Please find the most recent information by visiting the following link: https://www.bizlatinhub.com/create-sas-in-colombia/ Doing Business in Colombia - Provided is a detailed guide on the process for incorporating a company in Colombia, including information on the types of companies in Colombia, the duration to form a company in Colombia, information about the initial capital requirements for a new legal entity in Colombia and other key requirements for establishing a company in Colombia. Furthermore, the steps on how to form the most common type of company in Colombia and to open a corporate bank account are provided. Proudly provided by the Biz Latin Hub Group - www.bizlatinhub.com - Latin America´s leading provider of Market Entry and Back Office Services in both English and Spanish

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COLOMBIA

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How to Form a
company in Colombia
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How to Form a Company in Colombia
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4. 7 STEPS
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How to Form a Company in Colombia
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The majority of companies that are set up in Colombia are Simplified
Stock Companies (SAS).
This presentation will outline the process of setting up of a:
How to Form a Company in Colombia
There are number of different legal
structures you can choose from when forming
your company:
-Limited liability companies
-Corporations
-Simplified stock companies
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STEP 1- Choose the Type of Legal
Structure for Your Business
Needs
Simplified
Stock
Company*The appropriate one for you depends on your business needs

6. How to Form a Company in Colombia
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• Yes
Is Foreign Ownership Allowed?
• Yes
Can Company Sponsor Foreign
Employees?
• Zero
Capital Controls
• 2-3 weeks
How Long Does It Take? (Including
Bank Account)
• Zero
Minimum capital?
• Yes
Requires a Fiscal Address and Legal
Representation?
• Colombian Pesos
Currency
• 1
Min number of Shareholders
Key Considerations When
Forming a Company in Colombia
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7. STEP 2- Power of Attorney
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Get the ball rolling…
-You need to draft a document in which you state and grant
the full faculties to one of the attorneys in order to
incorporate the company in Colombia.
-This means official presentations before national
authorities, drafting, filing, etc.
-If you are outside the country, you can sign the documents
in an approved location (embassy or consulate).
-You will also have to carry out a search for your company
name and get it officially approved.
How to Form a Company in Colombia
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8. STEP 3- Filling the
Corporation Survey
How to Form a Company in Colombia
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• Companies in Colombia are created through bylaws.
•For this, you should fill the Corporation Survey in order
to establish all the particularities that you want to be
stated in the bylaws. These include name of company,
social objects, amount of capital, administration, legal
representation, share and acquisition of shares, powers
and limitations etc.

9. STEP 4- Bylaws
Define what your company will do…
• Depending on the type of company you want to create,
the elaboration of the bylaws can be completed by deed
or a private document.
How to Form a Company in Colombia
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10. STEP 5 - Registration
Just a formality…
-As a formalization in Colombia, all the corporations need
to be registered before the Chamber of Commerce.
-This entity has a fee for corporations which depends on
the amount of money you declare as share capital.
-The Chamber of Commerce takes 24 hours to check all
the information (legal representative, social purpose, etc.)
How to Form a Company in Colombia
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11. STEP 6- Tax ID Number
It is quicker than it sounds..
•Tax ID: This is a number issued by the Direction of
Taxes and Customs of Colombia (DIAN) that gives you
an identification for tax paying purposes.
•The Chamber of Commerce will share your information
with DIAN; The DIAN can issue the Tax ID to the
company immediately, saving you time and money.
•However, sometimes the Chamber of Commerce forgets
this step so you need to go personally to the DIAN to get
the Tax ID.
How to Form a Company in Colombia
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12. STEP 7- Ready to Start
Business!
Almost there…
•If the Chamber of Commerce does encounter any
problems or mistakes, they will inform you that the
company is registered and ready to begin operations.
How to Form a Company in Colombia
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13. DO NOT FORGET!
All Companies in Colombia require…
How to Form a Company in Colombia
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A LEGAL REPRESENTATIVE
Must be a Colombian national, or a foreign national
with the legal right to live and work in Colombia.
A FISCAL/ DOMICILE ADDRESS
An address as part of the company
registration
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Can provide these
services!

14. We Can Help!
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Biz Latin Hub is a
market leader in
helping local and
foreign companies to
successfully do business
in Latin America
For more
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please contact
Craig at
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services that are:
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- Tailored colombia@bizlatinhub.com
How to Form a Company in Colombia

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