Fees and timelines in 2022

Fees

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 types Cost Draft invoice
SLC (SAS) US$13,772 View invoice PDF
LLC US$13,390 View invoice PDF
PLC US$15,390 View invoice PDF
Bogota Free Zone US$16,740 View invoice PDF
Branch office US$17,200 View invoice PDF
Representative office US$15,200 View invoice PDF
Fast business setup solution + 6 months tax reporting US$42,150 View invoice PDF
Fast business setup solution US$27,740 View invoice PDF
Colombia LLC package US$31,550 View invoice PDF
Bitcoin LLC US$30,390 View invoice PDF

Click here to create your own Colombia invoice

Timelines

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

Service LLC PLC SAS Branch Rep Office
Engagement planning 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks
Company incorporation period 6 weeks 8 weeks 8 weeks 7 weeks 6 weeks
Bank account approval 4 weeks 5 weeks 5 weeks 5 weeks 5 weeks
Internet banking approval 3 weeks 2 weeks 2 weeks 2 weeks 2 weeks
Incorporation completion 1 week 1 week 1 week 1 week 1 week
Total engagement period 16 weeks 18 weeks 18 weeks 17 weeks 16 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