What is a Colombian SAS Corporation?

Establishing a Colombian SAS is easy and the requirements are simple; thus, this is generally the best type of company for entrepreneur in Colombia.

Only one person is needed to start the company, and the incorporation documents are private. A Registered Notary is involved only when assets are paid into the company and a deed of transfer occurs. The simplified process also reduces associated transaction costs and government involvement.

What is a Colombian SAS Corporation
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What is my personal liability with a SAS?

SAS shareholders are personally liable only if there is legal fraud. There is no personal liability for corporate actions, including labor and tax issues. This form of corporation requires no paid-in capital at the time of formation and allows a two-year window to fund the corporation.

Under certain circumstances, an auditor may not be required since a certificate of accountant can replace an auditor’s opinion when needed by law.

Who can create a SAS?

Anyone with a Tourist Visa who wants to set up a business in Colombia is eligible to form a SAS. Business owners may also apply for a Residency Visa once the corporation is established, assuming they meet the minimum investment threshold needed to qualify for a visa. CL&A can assist in visa applications as well.

How long does it take to set up?

The entire process can take between five business days and three weeks, depending on the complexity of the company and whether all of the founding members are located in Colombia. If an owner wants to apply for a residency visa through the SAS process, it can take an additional three to five business days. See our timeline for setting up a Colombian corporation and getting an investor’s visa.

Readers exploring What is a Colombian SAS Corporation? might also want to check out these related posts: How to Setup a Colombian Corporation, Corporate Accounting in Colombia, Colombian Labor Contracts, How to Create a Colombian Corporation, and Employee Affiliations in Colombia.

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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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