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Legal Forms of Companies

Sociedad con Responsabilidad Limitada or Ltda (limited liability company)
Number of partners: Between 2 and 25 partners.
Capital (max/min): No minimum capital.
Shareholders and liability: Their liability is limited to the amount of their investment.
Sociedad Anonima is a limited company.
Number of partners: Minimum of 5 partners, no maximum.
Capital (max/min): No minimum capital. At least 1/3 of the value of each share must be paid upfront. The remaining 2/3 must be turned over the following year.
Shareholders and liability: Their liability is limited to the amount of their investment.
Sociedad colectiva (partnership)
Number of partners: Minimum 2 partners.
Capital (max/min): No minimum capital.
At least 1/3 of the value of each share must be released. The remaining 2/3 must be paid in the following year.

Shareholders and liability: The partners are jointly and indefinitely liable.
The Sociedad en acciones por comandita (SCA) is a partnership limited by shares.
Number of partners: Two partners minimum: a general partner and a silent one.
Capital (max/min): No minimum capital.
Shareholders and liability: The liability of the general partner is unlimited. The responsibility of silent partners is limited to the amount of their investment.
Sociedad en Comandita Simple (SCS) is a limited partnership.
Number of partners: Two partners minimum: a general partnert and a silent one.
Capital (max/min): No minimum capital.
Shareholders and liability: The liability of the general partner is unlimited. The responsibility of silent partners is limited to the amount of their investment.
 

Business Setup Procedures

Setting Up a Company Colombia Latin America & Caribbean
Procedures (number) 7.0 8.0
Time (days) 10.0 25.2

Source: Doing Business - Latest available data.

 
The Competent Organisation
Companies are registered at their local Chambers of Commerce, for more information visit the website of the Confederation of the Chambers of Commerce of Colombia.
For Further Information
Consult the Doing Business Website, to know about procedures to start a Business in Colombia.
Register of commerce, Chamber of Commerce of Bogotá

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