JD Supra Colombia - Blogs

JD Supra Colombia

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JD Supra
Publication date:
2019-04-29

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Law Firm

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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.

  • 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…

  • 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.

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