How Much Do I Have to Pay to Register My Business?
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Accounting Bogotá
How much do I have to pay to register my business?
The costs associated with creating and/or formalizing companies in Bogotá are determined by the rates set in Decree 650 of 1996 and the ordinances of the Cundinamarca Assembly 216 of 2014 and 015 of 2016. For example, for the creation of an SAS, the registration tax is 0.7% of the subscribed capital.
Key information
Decree 650 of 1996, issued on April 3 and published in Official Gazette No. 42,761 of April 9, 1996, partially regulated Law 223 of 1995.
The President of the Republic of Colombia, exercising his constitutional and legal powers, especially those conferred by numeral 11 of Article 189 of the Political Constitution, issued Chapter I on Registration Tax.
Article 1. Acts, contracts and legal transactions subject to registration tax. Registrations of documents containing acts, orders, contracts or legal transactions in which private parties are parties or beneficiaries and which, by law, must be registered with Chambers of Commerce or Public Instrument Registry Offices are subject to registration tax under Law 223 of 1995.
Article 9. Tax rate for acts, contracts or legal transactions with a stated value. All acts, contracts or legal transactions with a stated value that are subject to registration tax and must be registered with Public Instrument Registry Offices are taxed at rates between 0.5% and 1%, determined by the corresponding departmental assembly at the initiative of the Governor. Likewise, all acts, contracts or legal transactions with a stated value that are subject to registration tax and must be registered with Chambers of Commerce are taxed at rates between 0.3% and 0.7%, determined by the corresponding departmental assembly at the initiative of the Governor.
Ordinance No. 216/2014, whereby the Revenue Statute of the Department of Cundinamarca is issued, certain powers are granted to the Governor of the Department and other provisions are enacted, establishes the registration tax rates. For acts, contracts or legal transactions with a stated value subject to registration with Chambers of Commerce, the rate is 0.7%.
In addition to the registration tax, the following must be paid at the Chamber:
Concept | Value
Registration in the commercial registry of acts and documents | $45,000
Registration of books in the commercial registry | $15,000
Commercial registration certificate | $3,100
| Certificate of existence and legal representation | $6,200 |
|---|---|
| RUES form | $6,200 |
| In summary, when creating an SAS with subscribed capital of $10,000,000, the following must be paid: | Concept |
| Amount payable | Registration tax |
| $70,000 | Chamber registration fees |
| $45,000 | RUES form |
Certificate of existence and legal representation | $6,200
| $6,200 | Estimated total |
|---|---|
| $127,400 | If you are thinking about creating or formalizing your company, contact us and we will help you. |
| Remember: the first consultation is FREE. Request it here. | 310 558 9117 – 313 821 48 03 |
| If you need more information, advice or guidance, request an appointment and tell us about your case so we can review the next step. | Schedule an appointment |
| General contact | $6.200 |
| Total estimado | $127.400 |
Si esta pensando en crear o formalizar su empresa, Contáctenos y nosotros le ayudamos
Recuerde, la primera consulta es GRATIS. Solicítela aquí
310 558 9117– 313 821 48 03
