Reykjavik is 5 hours ahead of Bogotá
Best overlap: 8:00 AM to 1:00 PM in Bogotá is 1:00 PM to 6:00 PM in Reykjavik.
Your shared working hours run 8:00 AM to 1:00 PM in Bogotá (1:00 PM to 6:00 PM in Reykjavik). Roughly 5 hours of common time means scheduling is manageable; just avoid the very edges of the window.