YellowKey Capital



Go trough our frequently asked questions and do contact us if there are not any questions you would like to see.

Company Formation

Real Estate Sales

Fractional Management

Consulting Services

Company Formation FAQs

Can a foreigner open a company (S.A.S.) in Colombia?

Yes, foreigners can open an S.A.S. in Colombia with no restrictions based on nationality.

What is the minimum number of shareholders required to open an S.A.S in Colombia?

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.

What are the tax implications for new companies in Colombia?

Companies must handle withholding tax, submit información exógena (tax reporting), and renew their registration with the Chamber of Commerce annually.

What are the requirements to form a company in Colombia?

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.

How long does it take to set up a company in Colombia?

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

Key steps in buying property in Medellín?

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.

How can I finance a property purchase in Medellín?

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.

Tax implications of owning property in Colombia?

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.

How does YellowKey Capital assist in the real estate buying process?

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

What is fractional management and how does it work in Colombia?

Fractional management involves hiring a part-time executive who provides strategic leadership and expertise to multiple businesses, making professional management more affordable.

Who can benefit from fractional management services?

Small to medium-sized enterprises (SMEs) or startups that need experienced management but cannot afford or do not need a full-time executive.

What are the typical costs associated with fractional management?

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.

How does fractional management differ from traditional business management?

Unlike traditional full-time roles, fractional managers work on a part-time or contractual basis, focusing on strategic initiatives and high-impact decisions.

Can fractional management be customized for different types of businesses?

Yes, the scope and responsibilities of fractional managers can be tailored to meet the specific needs and challenges of different businesses.

What types of fractional management services does YellowKey Capital offer?

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

Types of consulting services offered?

We offer strategic, operational, and financial consulting, including market entry strategy, compliance, and business optimization.

How can consulting services help a new business in Colombia?

Our services can help you understand the local market, comply with regulations, and implement effective strategies for growth and efficiency.

Common challenges businesses face in Colombia and how you help?

Challenges include navigating complex regulations and adapting to local market conditions. We provide expert guidance and practical solutions to overcome these obstacles.

Assistance with market entry strategy in Colombia?

Yes, we specialize in helping foreign businesses enter the Colombian market, providing insights on legal, cultural, and economic factors.

What makes your consulting approach unique?

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.