10 steps to incorporating in Colombia

Incorporation of a company in Colombia can be completed in an average of four months. By using Healy Consultants’ services, our Client will avoid travelling to Colombia. He will merely have to sign a Power of Attorney to our Colombian business incorporation agent who will then complete all procedures on his behalf, including the opening of a corporate bank account in Colombia for the company. The typical procedures are as follow:
business incorporation details for entrepreneurs

  1. Prior the incorporation of a business in Colombia, Healy Consultants expects our Clients to i) settle Healy Consultants’ fees applicable to the engagement ii) sign and return our engagement agreement letter and iii) provide all the required due diligence documents;
  2. Healy Consultants will then draft a detailed project plan mapping out a step by step the engagement, from Colombia company incorporation to corporate bank account approval. This document optimizes transparency and sets our Client’s expectations with regards to the expected end date of the engagement;
  3. Healy Consultants’ Colombia incorporation team prepares and sends our Client the Memorandum and Articles of Association together with the shareholders and directors consent forms for the Client’s signature. Our Client subsequently couriers back these documents to Healy Consultants’ head office;
  4. After agreeing with the Client on the optimal corporate structure for the proposed Colombia company, Healy Consultants will prepare the required incorporation documents and register the company with the Registry of Commerce of the city of incorporation. These procedures also enable us to obtain a pre-taxpayer ID from the local authorities;
  5. Healy Consultants International Banking Team assists our Client to open a corporate bank account in Colombia with an international bank providing excellent internet banking facility. Our Client then deposits the required paid up share capital;
  6. Healy Consultants Colombia Incorporation Team then registers with the National Tax and Customs Office (DIAN) and obtains the final taxpayer ID number;
  7. Subsequently, Healy Consultants will register the new Colombian company with the following institutions: i) the Governmental Learning Service (SENA) ii) the Family Compensation Fund and iii) the Colombian Family Institute (ICBF), for the purposes of social security and payroll contributions;
  8. Healy Consultants will also register the company with i) Administrator for Professional Risks (ARL) to cover workplace injuries and illness and ii) Colombia Colpesiones for purposes of pension;
  9. If required, Healy Consultants will assist our Client to register employees for the Mandatory Health Plan (POS) with the Colombia Ministry of Health and Social Protection;
  10. After successful incorporation of the Colombia company, Healy Consultants will courier, to our Client’s preferred international address, the complete company kit including i) original corporate documents ii) an unopened bank correspondence and iii) Client engagement feedback survey for him to assess the quality of our Colombia business incorporation services.

Contact us

For additional information on our incorporation 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