Better make sure you take Kidnap and Ransom insurance www.hiscox.com/ify/Kidnap.asp out if you by a domain name in that country don't want to have to pay for the Control Risks Group www.crg.com to come rescue your name
But to answer your question go here /www.nic.co you will find they can only sell .com.co, etc and not .co names also I think you need to have someone in the country to be able to buy one, but not 100% on that as it's not in English.
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