FAQ
Go trough our frequently asked questions and do contact us if there are not any questions you would like to see.
Company Formation FAQs
Yes, foreigners can open an S.A.S. in Colombia with no restrictions based on nationality.
An S.A.S. can be formed with just one shareholder, who can be an individual or a legal entity.
While not mandatory, it is highly recommended to appoint an on-site legal representative to handle contract signings, dealings with DIAN (the tax authority), and bank-related matters.
Companies must handle withholding tax, submit información exógena (tax reporting), and renew their registration with the Chamber of Commerce annually.
To form a company in Colombia, you need a minimum of one shareholder, a legal representative in Colombia, and a registered business address. You must also register with the local chamber of commerce and tax authorities.
The process typically takes about 10 to 30 days, depending on the complexity of your business structure and the accuracy of the documents you submit.
Real Estate Sales FAQs
Identify the property, conduct due diligence, sign a pre-sale agreement, make a deposit, and complete the sale with a public deed transfer at a notary. Note, there is no MLS in Colombia; listings are non-exclusive and there are no public databases.
Engaging with an expert lawyer is crucial to ensure the property has no existing liens or other issues. Ensure that funds for purchasing the property are properly registered with the central bank to facilitate future repatriation.
Financing options are available through local banks for residents, while foreigners might need to provide a larger down payment or seek financing from international sources.
Owners must pay property tax annually. If you become a tax resident, you may face additional taxes. Capital gains tax is also applicable on the sale.
We provide guidance through each step, from property selection to legal checks and the final transaction, ensuring a smooth and secure purchase.
Fractional Management FAQs
Fractional management involves hiring a part-time executive who provides strategic leadership and expertise to multiple businesses, making professional management more affordable.
Small to medium-sized enterprises (SMEs) or startups that need experienced management but cannot afford or do not need a full-time executive.
Costs vary based on the executive’s experience and the scope of their role but are significantly lower than hiring a full-time senior executive.
Unlike traditional full-time roles, fractional managers work on a part-time or contractual basis, focusing on strategic initiatives and high-impact decisions.
Yes, the scope and responsibilities of fractional managers can be tailored to meet the specific needs and challenges of different businesses.
We offer fractional management services in Accounting, Finance, Taxes, Legal, and Human Resources, tailored to meet the needs of small to medium-sized enterprises.
Consulting Services
We offer strategic, operational, and financial consulting, including market entry strategy, compliance, and business optimization.
Our services can help you understand the local market, comply with regulations, and implement effective strategies for growth and efficiency.
Challenges include navigating complex regulations and adapting to local market conditions. We provide expert guidance and practical solutions to overcome these obstacles.
Yes, we specialize in helping foreign businesses enter the Colombian market, providing insights on legal, cultural, and economic factors.
Our deep understanding of both local and international business environments allows us to provide tailored advice that effectively addresses the unique needs of each client.
Ready to Explore Your Opportunities in Colombia?
Embarking on a business or investment venture in Colombia is an exciting step, and YellowKey Capitalis here to guide you every step of the way.
