How to Create a Colombian Corporation
At Colombia Legal & Associates SAS, we are experts in creating corporations and ensuring ongoing compliance with Colombian laws. We have assisted in the set up of hundreds of companies, including:
- Simplified Stock Corporations (known as SAS in Colombia)
- Multinational Corporations
- Sole Proprietorships
- Limited Liability Corporations and Partnerships
- Branch Offices of Foreign Companies
There are many good reasons to establish a Colombian corporation, including:
- holders and owners.
- Business owners may qualify for a Colombian residency visa.
- There are tax benefits.
- Shareholders are anonymous in the Colombian SAS and SA type corporations
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CL&A SAS has an experienced team of Colombian attorneys, Colombian accountants, and assistants who will streamline the process of setting up a Colombian corporation and prevent the headaches normally associated with creating a corporation. We will file the necessary documents and wait in multiple lines to complete your corporate formation.
Our team will handle all phases of the process and provide a transparent tracking system with daily updates so you can follow the creation of your corporation from start to finish. We also adhere to strict timelines to ensure you have a smooth experience. Below we have a time line which can help you to understand different steps involved in creating a SAS corporation in Colombia. What is important to understand is that the Chamber of Commerce or the DIAN could at anytime implement new requirements or have computer system errors.
Normally a couple times a year changes are implemented in one or more of these agencies and may cause delays in a company creation process. Also this time line is based on a person or persons being share holders. Normally multinational corporations setting up a company in Colombia will have a much larger lead time in preparing documents to be accepted by the DIAN and Colombian Chamber of Commerce. Please contact James Lindzey directly at James@MedellinAttorney.com for more information on this process. Keep the following time line in mind when you are studying how to Create a Colombian Corporation.
Requirements for all colombian corporations
1) Tax Filings – Every form of Colombian corporation must file tax documents throughout the year. Some companies are obligated to file monthly, while others need to report every few months.
2) Colombian Accountants – All companies must have an accountant to manage payment of sales tax and withholding taxes for providers and employees, if applicable. Accountants also must pay employee taxes which are similar to employee benefits in other countries. The accountant must have current understanding of Colombian labor laws to maintain legal compliance because the Ministry of Labor in Colombia favors employees and protects their rights when interpreting the Colombian Constitution in a dispute.
Our Story
Medellin Lawyer and Visas by James were originally founded by James Lindzey, who has worked as a private investigator and paralegal in the United States from the 90s until he moved to Colombia in 2005. James arrived in Colombia in 2005 and started doing visas for expats in 2007.
In addition to our visa services, our agency offers a full range of legal and accounting services to our clients. We are able to assist better in document collection services in the United States because of James’s legal experience in the United States.
Our Story
James Lindzey founded the website ColombiaVisas.com, which is constantly updated with new information explaining visa resolutions, procedures, and laws in Colombia to expats. James has worked as a private investigator and paralegal in the United States through the 90s until he moved to Colombia in 2005. James arrived in Colombia in 2005 and started doing visas for expats, but currently works as Director of Legal Services for Visas by James, and Colombia Legal & Associates SAS since June of 2023.
Colombia Legal & Associates acquired the brand name Visas by James as it became a more familiar and easy way for foreigners to remember the business, than the previous Visas y Tramites Internacionales.
While MedellinLawyer.com focuses more on legal issues for expats, ColombiaVisas.com focuses more on visas, and holds the trademark Visas by James. ColombiaVisas.com is the oldest website and provider of visa information for expats in Colombia. We are proud to be the first and always on the cutting edge of providing interactive website content to our visitors.
In addition to our visa services our agency offers a full range of legal and accounting services to our clients. We are able to assist better in document collection services in the United States because of James previous legal experience in the United States.
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