Real Estate Colombia

Services

Stress- Free Real estate Accounting

Managing your rental property accounting doesn’t have to be overwhelming. With our Smart Landlord Accounting service, you’ll have a dedicated accountant guiding you every step of the way, keeping your numbers in order, and ensuring tax compliance without surprises.

📅 Quarterly Strategy Meetings

Every quarter, we meet with you to review your financials, income, expenses, and profitability. This is where we make key decisions to optimize your taxes and improve your real estate portfolio’s financial health. This is also the official space to address deeper concerns and make necessary adjustments.

📊 Ongoing Access and Support

You don’t have to wait months to get answers. You can check your numbers and ask questions anytime. Our support includes:

✅ WhatsApp support for quick inquiries.
✅ Direct calls with your accountant when you need in-depth guidance.
✅ Service available in English and Spanish, perfect for global investors.

This service is designed so that you stay in full control of your finances—without the hassle of accounting tasks.

Real Estate Accounting

Smart Landlord Accounting

COP$1.200.000/month*

Up to 5 properties
10 expense invoices per month
5 sales invoices per month
Quarterly support with financial statements
WhatsApp support with assigned accountant
Tax preparation and compliance
*VAT Included

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Note: Before purchasing, schedule a meeting with us to analyze your case and choose the best option.

Limited Time Offer

Accounting software & electronic filing included

The accounting software is provided by us, so you don’t need to hire external services as long as you maintain the conditions of your plan. This will save you money on your accounting service, keeping your structure as lean as possible. We also include official electronic invoicing for the number of invoices defined in your plan, ensuring compliance with DIAN’s legal requirements.

A service designed for real estate investors with rental properties.

A streamlined accounting solution tailored for real estate investors managing rental properties. Our service simplifies financial tracking, tax compliance, and electronic invoicing, ensuring a hassle-free experience. Keep your operations efficient while staying compliant with tax requirements.

Limitations

To ensure the best service quality and compliance, our accounting services are subject to certain limitations. Please review the following restrictions to determine if our offering is the right fit for your needs:

The service is exclusively for properties operating as a single residential unit, such as those rented through Airbnb.
It does not apply to properties functioning as hotels or with multiple rental units.
Only fully completed properties are accepted (properties under development or construction are not allowed).

Do you want know more about our services?

Let’s Talk! Book a consultation to understand how we can help meet your accounting needs.

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Monthly Filing

Payroll & Social security

If you have employees hired under a labor contract with your company, you must report their information to the DIAN in the correct formats and within the established deadlines, as well as process social security payments with the appropriate calculations. But don’t worry—we’ll handle all of that for you if you need us to.

EVERY MONTH, companies must report updates and process contributions to social security and parafiscal funds to comply with the requirements of the UGPP (Pension and Parafiscal Management Unit). This entity is one of the most demanding and vigilant in ensuring compliance with employee payments. If you want to guarantee accurate compliance and contribution processing, Whole is here to help you maintain the peace of mind you need to focus on your company’s growth.

Regular employees

USD$42/mo

Up to 2 Employees
Without extra-hours

Flexible employees

USD$58/mo

Up to 2 Employees
With extra-hours

First time Enrollment

Social Security

For first-time Social Security registration in Colombia, your company must be affiliated with the required general services, including health insurance, pension plans, a family compensation fund, and professional risk administration. This registration for the company is completed once. However, each employee must be individually registered with these services to ensure compliance with Colombian regulations. Our service streamlines the process, handling both the company’s one-time registration and the individual registrations for your employees.

Company enrollment

USD$50

Employee enrollment

USD$45

Frequently asked questions.

FAQ’s

About our services

How are payments and adjustments handled for my subscription if I start mid-month or need additional features later?

When you subscribe, payments are debited on the 5th of each month. The first month’s fee is prorated based on the remaining days of that month only if there are no service movements during the current month. If you need additional features in the future, you can upgrade your plan, and the cost adjustment will take effect in the next billing cycle. Note: Applicable only to bookkeeping and accounting services.

Can I upgrade my subscription at any time?

Yes, you can upgrade your plan anytime. Changes will be applied from the next billing cycle, and any differences will be adjusted accordingly.

Do you offer refunds if I cancel mid-month?

No, once the subscription is activated, each month is billed in full.

What happens if my payment fails?

If a payment fails, you will receive a notification. We will attempt to process the payment again within the next few days. Access to services may be restricted until payment is completed.

Are discounts available for annual subscriptions?

Yes, we offer discounts for customers who choose an annual subscription.

Accounting FAQ’s

Is it possible to have a bookkeeping-only service without including accounting or tax-related services?

In Colombia, we do not offer standalone bookkeeping services without including accounting and tax-related support. This is because bookkeeping is closely tied to the accounting process and compliance with local tax regulations, which requires a more comprehensive approach to ensure accurate financial management and adherence to the law.

What are the main accounting standards used in Colombia?

Colombia follows the International Financial Reporting Standards (IFRS).

What is the fiscal year in Colombia?

The fiscal year is from January 1st to December 31st.

What is the VAT rate in Colombia?

The standard VAT rate is 19%, but reduced rates apply to certain goods and services.

How often should I file financial statements or forms in Colombia?

Financial statements must typically be filed annually, although tax returns are filed monthly or quarterly depending on the company’s activity (Withholding tax forms, VAT forms, ICA forms, Annual, Tax others).

Social Security FAQ’s

What are the mandatory contributions to social security in Colombia?

Employers and employees must contribute to health, pension, and occupational risk funds.

What is the employer’s contribution rate for social security?

Employers generally contribute 12% to pensions, 8.5% to health, and between 0.52% and 6.96% for occupational risks, depending on the level of risk.

If I am a foreign citizen with employees in Colombia, do I need to pay social security for them if I hire them through my company?

Yes, if you hire employees in Colombia through your company, you are legally required to pay social security contributions. These include health insurance (12.5% of salary, with 8.5% paid by the employer), pension contributions (16% of salary, with 12% paid by the employer), occupational risk insurance (percentage varies by job risk, fully paid by the employer), and family compensation fund contributions (4% of salary). These payments are mandatory and must be made monthly through the PILA system. Non-compliance can lead to fines and legal issues for your business.

What happens if a company fails to pay social security contributions?

Non-compliance can result in fines, legal sanctions, and the inability to deduct labor expenses for tax purposes.

How are social security payments made in Colombia?

Payments are made through the Integrated Contribution Payment System (PILA).

Do I need to meet any requirements to register my company for social security in Colombia?

In the United States, we do offer standalone bookkeeping services without including accounting or tax-related services. This flexibility allows businesses to maintain accurate financial records while managing their accounting and tax needs independently or through other providers.

Payroll FAQ’s

What are the minimum wage and benefits in Colombia?

The minimum wage for 2024 is COP $1,320,000 (subject to annual updates), plus a mandatory transportation allowance.

How often are employees paid in Colombia?

Employees are typically paid bi-weekly or monthly, depending on the contract.

What are the mandatory payroll deductions in Colombia?

Deductions include contributions to health, pensions, solidarity funds (for high salaries), and withholding taxes.

What are the employer’s obligations regarding severance pay?

Employers must provide severance pay (cesantías) and an annual interest payment of 12% on the severance amount.

Do employers need to provide additional benefits such as bonuses?

Yes, employers are required to pay a mid-year and year-end bonus (prima de servicios) equivalent to one month’s salary, paid in two installments.

Is there a payroll tax in Colombia?

Employers must pay a 9% payroll tax, which covers contributions to family welfare, training, and public education services.

United States Services

Accounting

We offer full accounting services to ensure financial accuracy.

Bookkeeping

Our bookkeeping services keep your financial records organized.

Payroll

Simplify payroll with our comprehensive, compliant solutions.