Colombia has 5 million freelancers and a growing digital economy. The Código Civil and Ley 1231/2008 provide strong protections against late payment, including mandatory interest and compensation. But enforcement is limited, and many freelancers do not use these tools.
According to the DANE, Colombian businesses face average payment delays of 50 days, with some sectors (construction, retail) exceeding 70 days. The economic impact is estimated at $6 billion annually.
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