspagnolAnglais
CurrencyPeso colombien (COP)Livre sterling (GBP)
Corruption index40/10071/100
Democracy index6.72/108.54/10

Settling in

πŸ‡¨πŸ‡΄Colombia
πŸ‡¬πŸ‡§United Kingdom
Residence permit delay3 months6 months
Company creation11 days5 days
Bank accountModerateModerate
Political stability4/108/10
Ease of business67th worldwide8th worldwide

Summary

πŸ‡¨πŸ‡΄

Colombia

  • Top IT: 39% | Corp. tax: 35%
  • Cost of living: 600 €/mo
  • Safety: 4/10 | Health: 69/100
View full profile Colombia β†’
πŸ‡¬πŸ‡§

United Kingdom

  • Top IT: 45% | Corp. tax: 25%
  • Cost of living: 1β€―800 €/mo
  • Safety: 5/10 | Health: 73/100
View full profile United Kingdom β†’

Comparative analysis: Colombia vs United Kingdom

Which country has lower taxes?

Both countries are fairly close on taxation. Income tax reaches 39% in Colombia and 45% in United Kingdom. Corporate tax is 35% and 25% respectively. Capital gains are taxed at 15% in Colombia versus 24% in United Kingdom.

Which country is cheaper to live in?

The cost of living is lower in Colombie. A single person spends about 600 EUR/month excluding rent, compared to 1β€―800 EUR/month in Royaume-Uni. City center rent averages 400 EUR versus 1β€―600 EUR.

Which country is safer?

Royaume-Uni scores higher on safety (5/10 versus 4/10). In terms of healthcare, Royaume-Uni leads with an index of 73/100 compared to 69/100 for Colombie.

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Disclaimer

The tax information presented is based on estimates from public sources (PwC, OECD, government sources). It does not constitute tax or legal advice. Tax rules change regularly and your personal situation may significantly affect the calculation. Consult a qualified professional before making any relocation decision.