Incorporating in Colombia

Does anyone here have any resources? Perhaps a government site or two outlining the process?

By deathnova on Apr 19, 2008, 10:42 in Friendly Talkzone.

Gator says on Apr 19, 2008, 14:22:

The areas of concern are covered in the Colombian Code of Commerce, Book Two, article 98
and following Law 222 of 1995,Tax Code, article 794 and Law 80 of 1993, article 7, Paragraph 3.
What type of company: General Partnership, Limited Partnership, Limited Partnership by
Shares, Corporation or a Limited Liability Company?

"Brevior Sltare Cum Deformibus Mulieribus Est Vita!" .

pilotguy says on Apr 20, 2008, 10:03:

Get a good accountant, pay him and he will help you a lot. My experience. joe

getting better says on Apr 20, 2008, 11:53:

There are other threads on this site if you search it. But it's not too hard to incorporate, complying with rules once you are incorporated is quite a burden on a small company, and incorporation is not a step to be taken lightly. I doubt one can fulfil all the requirements for a cost of less than a million pesos a month overheads.

Frank Rizzo says on Apr 20, 2008, 11:56:

hi getting better, ummmmm we pay our accountant 500k a month for full service on the business, homes, etc..paying all insurances, taxes, accounting of money entering the country, all forms, etc...

getting better says on Apr 20, 2008, 12:33:

You need a legal representative as well, and I think perhaps a revisor(a) fiscal (the accountant may get a colleague to act as that and one of them sign in each function).

Ctg Bound says on Apr 20, 2008, 12:37:

getting better,

You don't need a proper legal rep, you can put yourself down or a partner.

I estimate my compliance costs are about 1.3 million pesos a month each for two small companies.

webmanco says on Apr 20, 2008, 12:39:

http://www.bogotaemprende.com/

But, I'm going to start making some assumptions here.... Which means I might actually end up making an ass out of myself ..........Thu 04 17, 2008 11:34 am

Frank Rizzo says on Apr 20, 2008, 12:40:

Yep, it's closer to your estimate of the 1MM, with the limited power of atty. at the law office. They can sign all contracts, installing gas, telephone, internet, i wasn't counting the legal fees......(500k for the atty's/month)...