Best Corporate & Commercial Lawyers in Colombia

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Lynceus Law Firm

Lynceus Law Firm

15 minutes Free Consultation
Medellín, Colombia

Founded in 2019
7 people in their team
Spanish
English
German
English-speaking and Deutschsprachige Boutique Law Firm in Medellín, Colombia. Lynceus Law Firm is a legal firm founded in 2019 and based in Medellín, Colombia, specializing in commercial and business law, as well as real estate law and family law. The firm aims to serve as a bridge between...
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Grupo Devoument Abogados
Bogotá, Colombia

Founded in 1994
12 people in their team
English
Spanish
French
Devoument Group Lawyers – Global – is a firm of legal advisors specializing in the protection of family and business assets since 1994. Led since its founding by the renowned and prestigious attorney Dr. Carlos Enrique Cárdenas Sierra, a law graduate from Sergio Arboleda University in Bogotá...

English
Hazul Inmobiliaria | Arriendo y Venta en Manizales is a distinguished real estate agency based in Manizales, Colombia, specializing in property sales, rentals, and comprehensive property management services. The firm offers a diverse portfolio of properties, including apartments, houses, commercial...
AID LEGAL S.A.S.
Medellín, Colombia

Founded in 2016
11 people in their team
Spanish
English
We are a law firm located in the city of Medellin. Our specialty is to focus on the comprehensive needs of our clients, that is why we have legal professionals in different areas, we provide advisory and support services to foreign investments that come to our city. We provide support services to...

English
Zuluaga Jiménez & Álvarez S.A.S. BIC (ZJA) is a Colombian law firm dedicated to providing comprehensive legal services across various practice areas. The firm offers professional consultancy and judicial representation to both corporate and individual clients, specializing in civil law, family...
Arcila Asociados S.A.S.
Manizales, Colombia

Founded in 2009
English
Arcila Asociados S.A.S., established in 2009 and headquartered in Manizales, Colombia, is a legally constituted firm registered with the Central Board of Accountants under number 1331. Founded by certified public accountants with over 15 years of experience, the firm offers a comprehensive suite of...
Bogota, Colombia

Founded in 2023
English
Lexomnia Abogados, based in Pereira, Colombia, specializes in providing comprehensive legal services tailored to businesses. The firm offers expertise in six key areas: Intellectual Property, Labor Law, Real Estate Law, Commercial and Corporate Law, Comprehensive Audits, and Digital Commerce. This...
Best Contract
Armenia, Colombia

Founded in 2017
7 people in their team
English
Russian
Armenian
We believe that problems should be solved before their coming out. For that purpose, the main and important thing for business and other relations is a contract. It seems like a platform for creating healthy and progressive relations. It works as a prediction of some troubles which can arise and...

Founded in 2017
6 people in their team
Spanish
English
Profesional en derecho, entusiasta, emprendedor y visionario de la dinámica entre los particulares y el Estado. Desde el desempeño y dinámica laboral con entidades del orden Municipal y Departamental, he enriquecido mi marco experiencial como asesor individual y empresarial en el ámbito legal y...

English
CHACÓN LAWYERS CONSULTORÍA & SERVICIOS LEGALES, based in Chinchiná, Caldas, Colombia, offers comprehensive legal services with a focus on disciplinary processes for the National Police (PONAL) and military personnel. The firm provides defense and legal counsel to active members of the armed...
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About Corporate & Commercial Law in Colombia

Corporate and commercial law in Colombia governs the formation, operation, and dissolution of companies, as well as the rights and responsibilities of businesses engaging in commerce within and outside the country. It includes a broad spectrum of legal aspects such as company incorporation, mergers and acquisitions, commercial contracts, regulatory compliance, corporate governance, and dispute resolution. The legal framework aims to create a dynamic and secure environment for both domestic and foreign businesses to operate, ensuring fair competition and market stability.

Why You May Need a Lawyer

There are various situations where businesses and individuals may require the assistance of a legal professional specializing in corporate and commercial law in Colombia. Common scenarios include:

  • Establishing a new company or joint venture in Colombia
  • Drafting or reviewing commercial contracts and agreements
  • Navigating mergers, acquisitions, or restructuring processes
  • Handling regulatory compliance with Colombian authorities
  • Preparing for litigation, arbitration, or dispute resolution with partners or competitors
  • Managing intellectual property rights in the context of commercial activities
  • Understanding labor laws in business contexts
  • Resolving issues related to commercial leases or real estate for businesses
  • Advising on tax compliance and optimal corporate structures
  • Assisting with the closure or liquidation of businesses

Legal advice is particularly important to avoid costly mistakes, penalties, and to ensure your business decisions align with Colombian law.

Local Laws Overview

Key aspects of corporate and commercial law in Colombia include:

  • Company Structures: The most common business entities are S.A.S. (Simplified Stock Company), S.A. (Corporation), and Ltda. (Limited Liability Company). Each has different formation, capital, and liability requirements.
  • Company Registration: All companies must be registered with the Chamber of Commerce and obtain a tax identification number (NIT).
  • Corporate Governance: Companies must follow strict governance standards, including annual shareholder meetings and board obligations.
  • Taxation: Businesses are subject to national, regional, and municipal taxes, including VAT, income tax, and withholding taxes. The tax regime can vary depending on the company’s size and sector.
  • Commercial Contracts: Colombia recognizes freedom of contract but certain contracts must be in writing and meet statutory requirements.
  • Foreign Investment: Colombia encourages foreign investment but certain industries have restrictions and specific reporting obligations.
  • Labor and Employment: Employment matters are regulated by the Colombian Labor Code, affecting hiring, termination, and employee benefits.
  • Dispute Resolution: Commercial disputes can be resolved through ordinary courts or arbitral tribunals, with arbitration being a common choice for complex matters.
  • Compliance: Anti-money laundering, anti-corruption, and data protection regulations are strictly enforced.

Frequently Asked Questions

What are the most common types of business entities in Colombia?

The S.A.S. (Simplified Stock Company), S.A. (Corporation), and Ltda. (Limited Liability Company) are the most widely used corporate structures due to their flexibility and limited liability for shareholders.

Is it mandatory to have a local partner to set up a business in Colombia?

No, foreign investors can establish a wholly-owned company without a local partner, except in certain regulated sectors.

How long does it take to incorporate a company?

Under normal conditions, company incorporation can take between one to two weeks, depending on the completeness of documentation and the chosen business structure.

Are there any minimum capital requirements for starting a company?

The S.A.S. does not require a minimum capital, but other entity types may. It is important to align the declared capital with business needs and operational plans.

What ongoing compliance requirements do companies face?

Companies must file annual tax returns, hold annual general meetings, update the Chamber of Commerce registry, and comply with labor and social security obligations.

How are corporate disputes typically resolved in Colombia?

Corporate disputes can be addressed through litigation in courts or, more commonly, through arbitration if an arbitration clause is included in company bylaws or contracts.

Can foreign companies open branches in Colombia?

Yes, foreign companies can establish branches but must register with the Chamber of Commerce and appoint a legal representative in Colombia.

Are there sector-specific regulations for foreign investment?

Yes, sectors such as banking, mining, oil, and defense may have additional requirements or restrictions for foreign investors.

What are the main employment obligations for business owners?

Employers must register with the social security system, make contributions, comply with labor contracts, provide statutory benefits, and follow fair termination procedures.

Are commercial contracts required to be in Spanish?

While contracts can be drafted in any language, it is advisable to have an official Spanish version, especially for enforceability before local authorities.

Additional Resources

  • Superintendencia de Sociedades - Colombia’s main corporate regulator for companies and insolvency matters
  • Cámara de Comercio (Chamber of Commerce) - Responsible for company registration and business compliance
  • DIAN (Dirección de Impuestos y Aduanas Nacionales) - The tax and customs authority
  • Ministerio de Comercio, Industria y Turismo - Information on business incentives and regulations for commerce and industry
  • Confecámara - National association of Chambers of Commerce, providing guidance on legal/business procedures
  • Legal aid clinics and local law school programs offering free or low-cost consultations

Next Steps

If you are considering starting or managing a business in Colombia, or facing a commercial dispute, follow these steps to ensure your interests are protected:

  • Assess your business objectives and identify legal needs specific to your sector and corporate structure
  • Gather relevant documentation, such as identification, proposed business plans, and financial data
  • Seek guidance from qualified corporate and commercial lawyers familiar with Colombian law
  • Schedule an initial consultation to discuss your case and receive tailored legal advice
  • Stay informed of updates in local regulations and compliance requirements that may impact your business
  • If needed, access governmental or professional bodies for additional support and information

A proactive approach with professional legal support can help you navigate Colombia’s corporate and commercial landscape successfully and avoid unnecessary risks or disputes.

Lawzana helps you find the best lawyers and law firms in Colombia through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Corporate & Commercial, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Colombia - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.