Open a Company in Colombia
7-12 business days
NIT
Required
Colombia has positioned itself as one of Latin America's fastest-growing business hubs, with a strategic location providing access to both Andean and Pacific markets. The country offers a relatively efficient incorporation process, a large consumer market of over 51 million people, and growing trade relationships across the region.
Simplified stock corporation, the most popular and flexible structure for foreign companies due to its ease of formation and operational flexibility
Traditional stock corporation, used for larger enterprises or public companies
Extension of a foreign entity, requires approval and registration with the Chamber of Commerce
The NIT (N煤mero de Identificaci贸n Tributaria) is Colombia's tax identification number, issued by DIAN (Direcci贸n de Impuestos y Aduanas Nacionales). It is required for all tax filings, business transactions, and regulatory compliance.
National tax and customs authority responsible for NIT issuance, tax compliance, and VAT administration
Bi-monthly VAT declarations
Corporate income tax filings
Annual renewal with the Chamber of Commerce
Monthly accounting and financial record maintenance
Colombia requires companies to have a legal representative (Representante Legal) who must be a Colombian national or hold legal residency. NavviPal provides a qualified local legal representative who acts solely on your company's instructions with full indemnity protections.
Company formation in Colombia typically takes 7-12 business days for a SAS structure, including Chamber of Commerce registration, NIT issuance, and initial compliance setup.
The SAS (Sociedad por Acciones Simplificada) is a simplified stock corporation that offers operational flexibility, easier formation, and lower ongoing compliance compared to traditional entity types. It is the most popular choice for foreign businesses.
Yes, Colombian companies must have a legal representative (Representante Legal) who is either a Colombian national or legal resident. NavviPal supplies a qualified representative who acts exclusively on your instructions.
Colombian entities must file bi-monthly VAT declarations with DIAN, submit annual corporate income tax returns, renew annually with the Chamber of Commerce, and maintain monthly accounting records.
NavviPal handles company formation, compliance, accounting, and tax obligations so you can focus on building your business.