Incorporate and Register a Company in Colombia
It is a process that requires some specific requirements to guarantee its legality and proper operation.
In this article, we will review some of the steps and requirements necessary to incorporate and register a company in Colombia.
Defining the Legal Form of the Company
The legal form is the legal framework within which the company is constituted and defines its structure and operation.
Some of the most common legal forms in Colombia are the corporation (S.A.), limited liability company (Ltda.), simplified joint stock company (SAS), and sole proprietorship. The choice of legal form will depend on the needs and objectives of the company.
Define the Corporate Purpose of the Company
The corporate purpose of the company is the set of economic activities to be carried out by the company.
It is important to clearly define the corporate purpose to avoid confusion and limitations in the future. The corporate purpose must be in line with the chosen legal form.
Incorporate the Company
The incorporation of the company involves the preparation of the bylaws, the drafting of the public deed and the registration at the Chamber of Commerce.
The bylaws are the document that regulates the internal operation of the company and must be approved by the founders. The public deed is the document that formalizes the creation of the company before a notary public.
The Registro Único Tributario (RUT) is a tax identification number assigned to the company.
It is necessary to obtain the RUT to carry out any procedure related to taxes and tax obligations.
Obtaining the NIT
The Tax Identification Number (NIT) is the identification number assigned to the company.
It is necessary to obtain the NIT to carry out procedures related to taxes and tax obligations.
Thus, incorporating and registering a company in Colombia requires some specific requirements that must be met in order to guarantee its legality and proper operation.
It is important to define the legal form and corporate purpose of the company, incorporate the company through the bylaws, public deed and registration at the Chamber of Commerce, and obtain the RUT and NIT to comply with tax obligations.
In addition to these requirements, it is also important to consider other legal and accounting aspects, such as opening a business bank account, obtaining permits and licenses, and hiring a statutory auditor if necessary.
Professional legal and accounting advice can be of great help to ensure compliance with all requirements and avoid problems in the future.
In summary, the incorporation and registration of a company in Colombia implies compliance with several legal and tax requirements.