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Company Formation Colombia

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Colombia has proven itself to be one of the more promising countries to do business in in Latin America. Its abundance in resources, business friendly environment, and low inflation rate are some of the reasons for the success the Colombian market is experiencing. Although it is enticing, it can be difficult to do business in a country where one does not fully understand the regulations and laws to form a company there. In order to help you get a better insight on the steps in this process, our Colombian business experts have created a company formation presentation for Colombia.

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Company Formation Colombia

  1. 1. How to Form a Company in Colombia? www.bizlatinhub.com
  2. 2. Why Incorporate a Company in Colombia? Strategic regional trade agreements Government support for foreign investment Attractive legal framework for investors Great trading platform with access to 2 oceans An emerging middle class
  3. 3. Types of Legal Entities Simplified Shares Company (SAS) Limited Liability Company (LTDA) Corporation (SA) Branch Office The majority of companies that are set up in Colombia are Simplified Shares Companies (Sociedad por Acciones Simplificadas - SAS). This presentation will outline the process of forming a Simplified Shares Company.
  4. 4. Fact Sheet S.A.S. Yes Is foreign ownership allowed? Yes Can the company sponsor foreign employees? No Are there capital controls? 4 - 5 weeks once all documentation is received How long does it take? (including bank account) No Is there a minimum share capital? 1 Shareholder What is the minimum number of shareholders? Yes Are a fiscal address and legal representation required?
  5. 5. How to do it. In order to successfully form your company, you will have to follow the steps outlined in this presentation. There are 6 main steps involved in this process.
  6. 6. Step 1 A POA is a legal document that enables Biz Latin Hub to form the company on your behalf. Draft and Sign a Power of Attorney (POA)
  7. 7. Step 2 The company bylaws define a company’s purpose, identify the company shareholder structure and outline how it will operate. Create the Company Bylaws
  8. 8. Step 3 Before all required local and national authorities. Register the Company
  9. 9. Step 4 Register with the National Tax Authority to obtain the company tax ID number (NIT). Obtain the Company Tax ID Number
  10. 10. Step 5 You will have to open a corporate bank account and deposit the required capital to activate it. Open and Activate a Corporate Bank Account
  11. 11. Step 6 Subscribe the capital you wish to invest in the company and begin operations. Initial Company Investment
  12. 12. Biz Latin Hub is a market leader in helping individuals and companies to successfully do business globally and has multilingual services that are reliable, tailored and responsive. Our group is owned and managed by an experienced team of local and expat professionals, dedicated to assisting our clients to navigate their way through the complexities of the global business environment. We can help!
  13. 13. See how our services can support your global expansion. Due Diligence Legal Services Accounting & Taxation
  14. 14. Are you ready to expand globally? Contact us now. contact@bizlatinhub.com www.bizlatinhub.com

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