If your company already has a global employment agreement, you may assume you can use the same document when hiring an employee in Colombia. After all, why create a completely different employment contract in Colombia if your company already has a carefully drafted agreement covering compensation, confidentiality, intellectual property, working hours and termination? Generally, you
Opening a Colombian data room can feel deceptively simple. You receive a folder, start reviewing corporate documents, financial statements, contracts, employee information, and regulatory records, and gradually build a picture of the company. The isssue is that those documents rarely tell the whole story on their own. For a foreign investor, the real purpose of
If you are considering expanding into Colombia, one of the first questions you will probably ask is: How long does it take to set up a company in Colombia? The short answer is that a straightforward Colombian SAS, or Sociedad por Acciones Simplificada, can be formally incorporated relatively quickly, even online with the Bogotá Chamber
When an international company enters into a contract with a Colombian business, supplier, distributor, contractor, or strategic partner, it needs to understand what happens if one party fails to perform. Contractual penalties in Colombia provide an important mechanism for allocating the financial consequences of contractual breach, but Colombian law does not treat them exactly like
For a foreign company entering Colombia, choosing the right legal structure can feel like a technical incorporation question. In practice, it is a much bigger decision. A branch or a subsidiary in Colombia can determine who bears commercial liabilities, how the local operation is governed, how capital moves between Colombia and the parent company, and
When a commercial relationship breaks down in Colombia, one of the first questions a foreign company usually asks is deceptively simple: how much can we recover? Under Colombian law, damages can include both losses that have already occurred and profits that were expected but never materialized. At the same time, not every financial consequence of
For many foreign investors, one of the first questions about entering Colombia is surprisingly simple: Do I need a Colombian partner? The answer is no. A foreign individual or company can generally establish and own a Colombian business without giving shares to a Colombian citizen. Colombia’s simplified stock company, or SAS, can be incorporated by
When an international company enters into a commercial agreement involving Colombia, one of the questions that often appears near the end of the negotiation is also one of the most important: Which law will govern the contract? A foreign company may assume that the parties can simply choose the law of their preferred jurisdiction, particularly
A founder in Colombia raising capital may receive an investment proposal that looks very familiar to anyone who has raised capital in Silicon Valley: an investor wants to put money into the company through a SAFE, or Simple Agreement for Future Equity. The document may be only a few pages long, and the investor may
