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Types of Companies

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The most common company types used by foreign investors are:

  • Limited liability companies
  • Corporations
  • Simplified stock companies

Steps to incorporate a company in Colombia:

  • Formalization of the company bylaws by means of public deed before the notary
  • In the case of the simplified stock companies (Sociedades por Acciones Simplificadas - SAS) the bylaws can be done by a private document.
  • Filling out the 1648 Format, this can be found online at DIAN´s web site.
  • Registration before the Chamber of Commerce who issues the provisional certificate of existence and legal representation which will include the note “This NIT is only valid to request the opening of a bank account”.
  • Bank account opening. Note: The bank account is opened but blocked until the certificate of incumbency and the definitive RUT are submitted.
  • Formalization of the RUT before the DIAN.
  • Submit the copy of the RUT certificate before the Chamber of Commerce. The definitive certificate of existence and legal representation is issued in 24 hours.
  • Activation of the bank account. The definitive certificate of existence and legal representation must be submitted.
Corporate_Regulations.pdf 306.24 KB
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Proexport Colombia  is the bureau in charge of tourism, foreign investment and export promotion in Colombia.

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