Looking to incorporate your company in Colombia? A company formation agent can provide expert advice and support to ensure full compliance with local regulations. They can help mitigate risks and maximize your chances of success. Other market entry options include hiring local staff through an EOR. Colombia’s economy is the fourth-largest in Latin America and the Caribbean, with a GNI of $6,510 per capita in 2019.
Colombia has free trade agreements with more than 60 countries and is a member of the Pacific Alliance, positioning it as an ideal destination for foreign investment and trade. Its strategic location and strong import/export sector make it a prime location for international businesses.
When working with a company formation agent, you can benefit from their local expertise and assistance in navigating Colombia’s legal and tax system. They can handle complex tasks such as filling out forms and represent your company before public entities.
The main benefits of working with a company formation agent in Colombia include specialist legal advice, time-saving, legal representation, and bilingual support. There are six key steps to forming a company in Colombia, including drafting a power of attorney, creating company bylaws, registering the company, obtaining a tax identification number, opening a corporate bank account, and starting operations.
Biz Latin Hub offers a complete portfolio of corporate legal, recruitment, and tax advisory services to support your business endeavors in Colombia and across Latin America and the Caribbean. Contact us for personalized assistance or a free quote.
