Fees and timelines in 2023


payment by instalmentIncorporation costs in Year 1 amount to US$6,875 and annual company costs in Year 2 and thereafter amount to US$1,060. The average total fee per Colombia engagement amounts to US$13,772, which includes company incorporation and opening a local corporate bank account and all government fees. Refer to draft invoice embedded here.

Different Colombia entity typesCostDraft invoice
SLC (SAS)US$13,772View invoice PDF
LLCUS$13,390View invoice PDF
PLCUS$15,390View invoice PDF
Bogota Free ZoneUS$16,740View invoice PDF
Branch officeUS$17,200View invoice PDF
Representative officeUS$15,200View invoice PDF
Fast business setup solution + 6 months tax reportingUS$42,150View invoice PDF
Fast business setup solutionUS$27,740View invoice PDF
Colombia LLC packageUS$31,550View invoice PDF
Bitcoin LLCUS$30,390View invoice PDF

Click here to create your own Colombia invoice


The average Colombia company registration period is 16 weeks as outlined below:

ServiceLLCPLCSASBranchRep Office
Engagement planning2 weeks2 weeks2 weeks2 weeks2 weeks
Company incorporation period6 weeks8 weeks8 weeks7 weeks6 weeks
Bank account approval4 weeks5 weeks5 weeks5 weeks5 weeks
Internet banking approval3 weeks2 weeks2 weeks2 weeks2 weeks
Incorporation completion1 week1 week1 week1 week1 week
Total engagement period16 weeks18 weeks18 weeks17 weeks16 weeks

colombia business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Colombia, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
Guide to invest in Colombia free trade zone banco central de colombia Colombia's Minister of Trade, Industry and Tourism colombia government website Colombia's Ministry of Foreign Affairs - visa application