Ubicación estratégica y condiciones de mercado favorables

La ubicación geográfica de Colombia actúa como una puerta de entrada a América del Norte y del Sur, proporcionando un acceso sin precedentes a más de 1.500 millones de consumidores en la región. Como la cuarta economía más grande de América Latina, Colombia ofrece un mercado estable y en constante crecimiento. Además, su próspera clase media está ansiosa por adoptar nuevos productos y servicios.

Tasas impositivas e incentivos competitivos

Una de las principales razones por las que las empresas acuden en masa a Colombia es su atractivo régimen fiscal. El Gobierno ha puesto en marcha una serie de incentivos para promover la inversión extranjera y el crecimiento empresarial. Algunos de los principales beneficios fiscales incluyen:

• Reducción del Impuesto sobre Sociedades: Las empresas que se expanden a Colombia pueden disfrutar de tasas reducidas del impuesto sobre la renta corporativa, lo que proporciona ahorros significativos y mejora la rentabilidad.
• Zonas Francas (ZLC): Colombia cuenta con varias Zonas Francas, que ofrecen a las empresas un trato fiscal preferencial, importaciones libres de aranceles y procedimientos aduaneros simplificados.
• Zonas Económicas Especiales (ZEE): Las empresas que operan dentro de las zonas económicas especiales designadas pueden beneficiarse de exenciones fiscales y otras ventajas financieras.
• Acuerdos de Estabilización Tributaria: Colombia ha suscrito numerosos tratados bilaterales de inversión que brindan protección y previsibilidad adicionales en materia tributaria para los inversionistas extranjeros.
• Incentivos a la investigación y el desarrollo y a la innovación: Las empresas que invierten en actividades de investigación y desarrollo pueden beneficiarse de créditos y deducciones fiscales, fomentando una cultura de innovación.

Acuerdos comerciales regionales y mundiales

Colombia es miembro de varios acuerdos comerciales regionales y globales, lo que fortalece su posición como una base ideal para las empresas que buscan acceder a múltiples mercados. A través de acuerdos como la Alianza del Pacífico y el Mercosur, las empresas pueden capitalizar la reducción de las barreras comerciales, facilitando el movimiento de bienes y servicios.

Tecnología en crecimiento y ecosistema de start-ups

Colombia está emergiendo rápidamente como un centro de tecnología e innovación en América Latina. Con un grupo creciente de profesionales calificados, políticas favorables para la puesta en marcha y el apoyo del gobierno a las iniciativas basadas en la tecnología, las empresas en expansión pueden aprovechar un ecosistema tecnológico vibrante y lleno de oportunidades.

Mano de obra cualificada y competitiva en costes

Colombia cuenta con una fuerza laboral joven, educada y dinámica que no solo es competitiva en costos, sino que también se adapta a nuevas tecnologías y procesos. Este grupo de talentos altamente calificados agrega un enorme valor a las empresas que establecen sus operaciones en el país.

¿Cómo registrar una empresa en Colombia?

1. En primer lugar, seleccione el tipo de empresa adecuado para su negocio
2. A continuación, realice una búsqueda del nombre deseado en la RUE
3. Designar un representante legal
4. Redactar los estatutos de la empresa
5. Obtener un PRE-RUT
6. Registrar la empresa en la Cámara de Comercio
7. Obtener el RUT final
8. Registrar los libros de la empresa
9. Por último, abre una cuenta bancaria corporativa

Expandir su empresa a Colombia es un movimiento estratégico que puede desbloquear numerosas oportunidades de crecimiento. Desde su ventajosa ubicación geográfica y tasas impositivas competitivas hasta su inclusión en múltiples acuerdos comerciales y un sólido ecosistema tecnológico, Colombia ofrece un entorno acogedor para las empresas que buscan expandirse. La combinación de estos factores hace de Colombia un destino destacado, lo que garantiza que su empresa prospere en un mercado dinámico y prometedor. Por lo tanto, aproveche la oportunidad, aproveche los beneficios fiscales y lleve su negocio a nuevas alturas en Colombia.

Recuerde, la decisión de expandirse es fundamental, y buscar asesoramiento profesional y realizar una investigación de mercado exhaustiva allanará el camino para una empresa exitosa. Ya sea que sea una empresa nueva o una empresa bien establecida, el potencial de crecimiento y prosperidad de Colombia lo convierte en un destino atractivo para poner a su empresa en el camino hacia el éxito.

¡Obtenga asistencia de los expertos de Easyco!

En conclusión, ¡Colombia es el país perfecto para la formación de su empresa! Para asegurarse de registrar su empresa de la manera correcta, puede ponerse en contacto con nosotros. Nuestro equipo de expertos se asegurará de que el proceso de registro de su empresa cumpla con todas las leyes colombianas y la nueva legislación.

En Easyco, facilitamos la formación de empresas en Colombia; nuestros expertos corporativos tienen una vasta experiencia ayudando a empresas e individuos a registrar sus negocios en Colombia. Tenemos un historial comprobado de éxito en todos nuestros servicios. Easyco también tiene como objetivo abordar los complejos procesos de formación de empresas en LATAM. Facilitamos el registro de empresas al proporcionar una experiencia sencilla de registro de empresas en línea. Inicia tu empresa en Colombia ¡Hoy!

Además, Easyco también ofrece servicios adicionales para garantizar el cumplimiento de su empresa, que incluyen:

• Nombramiento de representación legal,
• Proporcionar una dirección de domicilio social
• Manejo de impuestos y contabilidad
• Servicios de nómina sin  complicaciones
• Gestiona la apertura de cuentas bancarias de tu empresa
• Gestione el registro de su marca
• Reclutamiento y contratación Talento

The post Beneficios Tributarios en Colombia para Empresas appeared first on EasyCo.

¿Por qué tercerizar la nómina en Colombia?

1. Optimización de tiempo y recursos: Al externalizar los servicios de nómina, las empresas pueden liberar tiempo y recursos valiosos que de otro modo se dedicarían a gestionar la nómina internamente. Esto permite a las empresas centrarse en las actividades comerciales principales, como la planificación estratégica, las ventas y el servicio al cliente, aumentando así la productividad general.
2. Cumplimiento de la normativa local: Colombia cuenta con leyes y regulaciones laborales específicas que rigen la gestión de la nómina. Mantenerse actualizado con estas regulaciones puede ser un desafío, especialmente para las empresas que no cuentan con expertos en nómina dedicados. La externalización de la nómina garantiza que su empresa cumpla con las leyes locales, minimizando el riesgo de sanciones o problemas legales.
3. Experiencia y precisión: Los proveedores de servicios de nómina en Colombia se especializan en la gestión de nómina, lo que garantiza una alta precisión y conocimiento. Estos profesionales se mantienen actualizados con las últimas tasas impositivas, deducciones y regulaciones laborales. Además, al aprovechar sus conocimientos, las empresas pueden evitar errores costosos y minimizar las posibilidades de errores de cálculo, lo que puede afectar negativamente a la satisfaccion y la confianza de los empleados.

Tareas que se pueden externalizar

1. Procesamiento de nómina: La externalización de las tareas de procesamiento de nóminas, como el cálculo de los salarios, las deducciones y los impuestos de los empleados, puede reducir significativamente la carga de su equipo interno. Los proveedores de servicios de nómina en Colombia utilizan software y tecnología avanzados para agilizar el proceso, asegurando pagos precisos y oportunos a los empleados.
2. Informes y cumplimiento de impuestos: Mantenerse al día con los requisitos y regulaciones de declaración de impuestos es crucial para las empresas. Al externalizar las tareas relacionadas con los impuestos a profesionales, las empresas pueden garantizar una declaración de impuestos precisa y oportuna, reduciendo el riesgo de sanciones y problemas de cumplimiento.
3. Gestión de datos de empleados: La gestion de los datos de los empleados, como los registros de tiempo y asistencia, puede llevar mucho tiempo. La externalización de estas tareas puede aliviar la carga administrativa, permitiendo a las empresas acceder a datos precisos cuando sea necesario.

Ahorro de costes

1. Reducción de los costes operativos: Mantener un departamento de nómina interno implica costos asociados con salarios, beneficios, software, capacitación e infraestructura. La externalización de los servicios de nómina puede ayudar a reducir estos costes operativos, ya que las empresas sólo pagan por los servicios que necesitan, eliminando la necesidad de inversiones continuas en tecnología y formación.
2. Minimización del riesgo de errores costosos: Los errores en los cálculos de nómina o en el cumplimiento pueden dar lugar a multas, sanciones e incluso demandas. Al subcontratar a profesionales bien versados en la gestión de nóminas, las empresas pueden reducir el riesgo de errores costosos, ahorrando dinero a largo plazo.
3. Escalabilidad y flexibilidad: Los servicios de externalización de nómina proporcionan a las empresas escalabilidad y flexibilidad. Tanto si tienes un equipo pequeño como una plantilla en crecimiento, la externalización te permite adaptar rápidamente tu gestión de nóminas sin necesidad de una amplia reestructuración interna ni de contratar personal adicional.

En conclusión, los servicios de tercerización de nómina en Colombia ofrecen numerosos beneficios para las empresas. Incluyen la optimización del tiempo y los recursos, el cumplimiento de las normativas locales, el conocimiento experto y el ahorro de costes. Al asociarse con un proveedor de servicios de nómina de buena reputación, su empresa puede agilizar los procesos de nómina, mejorar la precisión y centrarse en las operaciones principales. Aproveche las ventajas de la externalización y lleve su negocio a nuevas cotas de eficiencia y productividad.

¡Obtenga asistencia de los expertos de Easyco!

En Easyco, facilitamos la formación de empresas en Colombia; nuestro equipo de expertos corporativos tiene una vasta experiencia ayudando a empresas e individuos a registrar sus negocios en Colombia. Tenemos un historial comprobado de éxito en todos nuestros servicios. Easyco tiene como objetivo abordar los complejos procesos de formación de empresas en LATAM. Facilitamos el registro de empresas al proporcionar una experiencia de registro de empresas en línea sin complicaciones. ¡Inicie su empresa en Colombia hoy!

Easyco también ofrece servicios adicionales para garantizar el cumplimiento de su empresa, que incluyen:

• Nombramiento de representación legal,

• Proporcionar una dirección de domicilio social

• Manejo de impuestos y contabilidad

• Servicios de nómina sin complicaciones

• Gestione la apertura de la cuenta bancaria de su empresa

• Gestione el registro de su marca

• Servicios Legales Corporativos

The post Outsourcing de Nómina en Colombia: Optimice las Operaciones Comerciales appeared first on EasyCo.

Understanding the Colombian Job Market

Before diving into talent acquisition strategies, it is essential to gain a comprehensive understanding of the Colombian job market. The job market in Colombia is diverse, comprising various industries, such as technology, finance, manufacturing, and services. Different regions within Colombia may also have unique characteristics and talent pools. By conducting thorough market research and analyzing industry trends, recruiters can tailor their strategies to attract the right candidates.

Developing an Effective Recruitment Strategy

Building a robust recruitment strategy is crucial for attracting qualified candidates in Colombia. This strategy should encompass multiple channels and tactics to ensure maximum reach and visibility. Some effective approaches include leveraging online job portals, engaging with professional networks, attending career fairs, and collaborating with local recruitment agencies. It is also important to create compelling job descriptions and offer competitive compensation packages to stand out from competitors.

Streamlining the Hiring Process

Once potential candidates have been identified, streamlining the hiring process is vital to secure top talent efficiently. This includes conducting thorough interviews, skill assessments, and reference checks. Utilizing technology, such as video interviews and applicant tracking systems, can enhance efficiency and provide a seamless experience for candidates. It is crucial to maintain clear communication throughout the process, keeping candidates informed about the progress and providing timely feedback.

In a dynamic and competitive job market like Colombia, effective talent acquisition strategies are paramount. By understanding the local job market, developing a robust recruitment strategy, and streamlining the hiring process, organizations can optimize their chances of attracting and securing top talent, driving their success in the Colombian business landscape.

Get Assistance from Easyco Experts!

At Easyco, we make company formation in Colombia easy; our team of corporate experts has vast experience helping companies and individuals register their business in Colombia, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Colombia today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank Account Opening

• Manage your Trademark Registration

• Corporate Legal Services

The post Effective Strategies for Recruiting and Hiring in Colombia appeared first on EasyCo.

The Significance of a Tax ID

In Colombia, a Tax ID, known as «Número de Identificación Tributaria» or NIT, is a vital identification number issued by the tax authority. This unique code serves as a key identifier for individuals and businesses within the Colombian tax system. Whether you’re a local entrepreneur, a foreign investor, or a salaried employee, obtaining a Tax ID is essential for complying with tax obligations and conducting financial transactions.

Obtaining a Tax ID in Colombia

To obtain a Tax ID in Colombia, individuals and businesses need to follow a specific process. It typically involves submitting the necessary documentation, such as proof of identity, proof of address, and legal registration papers, to the tax authority. The application can be completed either online or in person at designated tax offices. Once the application is approved, the tax authority will issue a Tax ID, which will be used for all tax-related matters.

Uses and Benefits of a Tax ID

Tax ID serves various purposes in Colombia. It is required for filing tax returns, paying taxes, and conducting business transactions. With a Tax ID, businesses can issue invoices, participate in government tenders, and establish contracts with other entities. For individuals, the Tax ID is necessary for obtaining employment, registering property, and accessing financial services. It is also an essential requirement for foreigners looking to invest or establish a business in Colombia.

In conclusion, the Tax ID in Colombia is a fundamental identifier that holds significant importance for individuals and businesses. Whether you’re a resident or a foreign investor, understanding the role and application of the Tax ID is crucial for complying with tax obligations and conducting financial activities in Colombia.

How to Register a Company in Colombia?

1. Select the right company type for your business
2. Search for the availability of the name at the RUE or Registro Único Empresarial
3. Draft and notarize the Power of Attorney
4. Prepare and draft the company’s bylaws
5. Obtain a pre-taxpayer ID or Pre RUT
6. Register the company with the Chamber of Commerce
7. Obtain the final taxpayer ID or RUT, and NIT
8. Register your company books
9. Open a bank account in the name of the company

Get Assistance from Easyco Experts!

At Easyco, we make company formation in Colombia easy; our team of corporate experts has vast experience helping companies and individuals register their business in Colombia, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Colombia today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank Account Opening

• Manage your Trademark Registration

• Corporate Legal Services

The post What is the Tax ID in Colombia? How to obtain it? appeared first on EasyCo.

Registering a trademark in Colombia is one important step for companies that want to protect their products, brand, and identity. Like in other countries, you have 5 years in order to start using the trademark and it has to be renewed every 10 years. The trademark registration process, as well as the renewal, can be done online or in person in Colombia.

How to file a trademark in Colombia? Do I need company? Can I register a trademark as a natural person? What documents do I need? How to incorporate a company in Colombia?

Why register a trademark in Colombia?

It is important to register a trademark because it gives you legal protection and it significantly reduces the competition since other companies and businesses won’t be able to commercialize a product with the same name, or logo.

It is also important from a marketing and advertising point of view because your clients will be able to easily identify your brand, product, and name.

These are some of the things that can be registered as a trademark. However, the NICE Classification has many other categories of products, services, and more that can be registered.

• What can be registered as a Trademark?

  • Products

  • Services

  • Production establishment

  • Commercial establishment

  • Advertising phrase (slogan)

  • Sound mark

  • Collective mark

  • Certification mark

What is the NICE classification?

The NICE Classification, often called NCL is the international classification for goods and services that entities around the world use for the registration of trademarks. Since its creation in 2013, it includes 34 different classes and each of them has an alphabetical list of the goods that can be used for registration. The list is updated every five years, but a new version is published every year on the platform designated by the World Intellectual Property Organization (WIPO).

Who is in charge of the registration?

The agency in charge of the registration of trademarks in Colombia is the ‘Oficina Virtual de Propiedad Industrial’, known as SIPI, which is a digital platform created by the Superintendence of Industry and Commerce to facilitate and centralize the process. However, it can also be done at one of the many offices the Superintendence of Industry and Commerce has all over Colombia.

What documents are required to register a trademark in Chile?

To successfully complete the registration of the trademark, the SIPI asks for these documents. They will verify that the trademark is not owned by anyone else.

• Classification of the goods or services according to the NICE guidelines

• Receipt of payment of the fees to the Superintendence of Industry and Commerce

• Application Form with the information of the mark either through the online platform or at the offices of the Superintendence of Industry and Commerce

• File including the logo of the brand

• Power of Attorney of the Legal Representative

Do I need a company to register a trademark in Colombia?

No, you can register a trademark as a natural person, you don’t need to do it under the name of a company. In the future, if you wish to start using the trademark, you can register a company and transfer the trademark to it to start commercializing it.

If you already have a trademark, you have 5 years to start using it, so it is advised that you form a company in Colombia or transfer it to an already existing legal structure. This way you can start with the promotion, production, and distribution, and finally start profiting from it.

How to register a company in Colombia?

Would you like to register a company in Colombia? These are some of the steps you need to follow. Remember that this may differ depending on the type of company, as well as the nature of the business, and more. In some cases, it is necessary to apply for licenses and permits.

1. Identify and select the right type of company

2. Search for the availability of the name at the ‘Registro Único Empresarial’

3. Elaboration and signature of the Power of Attorney

4. Preparation and drafting of the company’s bylaws

5. Obtain a Pre Taxpayer ID or Pre RUT

6. Register the company with the Chamber of Commerce

7. Obtain the final Tax ID or RUT

8. Register the company’s books

9. Open a corporate bank account in Colombia

Get Assistance from Easyco Experts!

At Easyco, we make company formation in Colombia easy; our team of corporate experts has vast experience helping companies and individuals register their business in Colombia, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Colombia today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank Account Opening

• Manage your Trademark Registration

• Corporate Legal Services

The post How to Register a Trademark in Colombia? appeared first on EasyCo.

In Colombia, there are a various banks and types of bank accounts to choose from. It is necessary that the company evaluates and compares which is the one that is going to be the best for current plans but also future requirements it may need. Why is it necessary to have a bank account? What documents do I need? Which type of bank account is right for my business?

Why do you need a Corporate Bank Account in Colombia?

Having a Bank Account for your business in Colombia is necessary if you want to start operations. This bank account is going to be used to deposit the share capital of the company, as well as to do all transactions regarding the business, such as payments to providers, acquisition of material, payment of the payroll, etc. Having a Corporate Bank Account is also necessary for the payment of taxes and deductions.

Furthermore, having a Corporate Bank Account also helps the company have a better image, and gives trust to clients and providers. It looks more professional than just having a bank account in the name of the owner, or one of the managers.

In recent years opening a corporate bank account for companies with foreign owners has been more difficult, banks usually impose time restrictions, where they may allow accounts to be opened only after 6 months after your company has been created, in addition to increased scrutiny. This is why finding a local provider with experience navigating banking difficulties, is key for a successful outcome of your business and corporate account.

What are the requirements to open a Corporate Bank Account in Colombia?

These are some of the documents required when opening a Corporate Bank Account in Colombia. Remember that these requirements are general and may differ from bank to bank.

• Copy of the NIT (Número de Identificación Tributaria)

• Power of Attorney of the Legal Representative

• Copy of the ID of the Legal Representative (s) of the company

• Certified financial statements

• Declaration of the income of the last taxable year

What types of Corporate Bank Accounts are available in Colombia?

There are some different types of Corporate Bank Accounts your business can have in Colombia. These are the most popular and the ones that most banks offer:

• Checkings Account

  The most popular type of Corporate (and personal) Bank Account is a Checkings Account. This is the type of bank account used to pay for day-to-day expenses, withdrawals, and transactions. The bank most of the time gives you a card to use regularly at stores or the ATM. Some banks charge maintenance fees or require you to have a minimum balance available.

• Savings Account

  A Savings Account is ideal if the company has money that is not going to be spent in the near future. This type of bank account pays interest on the money deposited, either at an annual or interest-based rate. Some banks require a deposit of a minimum amount in order to open a Savings Account, but other banks don’t. Some may also have maintenance fees and other costs.

  Banks do not always offer cards for Savings Accounts, and sometimes have a maximum number of withdrawals allowed per month.

The Colombian Peso is the currency of Colombia, however, some banks also have options to open a bank account in US Dollars. This is very useful if your business does transactions abroad or receives payments in US Dollars.

Do I need to register a company to open a Corporate Bank Account in Colombia?

Yes, in order to open a Corporate Bank Account in Colombia, you need to have a Tax Identification Number or ‘NIT’ (Número de Identificación Tributaria, in Spanish). You obtain this number when you have successfully registered your business in the Chamber of Commerce, and you need it to comply with tax regulations. Colombia is a friendly country for business owners and investors and they have been working to simplify the company registration process.

These are the steps to register a company in Colombia:

1. Identify and select the right company type

2. Search for the availability of the name at the RUE or Registro Único Empresarial

3. Elaboration and signature of the Power of Attorney

4. Prepare and draft the company’s bylaws

5. Obtain a pre-taxpayer ID or Pre RUT

6. Register the company with the Chamber of Commerce

7. Obtain the final taxpayer ID or RUT, and NIT

8. Register your company books

9. Open a bank account in the name of the company

Get Assistance from Easyco Experts!

Do you want to know more about the Corporate Bank Accounts in Colombia and how to register your company? Send us a message and we will send you all the information you need to know, as well as help and assess you to successfully start your business in Colombia. Easyco also provides additional services to guarantee your company’s compliance, which includes:

• Appointment of legal representation

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company Bank Account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services

The post How to Open a Corporate Bank Account in Colombia: Types and Requirements appeared first on EasyCo.

There are many types of companies and legal structures to choose from, but it’s always important to remember that it has to cater to the needs of the business. The right choice also depends on the number of employees, shareholders or partners, and assets of the company.

These are the types of Companies in Colombia. In this article, we’ll explain the characteristics of each one as well as its benefits, and specific requirements.

• Sociedades de Responsabilidad Limitada (SRL)

• Sociedades por Acciones Simplificadas (SAS)

• Corporaciones or Sociedades Anónimas (SA)

• Branch Office of a Foreign Company

What are the most common and used types of companies in Colombia? What is the minimum share capital? How to register a company?

Some of the steps and general requirements to incorporate a company in Colombia are:

• Notarize the bylaws of the company

• Obtain an NIT, which is the company’s tax identification number

• Open a corporate bank account at a local bank in Colombia

Sociedad de Responsabilidad Limitada (SRL)

An SRL in Colombia is similar to an LLC. In this type of company, the amount of capital contribution limits the partner’s liability, unless stipulated by the company’s bylaws. Regarding the payment of debts and legal responsibilities, no partners are not liable.

• No board of directors is required

• At the moment of incorporation it’s necessary to have a minimum of 2 partners, but no more than 25

• The contribution of the partners must be fully paid at the beginning of the registration process

• Needs a public deed for the incorporation, but if you wish the documents to stay private you need to comply with these requirements:

  • If the company has 10 or fewer employees

  • If the assets of the company are lower than 500 times the minimum monthly wage in Colombia (approximately USD$ 140,000)

  • The company’s social purpose must be defined and with that limit the company’s commercial activities

Sociedad por Acciones Simplificadas (SAS)

For large and small businesses in Colombia, the most popular and common type of legal entity is SAS. In Colombia, a SAS, compared to the other types of legal structures, has been praised by investors for its flexibility, specifically with the fast and easy incorporation process and the large freedom afforded to shareholders to establish their own terms and conditions.

One of the larger advantages of a Simplified Stock Company (SAS), is the ability to make the articles of incorporation a private document. In addition, the company has the ability to participate in almost any business activity because the social purpose can be left undefined.

These are some of the characteristics that make a SAS attractive and flexible:

• Needs a minimum of 1 shareholder

• Doesn’t require a board of directors

• The amount of the company’s equity is equivalent to the limited liability

Corporations or Sociedad Anónima (SA)

If there’s a big number of shareholders involved in the company, a Corporation (SA) is the best option. Under this legal structure, the shareholder’s liability is limited only to the amount of the shareholders’ equity, unless fraud is committed.

These are some important points to keep in mind when considering a corporation:

• There is a minimum requirement of 5 shareholders and they cannot be in possession of more than 95% of the outstanding capital stocks.

• Needs to have a defined social purpose

• Needs a board of directors

• It usually is incorporated by a public deed just like the SRL, but at the same time if you want to keep the documents private you will need the following requirements:

  • The company has 10 or fewer employees

  • The assets of the company are lower than 500 times the minimum monthly wage in Colombia (approximately USD$ 140,000)

Branch Office of a Foreign Company

If a company has its head office in another country, branching could be another option and that’s because in Colombia the legislation recognizes foreign branch offices as an extension of the parent company. However, they are both viewed as the same legal entity.

The following documentation is required to establish Foreign Branch Office in Colombia:

• Certificate of Incorporation of the parent company

• A Legal Representative to act on behalf of the parent company

• A copy of the company’s bylaws (notarized)

Get Assistance from Easyco Experts!

Colombia is in constant growth and always looking to simplify its processes for incorporation. However, registering a company in LATAM can still be very challenging. To make sure you register your company in the right way, you can get in touch with us, and our team of experts is going to make sure it complies with all Colombian laws, and help you chose the all the types of companies in Colombia.

At Easyco, we make company formation in Colombia easy; our team of corporate experts has vast experience helping companies and individuals register their business in Colombia, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM and makes business registration easy by providing a hassle-free online company registration experience. Start your company in Colombia today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Corporate Legal Services

The post Types of Companies in Colombia appeared first on EasyCo.

In 2020, it became a member of the Organization for Economic Co-operation and Development (OECD) and it has since been able to standardize and adjust most of its processes to the OECD international standards.

In addition to all these, Colombia is a country that receives foreigners looking to work or start a business. It is a very popular destination because the process is less complex, which makes it a very popular destination in South America to get a Work Visa.

Why do I need a Work Visa?

All foreigners that want to pursue business or professional activities in Colombia need to have a valid work visa in order to comply with the law, fiscal, and other local regulations. A Work Visa in Colombia will also allow you, as a foreigner, to have access to health insurance, a pension fund (in some cases), and other benefits.

What are the types of Work Visas in Colombia?

In Colombia, you can get a Work Visa depending on your migration status and how long you want to pursue business or work activities in the country.

Migrant (M)

A Migrant (M) type of Visa means that the person is planning to live temporarily in Colombia for a maximum of 3 years. This type of Visa requires having a Colombian spouse or partner, or a permanent job in the country. The M Visa is also perfect for business owners and entrepreneurs looking to start a business in Colombia or interested in Real Estate opportunities.

Visitor (V)

A Visitor (V) Visa is ideal for foreigners who want to travel to Colombia, stay temporarily (for a maximum of 6 months), and don’t have a permanent residency. This type of Visa is perfect for service providers or short-term projects at a Branch or local company.

Resident (R)

A Colombian Resident (R) Visa is suitable for individuals that hold a Migrant (M) Visa and wish to live permanently in the country, as well as people looking to invest a minimum of 650 minimum wages in Colombia (around USD $ 170,000). Foreigners are also eligible for this type of Visa if they’ve been married on an M Visa for at least a year or have a child born in Colombia.

How do I obtain a Work Visa in Colombia?

The ‘Cancillería’ or Ministery of Foreign Affairs is responsible for the issue of Visas. You can either apply to get a Visa at one of Colombia’s Embassy or Consulate, or in Bogota.

The requirements to obtain a Work Visa in Colombia vary depending on the type of Visa, however, there are some general requirements and documents needed. Keep in mind all the documents that are not in Spanish have to be translated and be duly legalized and apostilled:

• Valid passport or another travel document (valid for a minimum of 180 days upon arrival) with at least 2 blank pages

• 2 recent photographs with white background

• Original work contract

• Form with a summary of the contract, including information about the employer, employee, type of work, and responsibilities. This document must be signed by both the employer (it can be a company or legal person) and the employee and duly legalized by a Colombian lawyer or Consul

• An academic degree, diploma, or technical certification that proves work proficiency (depending on the type of work, some licenses can be asked for)

• Information about the company or legal person that is going to hire you

Do you need to create a company in Colombia?

If you wish to register a company in Colombia, or you already have one, it can make the process even more simple and fast. This is the perfect option for business owners and investors that want to apply for a Migrant or Resident Visa, since the Colombian government has policies and regulations to promote it.

Get Assistance from Easyco Experts!

Colombia is a very attractive country for business and investment purposes. At Easyco, we can help you obtain a Work Visa in Colombia that suits your personal and business needs.

Easyco also provides additional services to guarantee your company’s compliance, which includes:

• Appointment of legal representation

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Recruiting and Hiring Talent

• Corporate Legal Services

The post Work Visa in Colombia: Types and Requirements appeared first on EasyCo.

After almost two years of the Covid-19 pandemic, it is expected that in 2022, Colombia’s economy will grow by around 4,3%. This makes it a very attractive and interesting country for many corporations and investors looking to expand their horizons and start operating there. Colombia is always looking to attract foreign investment. Therefore, it is constantly looking to simplify its processes to make it easier for companies considering expanding to Colombia.

In 2020, it became a member of the Organization for Economic Co-operation and Development (OECD) and it has since been able to standardize and adjust most of its processes to the OECD international standards.

Are you interested in setting up a company in Colombia? Here you’ll find a list of all steps you need to follow, to comply with the law.

1. Identify and select the right company type

   Selecting the right type of company in Colombia is the first and one of the most important steps in order to open a business. There are some advantages and disadvantages to each type, but to choose one, it is necessary to think about the objectives and goals of the company, as well as the requirements.

   It is also important to keep in mind what is the type of business the company is pursuing.

   The 3 most common types of companies in Colombia are:

   • Simplified Shares Company or Sociedad por Acciones Simplificadas (S.A.S)

   • Corporation or Sociedad Anónima (S.A.)

   • Limited Liability Company or LLC

2. Search for the availability of the name at the RUE or Registro Único Empresarial

   This is an important step to incorporate in Colombia. The RUE stands for Registro Único Empresarial and it is the Chamber of Commerce’s public database, This platform allows you to search for any other companies with the same name as yours. It is important to remember that the name of the company is not required to be the same as the name of the brand, product, or service offered to the market.

3. Elaboration and signature of power of attorney

   If your shareholders are not present in Colombia, a Power of Attorney will be required that allows your legal representative to carry out the process locally. This Power of Attorney has to be signed by the corresponding party.

   Also, consider that for foreign shareholders, additional documentation will be required.

   All documentation that comes from abroad must be duly legalized and apostilled (if applicable), and these hard-copy documents must be sent to Colombia. Finally, consider that documentation that is not in Spanish, will require translations to be accepted by the local agencies.

   Although this step might sound cumbersome and time-consuming, it is a standard process to Register your company in Colombia. Nevertheless, there is another way in which you can incorporate it in Colombia without completing this step first. At the end of this article, be sure to ask us how.

4. Prepare and draft the company’s bylaws

   The bylaws documentation allows for the constitution of the company in Colombia. This document is going to work as the backbone of the company and rule the way it is run. Consider this document has to include:

   • Company name

   • Legal Representative information

   • Share capital information

   • Company activities

   • Registered/ Legal address

   • Management structure

   • Extinction and liquidation details

   • Other general dispositions

   This document requires the legal advice and signature of a lawyer in Colombia to make sure that it covers all required aspects. At the bottom of this article, you can learn how Easyco can help.

5. Obtain a pre-taxpayer ID or Pre RUT

   The DIAN (Directorate of National Taxes and Customs) is the government agency in charge of financial regulation and tax collection in Colombia. This agency is going to assign the company a pre-taxpayer ID or Pre RUT, which stands for Unified Tax Registry.

   This information is required by all companies, in order to submit your company information to the corresponding Colombian Chamber of Commerce. This will allow you to properly incorporate your company in Colombia.

6. Register the company with the Chamber of Commerce

   Once you have the name of the company and all the required documents, it’s time to register it with your corresponding Chamber of Commerce. This entity is responsible for the creation and regulation of all companies in Colombia.

   When visiting the Chamber of Commerce, you need to bring the following requirements:

   • Original identification document of the legal representative of the company

   • Registro Único Tributario (RUT) information Form

   • Registro Único Empresarial y Social (RUES) Information Form

   • Other application forms available at the Chamber of Commerce location

   • Constitution document of your Colombian company

   Consider that all of the forms have to be completed and signed by your legal representative. Afterward, the Colombian Chamber of Commerce will be the one responsible for revising and approving the registration of your company. Once approved, your company formation in Colombia is completed.

7. Obtain the final taxpayer ID or RUT, and NIT

   Once the company is officially registered, the official RUT will be assigned by the DIAN, as well as the NIT, which stands for ‘Número de Identificación Tributaria’ in Spanish. This number serves as an official identification number for the company.

   This step will allow the company to be verified by the Chamber of Commerce to obtain official status. Consider that this number is necessary in order to open a bank account in the name of the company at any private bank in Colombia.

8. Register your company books

   A crucial step to complete once your company is registered in Colombia is to register your company’s statutory books.

   This is a requirement carried out in the Chamber of Commerce and as stipulated in Decree 019 of 2012, the official statutory company books that have to be registered by any company in commerce are:

   • Registry of Shareholders and owners of the company

   • Minutes and Shareholder Meetings

   • Depending on your company or association, other statutory books might be required

   Non-compliance may result in sanctions from the regulatory agencies of companies, these are:

   • Financial Superintendence (Superintendencia Financiera)

   • Superintendency of Companies (Superintendencia de Sociedades)

   • Superintendency of Industry and Commerce (Superintendencia de Industria y Comercio)

   Registration has to be completed within the timeline established by the law, otherwise surcharges and additional interests will be generated in your registry tax. This is the most effective method of control, organization and updating of the legal entity.

9. Open a bank account in the name of the company

   Finally, It is important to choose the right bank according to the company’s needs. In Colombia, it is only possible to open a corporate bank account once the company is registered at the Chamber of Commerce. Furthermore, it must already have the Tax Identification Number assigned.

   Each bank offers different types of accounts with many benefits depending on the agreement and goals of the company. We recommend that the bank offers good pricing structures for international transactions.

   Also, it is important to consider that some banks may have foreign transaction restrictions for companies that have foreign shareholders. It is crucial to take this into account as part of your company establishment strategy, as identifying a bank that has flexible policies will determine when your new company can start its operations.

Get Assistance from Easyco Experts!

Colombia is in constant growth and always looking to simplify its processes for incorporation. However, registering a company in a Caribbean country can still be very challenging. To make sure you register your company in Colombia in the right way, you can get in touch with us, and our team of experts is going to make sure it complies with all Colombian laws.

At Easyco, we make company formation in Colombia easy; our team of corporate experts has vast experience helping companies and individuals register their business in Colombia, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM and makes business registration easy by providing a hassle-free online company registration experience. Start your company in Colombia today!

Easyco also provides additional services to guarantee your company’s compliance, which include:

• Appointment of legal representation,

• Providing a registered office address

• Handling tax and accounting

• Hassle-free Payroll Services

• Manage your Company bank account opening

• Manage your Trademark Registration

• Corporate Legal Services

The post How to Register a Company in Colombia: Company Formation appeared first on EasyCo.