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What are shares in a Colombian corporation?
Colombia Shares are financial instruments that represent ownership in a company’s capital stock. When an individual acquires shares, they become a partner in the company and gain both economic and political rights.
These rights allow shareholders to engage in the following activities:
Economic rights and Political rights
The freedom to trade shares. Participation in the Colombia company’s management.
Participation in dividends and appreciation of Colombian company. Ability to participate and vote in Shareholders’ Meetings.
Receiving a portion of the company’s assets in case of liquidation. Access to company information.
According to Article 377 of the Code of Commerce, shares can be either registered (nominative) or bearer. However, it is important to consider the provisions of Decision 291 of 1991 issued by the Andean Community of Nations. Article 9 of this decision stipulates that the capital stock of stock companies must be represented by registered shares. Therefore, in Colombia, stock companies must issue registered shares and are prohibited from issuing bearer shares.
If you have further question, please contact us.
www.doingbusinessincolombia.com
EMAIL: info@doingbusinessincolombia.com
TEL +57-305-461-9162
