JD Supra Colombia
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- JD Supra
- Publication date:
- 2019-04-29
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Latest documents
- Establishing a Business Entity in Colombia (Updated)
DOING BUSINESS IN COLOMBIA - 1. Preliminary Considerations: In Colombia, a foreign company is able to act and do business by itself, for example, by contracting with local entities or investing foreign currencies. Entering contracts, such as joint ventures, with local corporations or persons, depends on commercial negotiations, more than on legal requirements. Foreign investment, on the other hand, is subject to different regulations and to the Central Bank supervision and regulation (more information below). However, when a foreign company, not only has investments in Colombia, but also desires to perform “Permanent Activities” in its territory, legal provisions require it to establish a branch or a subsidiary in Colombia (Article 471 of the Commercial Code). Colombian legal provisions do not provide general criteria for what should be understood as “Permanent Activities”, however article 474 of the Commercial Code contemplates a non-taxative list of activities that are considered as permanent, which are: 1. “Opening commercial establishments or business offices, even if they only provide technical or consulting services. 2. Intervene as a Contractor in the execution of works such as a construction or rendering of services. 3. Participate in any way in activities of management, use or investment of funds from private savings.
- Buying and Selling Real Estate in Colombia (Updated)
KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER COLOMBIAN LAW- 1. Standard Forms of Agreements to buy and sell Real Estate: Despite the existence of several types of agreements to implement real estate transactions in Colombia, the most common forms of agreements used to acquire real estate properties are the promise to sale and purchase agreement and the sale and purchase agreement.
- Taxpayers under obligation to the Transfer Pricing regime and corresponding due dates – Fiscal Year 2022
The Colombian Transfer Pricing (TP) regime is aligned with the international standards established by Action 13 of the BEPS OECD / G20 project, adapting the scope of the supporting documentation and defining the following formal duties... Please see full Publication below for more information.
- Main corporate obligations for year 2023
As we look to contribute to the annual planning of your company or branch legal obligations in Colombia, Dentons would like to share with you a general description of the main corporate duties that must be complied with during 2023. Please see full Publication below for more information.
- Buying and Selling Real Estate in Colombia (Updated)
KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER COLOMBIAN LAW - 1. Standard Forms of Agreements to buy and sell Real Estate: Despite the existence of several types of agreements to implement real estate transactions in Colombia, the most common forms of agreements used to acquire real estate properties are the promise to sale and purchase agreement and the sale and purchase agreement. Please see full Chapter below for more information.
- Establishing A Business Entity In Colombia (Updated)
DOING BUSINESS IN COLOMBIA - 1. Preliminary Considerations: In Colombia, a foreign company is able to act and do business by itself, for example, by contracting with local entities or investing foreign currencies. Entering contracts, such as joint ventures, with local corporations or persons, depends on commercial negotiations, more than on legal requirements. Foreign investment, on the other hand, is subject to different regulations and to the Central Bank supervision and regulation (more information below). However, when a foreign company, not only has investments in Colombia, but also desires to perform “Permanent Activities” in its territory, legal provisions require it to establish a branch or a subsidiary in Colombia (Article 471 of the Commercial Code). Colombian legal provisions do not provide general criteria for what should be understood as “Permanent Activities”, however article 474 of the Commercial Code contemplates a non-taxative list of activities that are considered as permanent, which are: 1. “Opening commercial establishments or business offices, even if they only provide technical or consulting services. 2. Intervene as a Contractor in the execution of works such as a construction or rendering of services. 3. Participate in any way in activities of management, use or investment of funds from private savings. Please see full Chapter below for more information.
- Establishing A Business Entity In Colombia (Updated)
DOING BUSINESS IN COLOMBIA - 1. Preliminary Considerations: In Colombia, a foreign company is able to act and do business by itself, for example, by contracting with local entities or investing foreign currencies. Entering contracts, such as joint ventures, with local corporations or persons, depends on commercial negotiations, more than on legal requirements. Foreign investment, on the other hand, is subject to different regulations and to the Central Bank supervision and regulation (more information below). However, when a foreign company, not only has investments in Colombia, but also desires to perform “Permanent Activities” in its territory, legal provisions require it to establish a branch or a subsidiary in Colombia (Article 471 of the Commercial Code). Colombian legal provisions do not provide general criteria for what should be understood as “Permanent Activities”, however article 474 of the Commercial Code contemplates a non-taxative list of activities that are considered as permanent, which are: 1. “Opening commercial establishments or business offices, even if they only provide technical or consulting services. 2. Intervene as a Contractor in the execution of works such as a construction or rendering of services. 3. Participate in any way in activities of management, use or investment of funds from private savings... Please see full Chapter below for more information.
- CREG presenta oportunidades de mejora para mercado mayorista de Gas Natural en Colombia
El pasado 24 de mayo, la Comisión de Regulación de Energía y Gas (CREG) de Colombia expidió la Circular No. 031 de 2021, a través de la cual publicó para comentarios el Documento 049 de 2021 – "Análisis de la Comercialización Mayorista de Suministro de Gas Natural desde la expedición de la Resolución CREG 089…
- Exequible unificación de requisitos de autorizaciones ambientales en Colombia
De conformidad con el comunicado No. 18 del 20 de mayo de 2021, la Corte Constitucional de Colombia, mediante Sentencia C-145 de 2021, resolvió declarar la constitucionalidad del artículo 125 del Decreto Ley 2106 de 2019 en donde se establece la prohibición para las autoridades ambientales relativa a exigir requisitos distintos a los establecidos en…
- Predial 2021 para sectores afectados por COVID-19 en Colombia
Para el año gravable 2021, la Secretaría Distrital de Hacienda (SDH) de Bogotá fijó una serie de medidas con el fin de ayudar a los sectores económicos más afectados por la pandemia del COVID-19.
Featured documents
- Privacy in Latin America
Originally published in Privacy & Security Law Report on January 7, 2013. The privacy landscape in Latin America is undergoing significant changes. With the enactment or implementation of laws in Colombia, Costa Rica, Nicaragua, and Peru, there are now eleven countries in Latin America that...
- Impuesto a la Riqueza – Nuevas Obligaciones Formales a Cargo de Inversionistas Extranjeros - Las nuevas actualizaciones pueden afectar significativamente a quienes deben declarar impuesto a la riqueza
Los inversionistas extranjeros en Colombia pueden resultar afectados por las nuevas obligaciones formales del impuesto a la riqueza que pueden requerir presentar una declaración. Los inversionistas extranjeros que al 1 de enero de 2015 poseían un patrimonio líquido en Colombia superior a $1.000...
- Superintendence of Industry and Commerce releases guide on how to obtain declarations of conformity
In October 2016, the Superintendence of Industry and Commerce published a guide that establishes parameters for any natural and/or legal person seeking a declaration of conformity for the international transfer of personal data. Accordingly, those requesting a declaration must provide the following ...
- FDN Offers New Funding Line
The Financiera de Desarrollo Nacional (FDN) has structured alternative ways of funding projects in Colombia to enable foreign financial entities to provide financing in Colombian pesos (COP)....
- Colombia Gobierno Sancionó la Ley de Páramos
El pasado 31 de julio de 2018 el Presidente Juan Manuel Santos sancionó la Ley 1930 de 2018 (Ley de Páramos) cuyo propósito es establecer los páramos como ecosistemas estratégicos y fijar las directrices para su conservación, restauración y uso sostenible. La Ley determinó que los páramos deben...
- El Ministerio Trabajo Presenta Plataforma para Registro de Trabajadores Extranjeros
El Ministerio del Trabajo presentó la plataforma de registro de trabajadores extranjeros en Colombia denominada Registro Único de Trabajadores Extranjeros en Colombia (RUTEC), el cual permitirá el registro automático vía web de los trabajadores migrantes. La regulación de la plataforma está...
- 2019 rates services for cannabis activities
During December 2018 and January 2019, the Ministry of Justice and Law as well as the Colombian Agricultural Institute, informed the public about the tariffs they will charge in 2019 for the procedures and services that each of them provides....
- Constitutional review of the powers of the SIC, a missed chance?
After several weeks, Decision C-165 of 2019 of the Constitutional Court of Colombia was released to the public, resulting in the conditioned upholding of two provisions related to the powers of the Superintendence of Industry and Commerce (“SIC”) and the Superintendence of Finance on collection of...
- Littler Global Guide - Colombia - Q3 2019
Pursuant to Decree 1562 of 2019, employees can withdraw unemployment aid savings from the government fund. Historically, this option was available only for housing and educational purposes....
- Corporate obligations for 2020 – Branches of foreign companies
With the aim of contributing to the planning and annual management of your company’s branch in Colombia, Dentons shares with you a general description of the corporate obligations that all branches of foreign companies must comply with during 2020....