How to Form a Company in Colombia

Colombia has proven itself to be one of the more promising countries to do business in Latin America. The country demonstrates several economic strengths. Increasing flows of foreign direct investment into the country are supporting a flourishing business environment and is pushing Colombia to spearhead significant economic opportunities, such as the emerging cannabis market.

Although Colombia’s market is enticing, it can nevertheless be challenging to do business in a country where one does not fully understand the regulations and laws to form a company there.

Colombian commercial law is clear, and there’s plenty of support on standby from local institutions that want to see new businesses succeed. To carry out commercial operations in Colombia, foreign investors do not need a local partner or investor. The entire equity of a corporate entity can be foreign owned and there few restrictions to subsequent repatriation of profits overseas. There are several different types of companies/legal entities in Colombia and the type of company must be chosen according to the needs of the business and the legal framework which fits the business model.
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. We are confident it will help! If you have any more questions about how to incorporate your company in Colombia, reach out to our friendly local team.

Learn more about our accounting and legal experts, and the company formation support we can provide.

Schedule a Consultation

We deliver a fully integrated and complete back office solution to help your organization in meeting its business expansion, entity formation, hiring and operational goals.

Our team of legal, accounting and back office specialists are waiting to help you get started