Company incorporation

Set up your company in Colombia according to your goals

We help you incorporate your company in Colombia, choosing the most suitable type of company based on your commercial activity, objectives, and how you plan to operate.

What is the company in Colombia incorporation service?

Our company in Colombia incorporation service is designed to help you establish your business legally, efficiently, and in full compliance with local regulations.

We provide expert legal guidance to determine the most suitable business structure based on your goals and operational needs.

Our team conducts a thorough analysis of your business model, advising you on shareholding composition, liability considerations, and regulatory requirements to minimize risks.

From drafting bylaws and shareholder agreements to personally assisting you with key registrations, we ensure that your company in Colombia is fully compliant and ready to operate.

Choosing the wrong legal structure can lead to unnecessary tax burdens, operational limitations, and legal issues that may affect your business’s growth and regulatory compliance.

Failing to meet all legal and registration requirements can result in delays, penalties, or even prevent your company from operating formally.

Our team ensures your company in Colombia is properly structured from the start, guaranteeing compliance and protecting your interests so you can operate with peace of mind.

Ensure the success of your company in Colombia from the start

With our support, we help you establish a solid and structured legal foundation for your company in Colombia.

From the beginning, we ensure that your company meets all legal requirements, optimizing resources, reducing risks, and avoiding costly mistakes.

This allows you to save time, money, and focus on what really matters: growing your business without complications.

We streamline the entire incorporation process, preventing unnecessary setbacks.

We ensure your business structure, bylaws, and shareholder agreements are correctly drafted to avoid conflicts and future liabilities.

With our legal team handling the complexities, you can concentrate on what truly matters—building and expanding your company.

We handle all filings and registrations with the Chamber of Commerce, ensuring a hassle-free process from start to finish.

Our process

STEP 1: UNDERSTANDING YOUR PROJECT AND NEEDS

We start by getting a thorough understanding of your project and needs. We request the necessary initial information to properly structure the process and ensure that all legal aspects are covered from the beginning.

STEP 2: DEFINING THE BUSINESS STRUCTURE AND DRAFTING THE DOCUMENTS

With the information obtained, we define the best structure for your company, aligned with your business objectives. We draft the necessary documents, such as company bylaws and shareholder agreements, tailored to your type of activity and specific needs.

STEP 3: REGISTRATION AND DELIVERY OF CORPORATE DOCUMENTS

Our team handles the entire registration process for your company, ensuring that all documents are properly formalized and delivered. We provide you with the official corporate documents, ready for your business to operate legally and securely.

What does our company in Colombia incorporation service include?

Specialized corporate advisory

Structural analysis of the organization to be incorporated

Determination of the intended shareholding composition and advisory on foreseeable implications and consequences

Preparation of the necessary documentation for the creation and registration of a commercial company before the Chamber of Commerce, including statutory provisions to regulate the company's operation and the relationship between partners.

Filing and personal assistance for the required registrations before the corresponding Chamber of Commerce

Final delivery of the Certificates of Incorporation and Legal Representation to the client

How much does it cost to set up a company in Colombia?

Attorney's fee

$3,501,810 COP

Full legal support from start to finish

Administrative Fees

Chamber of Commerce administrative fees:

The fee is linked to the registered capital value, the number of appointments, number of shareholders, among other factors.

Document Authentication:

$7,000 COP per document.

Notarial expenses for company constitution by public deed:

Not determinable.

Notarial and registration expenses for property contributions to the company:

Not determinable. The fee is linked to the value of the contribution and the special characteristics of the property.

*ADMINISTRATIVE FEES ARE NOT INCLUDED IN THE ATTORNEY FEES.

**THE VALUES MAY VARY ACCORDING TO YOUR PARTICULAR CASE AND THE TRM (MARKET REPRESENTATIVE RATE).

***THE VALUES ARE FOR INFORMATION PURPOSES AND MUST BE PAID TO THE CORRESPONDING INSTITUTIONS OR THIRD PARTIES. THESE AMOUNTS SHOULD NOT BE PAID TO NEXO UNLESS YOU REQUEST OUR ASSISTANCE IN MAKING THESE PAYMENTS.

Do you have questions about the company in Colombia incorporation? We have the answers.

We know that the company incorporation process can be complex and raise many questions. At Nexo, we understand your concerns and are here to address all your inquiries, giving you the confidence that your company incorporation is being handled by a team of experts.

What are the most common types of companies in Colombia?

In Colombia, several types of commercial companies are recognized by law, including:

Simplified Joint Stock Company (S.A.S.): This is the most commonly used type due to its flexibility and ease of incorporation. It does not require a minimum capital and can be established by a single shareholder.
Limited Liability Company (Ltda.): Less common and generally used in specific sectors that require this structure. Partners are liable only up to the amount of their contributions.
Corporation (S.A.): A special type of company for businesses that wish to issue shares on the stock exchange. It requires a minimum of five shareholders and involves more formalities than other company types, which is why it’s less frequently used.

How long does it take to incorporate a company in Colombia?

The time required to incorporate a company in Colombia depends on several factors, such as the complexity of the company structure and how efficiently requirements are met.

For Simplified Joint Stock Companies (S.A.S.), due to their flexible and streamlined nature, the process usually takes 5 to 10 business days.
For other, more complex company types, incorporation can take between 3 to 5 weeks.

Is it mandatory to have a statutory auditor (Revisor Fiscal) in the company?

The requirement to have a statutory auditor depends on the type of company and certain financial parameters.

Traditional company types such as Corporations (S.A.) and Limited Liability Companies (Ltda.) are generally required to have a statutory auditor.
In the case of S.A.S., the obligation depends on the level of revenue or assets reported in the financial statements from the previous year.

What are the administrative fees to incorporate a company in Colombia?

The costs vary depending on the type of company and the capital to be registered.

For S.A.S., since a public deed is generally not required, the incorporation costs for companies with minimum capital typically range between COP 500,000 and 700,000.
For traditional company types like the Ltda., additional notarial fees must be paid, which increases the total cost.

Can I incorporate a company in Colombia as a foreigner?

Yes, you can. However, there are two important factors to consider:

Access to financial or banking services is restricted in Colombia for foreigners who do not have legal residency or a valid visa. Therefore, when incorporating a company, it might be difficult to open a business bank account without having a visa.
It’s also necessary to review whether the foreign national is legally authorized to conduct business in Colombia, which depends on the type of visa they hold.

Can I incorporate a company in Colombia while living abroad?

Yes. The incorporation process can be completed through digital platforms provided by some Chambers of Commerce, or by granting a power of attorney to someone in Colombia to carry out the procedure on your behalf.

What is the legal effect of incorporating a company?

When you incorporate a company in Colombia, a legal entity separate from its founders is created. This means that the company, not the individual shareholders, is the one that assumes obligations incurred during its business operations, thereby protecting the personal assets of the shareholders.

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Phone: (+57) 315 3354174

direccioncomercial@nexo.legal

Calle 11 no. 43b – 50,

Parque Empresarial Calle Once

Oficina 407

Medellín, Colombia