To get started, it should be noted that in Colombia there are six types of companies that can be incorporated:
Simplified Stock Company, Corporation, Limited Liability Company, General Partnership, Limited Partnership, and Limited Partnership by Shares. However, the Simplified Stock Company (S.A.S.) is the most commonly used among entrepreneurs due to its flexibility in incorporation.
To create a company, the partners must approve bylaws. These bylaws are the "rules of the game" that define the internal organization of the company, decision-making, and relationships among partners. These bylaws must include information such as the type of company, the activities it will engage in, the share capital, the form of administration, among other aspects.
Once the bylaws are drafted, they must be registered with the Chamber of Commerce corresponding to the place where the company will operate. Before taking this step, it is important to perform some key verifications, such as checking the company name in the Single Business and Social Registry (RUES) to avoid trademark conflicts. https://ruesfront.rues.org.co/
Likewise, you must check the trademark background with the Superintendency of Industry and Commerce, fill out the RUES form, verify the existence of the Single Tax Registry (RUT), and check the economic activity through the CIUU code. These steps are essential to ensure the proper registration and operation of the company, in accordance with the activity or business you wish to carry out.
Incorporating a company in Colombia requires following a series of steps and verifications to ensure its legality and proper functioning. With the right information and compliance with legal requirements, entrepreneurs can establish their business in a solid and secure manner in the Colombian market.
In summary, starting the process of incorporating a company in Colombia involves much more than a mere legal procedure; it represents a serious commitment to complying with a legal framework. For this reason, it is important to have the collaboration of specialized lawyers to ensure that each phase of the process aligns with current legal regulations and with the business project and vision you have or are developing.
At AZC Abogados, we are dedicated to providing legal advisory services, specialized in corporate and business law. Our goal is to ensure that the legal structure of your company is not only in full compliance with Colombian legislation but also optimized for long-term success and growth. Do not hesitate to start your own business and fulfill your entrepreneurial dream!