www.doingbusinessincolombia.com
EMAIL info@doingbusinessincolombia.com
TEL +57-305-461-9162
Most of our US clients believe they can do business without a corporation. We tell them that it is fine, but they get exposed to lawsuits and labor situations with their own personal assets. That’s why we recommend creating a Colombia corporation when doing business in Colombia.
In Colombia the types of corporations available to incorporate a business are the following
- Joint Capital Stock Corporation (in Spanish: Sociedad Anónima)
- Simplified Joint Capital Stock Corporation (in Spanish: Sociedad por acciones simplificada)
- Limited Liability Company (in Spanish: Sociedad de Responsabilidad Limitada)
- Limited partnership issuing shares or simple, (in Spanish: Sociedad en comandita por acciones o simple)
- In addition, foreign business may also incorporate a branch domiciled in the Colombian territory.
Please bear in mind that the most common corporate vehicles correspond to (i) the Simplified Joint Capital Stock Corporation; and (ii) a branch ( establecimiento de comercio).
If you have questions, please contact us for further consultation.
www.doingbusinessincolombia.com
EMAIL info@doingbusinessincolombia.com
TEL +57-305-461-9162