Foreigners can own 100% of a Colombian company. The most common structure is a Sociedad por Acciones Simplificada (SAS), which is flexible, quick to register, and has no minimum capital requirement. The process involves drafting articles of incorporation, registering with the Chamber of Commerce, obtaining a tax ID (NIT), and opening a business bank account. If you plan to manage the business directly and reside in Colombia on that basis, you will also need the appropriate visa. Our business lawyers in Colombia handle company formation from start to finish.