How to establish your company in Colombia: A practical guide

Do you want to start a business in Colombia? Here we tell you everything you need to know to make it legal and efficient.

1. Choose the right type of company

2. Prepare the required documents

3. Draft and sign the company bylaws

4. Sign the incorporation document

  • If your company has assets over 500 minimum wages or more than 10 shareholders, a public deed is required.
  • In most individual cases, a private document signed by you or your attorney is enough.

5. Register the company at the Chamber of Commerce

You (or your representative) must register the company at the Chamber of Commerce where the business will operate. This includes:

  • Submitting the signed incorporation document
  • Filling out the commercial registration form
  • Paying the applicable fees

Once registered, your company will legally exist in Colombia.

6. Get your Tax Identification Number (RUT)

After registering your company, you must obtain the RUT (Single Tax Registry) from the DIAN (National Tax Authority). This gives you a NIT (Tax ID Number) required to issue invoices and file taxes.

This process can be done by the legal representative or through a legal proxy.

7. Open a business bank account

With the company officially created and your RUT in hand, you can open a corporate bank account in Colombia. Requirements vary by bank but usually include:

8. Register accounting books and, if applicable, appoint a statutory auditor

9. Register your foreign investment (optional but recommended)

What’s next?

Need help with the process or looking for tailored guidance?

We assist foreigners in setting up and managing their businesses in Colombia — from legal setup and tax registration to accounting and beyond.
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