Are there any procedures for bringing foreign investment intended for the payment of the subscribed capital of the Simplified Joint Stock Company (S.A.S.)?

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Foreign investment brought into Colombia for the incorporation of a Company must be channeled and legalized with the Central Bank. This registration grants exchange rights to foreign investors over its funds.

This procedure is carried out with 2 entities. On the one hand, the local bank that is responsible for receiving the foreign exchange and for its monetization according to the instructions of the investor’s representative, and on the other, the Central Bank, entity that formalizes the registration procedures.

Registration of foreign investment is carried out by the filling and signing of an Exchange Declaration.