News: Registration of Company in Colombia

Registration of companies in Colombia

The experts of Law&Trust International offer full assistance to natural persons and legal entities tending to register company in Colombia. The country does not belong to the number of offshore jurisdictions and introduces certain percentage of the tax rate for both local founders and foreign businessmen.

Nevertheless, the extension of the company to the territory of the state will allow increasing profit by attracting new target audience and improving the reputation of the company.

Colombia has signed the Hague Convention and signs more and more agreements on the prevention of double taxation. The country's economy attracts increasing number of investments, and over the past 20 years, the state's GDP has grown fivefold, which indicates great development trend.

Registering company in Colombia: Types of incorporation

For local and foreign founders, the most cost-efficient is the establishment of business in two organizational and legal forms, namely: representative office and SAS. The type of company should be determined in advance, because the package of documentation required for collection depends on it, as well as the requirements for the founder can vary.

SAS

The abbreviation is similar to LLC (limited liability company). The founder can be either natural person or businessman from any state.

The registration conditions are completely loyal:

• There are requirements for minimum authorized capital: it shall equal to 500 thousand pesos or more;
• The director and shareholders should not be engaged in financial fraud, their citizenship, age, working experience and miscellaneous conditions are irrelevant for the representatives of Colombia;
• There are no requirements for the residency of the company's management.

Our experts are not only aware of the procedure of registration of  company in Colombia, but will also provide assistance at all stages of the procedure. Establishing LLC in different parts of the world is one of our main tasks.

Representative office of foreign company

Registration of company in Colombia in accordance with this organizational and legal form is carried out without any requirements to the amount of the authorized capital, the residency of directors and beneficial owners. According to the terms of registration: the establishment of branch will take more time than the establishment of new company due to the need to collect data on the currently operating business.

List of documents

Registration of company in Colombia requires the collection of large package of documents.

The main items from the register are listed below:

• Standard personal data regarding founders, and legal entities are required to submit all statutory official documents;
• Certificate of naming the company;
• Information concerning the field of activity in which the enterprise operates;
• Since it is possible to register company in Colombia only by using Spanish, there should be the copies of accounting documents with official translation and notarization.

The full list depends on several factors, starting from the applicant's status and ending with the term of the company's work.

The specialists of Law & Trust offer legal assistance for the process of establishing new corporation or extending the existing one. Our experts provide free initial consultation before the beginning of long-term cooperation. The period of formation of the new business ranges from 2 to 3 weeks, and the establishment of the representative office ranges from 3 to 5 weeks, taking into account collection, verification and submission of the package of documents.

You can leave application by any convenient means: all the contacts are posted on the web-site. It is possible to clarify the prices by means of our price list, and specify all peculiarities and details with the portal’s manager.