SAS Company Incorporation in Colombia: Fast & Secure

In Colombia, a SAS (Sociedad por Acciones Simplificada) is a form of commercial company characterized by being agile, flexible and of simplified incorporation created by law 1258 of 2008\. Unlike other types of companies, such as the corporation (S.A.) or the limited liability company (S.R.L.), the SAS offers several benefits and facilities for entrepreneurs and businessmen. The following are some of the benefits of incorporating a SAS in Colombia: ## Simplified constitution The creation of a SAS is faster and simpler compared to other types of companies. It can be constituted by means of a private document, except if assets subject to public deed are contributed in its constitution, in which case it must be constituted by means of a public deed. The only special formalism is the need to authenticate the private incorporation document by all those who participate in it, an authentication that is not a public deed, but a simple acknowledgment of signatures before a notary. ## Flexibility in the structure The SAS allows to adapt the structure and operation of the company according to the needs and characteristics of the partners. Different classes of shares may be established, granting specific rights and obligations to the shareholders. In addition, the SAS does not require a board of directors, which simplifies decision making. ## Limited liability As in other types of partnerships, the SAS offers limitation of liability for the partners. This means that the shareholders are not personally liable for the debts and obligations of the company, but their liability is limited to the capital contributed. ## Ease of administration The SAS allows a more flexible and agile management, since it does not require complex administrative bodies such as a board of directors. The partners are free to agree on how the decisions and administration of the partnership are to be carried out. ## Simplified taxation In tax terms, the SAS offers simplified taxation compared to other types of companies. The SAS is subject to a special regime called Simple Taxation Regime (RST), which simplifies the calculation and payment of taxes. ## Number of members The simplified joint stock company may be incorporated by one or more individuals or legal entities, who shall only be liable up to the amount of their respective contributions. These are just some of the most outstanding benefits of incorporating a SAS in Colombia. However, it is important to keep in mind that each business situation is unique, so it is advisable to seek proper advice from legal and accounting professionals to evaluate the options and determine which type of corporation best suits your particular needs and objectives. Cybergraphy: <https://www.gerencie.com/principales-caracteristicas-de-una-sociedad-por-acciones-simplificada-sas.html> <https://www.rankia.co/blog/mejores-cdts/3759467-sas-colombia-definicion-caracteristicas-ventajas>

This is a common question that many people ask themselves when starting a business in the country. While the answer to this question varies depending on a number of factors, here is a rough guide to the costs you can expect when starting a business in Colombia. ### Types of Companies in Colombia First of all, you should know that in Colombia, it is possible to create different types of companies, among them, Corporations (S.A.), Limited Liability Companies (Ltda.), Simplified Joint Stock Companies (S.A.S.), Sole Proprietorships, among others. Creation costs vary according to the type of company you want to create. ### Limited Partnership To create a limited liability company in Colombia, the costs vary according to the capital you wish to invest. The minimum cost for the creation of a limited liability company is approximately 2.5 million Colombian pesos. This amount includes the costs of registration with the Chamber of Commerce, attorneys’ fees, and other administrative expenses. ### Limited Liability Company In the case of a corporation, start-up costs may be higher due to the higher minimum investment required. To create an S.A., a minimum capital of 50 million Colombian pesos is required. In addition, legal fees and registration costs are also higher compared to the creation of a limited partnership. ### Simplified Joint Stock Company [To create a Simplified Joint Stock Company S.A.S.](https://serviciolegal.com.co/legal-formalities/registration-of-incorporation-of-s-a-s-company/?lang=en) in Colombia involves different costs that must be considered by entrepreneurs. These costs include legal formalities, preparation of bylaws and registration with the Chamber of Commerce. In addition, it is also necessary to take into account the incorporation expenses, such as legal and notary fees. On average, the total cost of creating a SAS company in Colombia can range from 2 to 5 million Colombian pesos. It is important to keep in mind that costs may vary depending on the size of the company and the services required. ### Sole Proprietorship Another type of company you can consider is the Sole Proprietorship. This is an attractive option for those who wish to create a business on their own, since it does not require a minimum capital for its creation. However, you should keep in mind that registration and other administrative costs may vary depending on the city in which you wish to establish your company. In addition to start-up costs, you should consider other expenses that may arise when setting up your business. For example, you should consider renting premises, paying taxes, hiring employees, and other operating expenses that may arise when running your business. In summary, the costs of creating a company in Colombia vary according to the type of company you wish to create and the administrative expenses that may arise at the time of establishing your business. While the costs may seem high, it is important to remember that an investment in your own business can bring great rewards in the long run. In conclusion, if you are interested in creating a company in Colombia, it is important that you are well informed about the costs and legal requirements to establish your business.

Starting a business in Colombia is a process that can seem intimidating, but with the right guidance and advice, it is possible to establish a successful business. In this article, we will explain the key steps to create a company in Colombia and the important considerations you should take into account during the process. ### Define the Legal Structure of your Company Before creating your company, you must decide what legal structure will be best for your business. In Colombia, the most common options are [the Simplified Joint Stock Company (Sociedad por Acciones Simplificada, SAS)](https://serviciolegal.com.co/crear-empresa-en-colombia/), the Public Limited Company (Sociedad Anónima, SA), among others. Each legal structure has its own advantages and disadvantages, so it is important to do careful research before making a decision. ### Choose a Name and Register your Company Once you have chosen the legal structure of your company, you must choose a name and register your company. Registration is done through the [Chamber of Commerce](https://www.camaramedellin.com.co/) of the city where the company will be located. It is important to make sure that the name chosen is not already registered and that it complies with the Chamber of Commerce rules. ### Obtain a Tax ID After registering your company, you must obtain a tax ID. This process is carried out through the National Tax and Customs Directorate ([DIAN](https://www.dian.gov.co/)). Tax identification is required to conduct business transactions and pay taxes. ### Obtain a Business Bank Account To keep your personal and business finances separate, it is important to open a business bank account. This will make it easier to track your company’s income and expenses and will also help you file accurate tax returns. ### Register your Employees If you plan to have employees, you must register them with the Pension and Severance Funds Administrator (AFP) and the Social Security Health System. This ensures that your employees are protected by social security and have access to health care and other benefits. ### Obtain the necessary permits Depending on the type of business you are starting, you may need to obtain additional permits before you begin operating. For example, if you are opening a restaurant, you must obtain a health permit and comply with health regulations. ### Start of operations Once you have completed all the above steps, you can start operating your business. It is important to have a solid business plan and a clear strategy to attract customers and grow your business. In conclusion, establishing a company in Colombia is not a complicated process, but it is important to follow the necessary steps to ensure that your business complies with local rules and regulations. Defining the legal structure of your company, choosing a name and registering your company, obtaining a tax ID and a commercial bank account, registering your employees, obtaining the necessary permits and starting operations are the key steps to create a successful company in Colombia.

If you are thinking of creating a company in Colombia, it is important that you know the documents you need to carry out this process legally and effectively. In this article, we will explain which are the most important documents you need to create a company in Colombia. First of all, it is important to keep in mind that the process of creating a company in Colombia may vary depending on the type of company you want to create and the city where you are located. However, the documents you generally need are as follows: ### Identification of the legal representative This document is essential to start the process of creating your company in Colombia. You must have your citizenship card or passport, depending on your nationality. ### Certificate of existence and legal representation This document can be obtained at the Chamber of Commerce of your city and is an indispensable requirement to register your company in the Commercial Registry. This certificate indicates that the company is registered in the Chamber of Commerce and who is the legal representative. ### Sole Taxpayer Registry (RUT) The RUT is a document that identifies you before the National Tax and Customs Directorate ([DIAN](https://www.dian.gov.co/)) as a taxpayer. You must register in the RUT in order to obtain your NIT (Tax Identification Number) and thus be able to invoice and carry out other tax procedures. ### Deed of incorporation It is a legal document that is signed before a notary and in which the characteristics of your company are established, such as the corporate purpose, the capital, the legal form and the partners or shareholders, among others. It is important that you consult a lawyer to draft this document correctly. ### Bylaws These are the internal rules of the company and establish the rules to be followed by the partners or shareholders, the board of directors and other governing bodies of the company. They must also be registered with the [Chamber of Commerce](https://www.camaramedellin.com.co/). ### Accounting books It is important that you keep an organized accounting system from the beginning of your business. To do so, you must keep the mandatory accounting books, such as the journal, the general ledger and the inventory and balance sheet ledger. ### Employer registration If your company is going to have employees, you must register as an employer with the [Ministry of Labor](https://www.mintrabajo.gov.co/) and comply with all labor obligations established by law. These are the main documents you need to create a company in Colombia. Remember that it is important that you consult with a [lawyer](https://serviciolegal.com.co/legal-formalities/registration-of-incorporation-of-s-a-s-company/?lang=en) and an accountant to ensure that you comply with all legal and tax requirements. In summary, if you are thinking of creating a company in Colombia, it is important that you take into account the documents you need to carry out this process legally and effectively. The identification of the legal representative, the certificate of existence and legal representation, the RUT, the articles of incorporation, the bylaws, the accounting books and the employers’ registry are the main documents that you must take into account to create your company in Colombia.