Business structure in Colombia

Incorporating a foreign company

Representative office:
Can only handle the interests of the company or its subsidiaries. Not allowed to do business or carry out transactions entailing income.

Branch
In order for a foreign company to be able to do business locally it must set up a branch with a registered office in the country.

Setting up a company in Colombia

Simplified company by shares
This is incorporated by means of a private document at the Chamber of Commerce or by a notarised public deed with one or more shareholders liable for the amount of capital that they have contributed to the company.

Limited company
From two to twenty-five shareholders, liable for their own contributions.

Public limited company (corporation)
At least five shareholders liable for sums up to the amount of their own contributions.

General partnership
Two or more shareholders liable on a joint and several, unlimited and subsidiary basis for all company operations.

Closed limited partnership
One or more managing partners and one or more silent or capital partners. The managing partners are liable on a joint and several unlimited and direct basis for operations and the silent partners are only liable for their own contributions.

Limited joint stock partnership
One or more managing partners and at least five silent or capital partners. The managing partners are liable on a joint and several unlimited and direct basis for operations and the silent partners are only liable for their own contributions.