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Frequently Asked Questions
Can I open a company in Colombia as a foreigner?
Yes. Colombia allows foreign individuals and companies to open a business. You do not need to be a resident, and the process can be completed remotely through a power of attorney. If you do not plan to reside in the country, it is necessary to appoint a legal representative based in Colombia.
What is the most common type of company in Colombia?
The most popular structure is the SAS (Simplified Stock Company). It offers flexibility, limited liability, and can be formed by a single shareholder.
Do I need to be physically in Colombia to register my company?
No. The entire process can be done remotely. We can assist with drafting and notarizing the required power of attorney to act on your behalf.
How long does it take to register a company in Colombia?
On average, the process takes 7 to 15 business days, depending on the type of company and whether all documents are ready.
Can I open a business bank account from abroad?
Opening a bank account usually requires at least one visit to the bank or a local legal representative. We guide you through the process and help you prepare the necessary documentation.
Do I need a local partner or representative?
No. You can be the sole shareholder and legal representative, even as a foreigner. However, for many formal procedures in Colombia, having a legal representative based in the country is required. That is why you need a local legal representative as part of the company registration process.
Is Colombia a good country for investment?
Yes. Colombia has a growing economy, multiple free trade agreements, and an expanding digital ecosystem. It offers many opportunities for entrepreneurs, especially in tech, services, and e-commerce.
What are the main taxes my company will pay?
The main taxes include corporate income tax, VAT (if applicable), and payroll-related contributions. We provide tax advisory as part of our backoffice services.
Can I protect my brand in Colombia?
Absolutely. We help you register your trademark with the Colombian SIC and ensure your brand is legally protected in the country.
Do you provide services in English?
Yes. Our entire team offers bilingual support. All documents, reports, and communication can be delivered in English or Spanish based on your preference.