Colombia is located at the northwest tip of South America, close to the Panama Canal, the main artery of international shipping, and is the only two-ocean country in South America and the gateway to South American land transportation. Colombia has a relatively broad market and huge potential for economic development. In the past 10 years, Colombia's economy has maintained a steady growth trend and is now the fifth largest economy in Latin America.
1. Company registration conditions:
1.Provide 3 names, check the name
2.At least 1 local legal representative can set up a Chinese director.
3.SAS type company with at least one shareholder.
4.Registered capital: 1000USD-3000USD is recommended (the higher the registered capital, the higher the annual inspection fee);
2. Required Documents:
1.Corporate Shareholders: POA (Chamber of Commerce, Tax Office Individuals, Tax Office Companies, Banks).
Chinese company: business license, articles of association, legal person passport.
Hong Kong: Certificate of Incorporation, Articles of Association, NNC1 NAR1, Director's Passport.
Singapore: ACRA, Bizfile, Constitution, Directors Passport.
2.Individual Shareholders: Passport, POA (Chamber of Commerce, Tax Office Individual, Tax Office Company, Bank).
3.Articles of Association of Colombia (drafted by Jilian).
4.Chinese Director's Documents (LR Documents).
*All the above documents are translated into Spanish, notarized and authenticated by Apostille.
3. Registration process:
1.Prepare documents (company name, company type, business scope, registered address, registered capital, list of members, etc.).
2.Determine 1-3 company names and verify the name.
3.Drafting of company formation documents.
4.Notarization and legalization of shareholder documents and POA power of attorney.
5.Submit for company registration.
6.Apply for a certificate of registration.
7.Tax registration.
8.Opening a bank account.
Fourth, tax issues:
Colombia's tax system is concentrated in the control of taxes, and there are very few taxes that can be levied at the local level. The country implements a unified tax system based on income tax and value-added tax. The main national taxes are income tax, fair tax, temporary income tax, property tax, value-added tax, financial transaction tax, stamp duty, deed tax and consumption taxLocal taxes mainly include industrial and commercial tax, real estate tax, consumption tax and license plate tax. For more details please +wt8348259
Taxation in Colombia is based on the taxpayer's place of residence rather than nationality: businesses incorporated in Colombia as separate legal entities, as well as natural persons domiciled in Colombia, are taxed on their worldwide income;Foreign businesses (including branches) that are not registered as separate legal entities in Colombia, as well as natural persons whose place of residence is not in Colombia, are only taxed on their income in Colombia.