Corporate & SASFeatured
Forming a SAS (Simplified Stock Corporation) in Colombia: A Practical Guide
Why the SAS vehicle is the gold standard for international entrepreneurs entering Colombia, covering bylaws, tax IDs (RUT), and corporate bank accounts.
- Author
- Capital M Law Team
- Published
- Reading time
- 4 min read
Share
Why Choose a SAS Company?
The Sociedad por Acciones Simplificada (SAS), created under Law 1258 of 2008, revolutionized corporate law in Colombia. It is by far the most agile and flexible corporate structure for foreign entrepreneurs and investors.
Key Advantages
- Single Shareholder Allowed: You can incorporate with 100% foreign ownership and just one natural person or corporate shareholder.
- Limited Liability: Shareholders are exclusively responsible up to their subscribed capital contributions.
- Flexible Bylaws: Great liberty in structuring voting rights, share classes, dividend distributions, and board provisions.
Incorporation Steps
- Drafting Corporate Bylaws: Tailored estatutos defining registered business address, commercial purpose, legal representation, and powers.
- Chamber of Commerce Registration: Filing at the Cámara de Comercio de Medellín para Antioquia to obtain the legal Certificate of Existence and Legal Representation.
- Tax Identification (RUT - DIAN): Obtaining the corporate tax ID from the national tax and customs authority.
- Opening Corporate Bank Account: Submitting beneficial ownership documentation to comply with SAGRILAFT and anti-money laundering regulations.