September 21, 2023

There are a myriad of causes to hunt authorized companies in Colombia. It’s particularly helpful for foreigners who don’t converse Spanish, however plan on getting a visa to open a enterprise or after marrying a Colombian partner. 

Just a little background on Colombia’s authorized system; this will curiosity these of you who’re legally minded. The country has a Civil Law system in place that’s based mostly totally on authorized codes, moderately than jurisprudence. As with different civil regulation international locations, Colombia’s authorized system doesn’t essentially have to acknowledge the ruling of any authorized physique like a court docket (although there are exceptions). 

What’s extra, the idea of priority is absent from the Colombian authorized system, which means a court docket’s ruling on one case doesn’t need to be utilized to all circumstances sooner or later. Sound a bit convoluted? No worries: good authorized companies in Colombia will have the ability to translate the legalese for the layperson to grasp. 

For traders, corporations and entrepreneurs who’re new to the nation, buying, a authorized consultant, a fiscal auditor in Colombia, and all related HR/administrative workers is a greatest observe that each one newcomers ought to observe. However fret not if it doesn’t appear as if your fledgling agency has the price range for it. All of these sorts of issues could be outsourced at very cheap costs. 

"unemployment and occupancy rate statistics of Colombia" infographic by Biz Latin Hub for an article on "legal services in Colombia".
Unemployment has decreased considerably, with extra individuals within the workforce. This has an impression on the authorized companies in Colombia– comparable to increasing the choices of obtainable corporations to work with.

There are innumerable the explanation why an organization planning on coming into a new market might seek legal services in Colombia, however the next causes are the most typical:

  • Company regulation 
  • Overseas funding
  • Actual property
  • Accounting and taxes
  • Visas
  • Emblems/IP safety

SEE ALSO: When Do You Want a Authorized Consultant in Colombia?

By now it needs to be effectively understood that authorized companies in Colombia are vital when coming into the market or investing there. 

What to search for in an legal professional:

Not all Colombian legal professionals are created equal. The onus is on you, the shopper, to suss out whether or not a regulation agency is tossing you any previous lawyer who occurs to be free that day, or a real skilled who’s effectively educated and skilled within the authorized areas that greatest fit your wants. So what sort of qualities do you have to be in search of when searching for authorized companies in Colombia? 

Ask your self:

  • Does the lawyer or agency provide a free session?
  • Is the lawyer pushed by getting outcomes first, and cost second?
  • Is the lawyer completely fluent in English? 
  • Is the lawyer skilled sufficient to deal with your particular wants?
  • Does the lawyer have fame with earlier shoppers? 

Bear in mind, there are actually tons of of authorized consultancies and large worldwide regulation corporations which have hundreds of attorneys on the payroll – all of whom have various levels of specialization, expertise and native information. So it’s okay to buy round for authorized companies in Colombia till you discover the one who’s the best match to your group. 

Authorized companies in Colombia: Prime 5 important legal professional traits 

The next could be thought of a foundation of what to hunt out in an legal professional who will likely be representing your organization in varied authorized issues. However an organization’s or investor’s particular set of circumstances will necessitate you to search for different traits to handle your particular set of circumstances – so the next shouldn’t be thought of an exhaustive checklist:

1. An legal professional and/or regulation agency that provides free consultations

In civil regulation, an legal professional or her/his regulation agency may cost for a first-time session to find out how severe the shopper is about pursuing a case (like a regulation swimsuit, for instance). However that is company regulation, and corporations aren’t messing round; they want a pile of issues accomplished, from assembling all of the documentation to include an organization or buy property, to arranging financial institution accounts and making use of for visas. It’s necessary to take into account that regulation corporations that cost for consultations may point out that they simply don’t have the resources to provide free legal advice to all potential shoppers.

2. A lawyer who’s pushed to attain outcomes

Most well-established and competent attorneys in Colombia are motivated by offering the very best authorized illustration that they will present – and never simply obtain a paycheck. Essentially the most respected attorneys won’t ask for full cost till outcomes have been achieved, so shoppers ought to think about any insistence on full cost up entrance as a crimson flag. 

"minimum monthly wage in Colombia increases" infographic by Biz Latin Hub for an article on "legal services in colombia".
Month-to-month wage is growing steadily. It is very important think about regulation corporations that prioritize outcomes over a paycheck. That is attention-grabbing for anybody in search of authorized companies in Colombia

3. An legal professional who’s completely fluent in English

Most Colombian authorized professionals who avail their companies to abroad shoppers will converse English, however proficiency ranges can differ, particularly outdoors of the cities. Be sure that the lawyer you’re contemplating speaks English with a fluency that you simply’re snug with and might simply perceive; the very last thing you need is a few mishap to happen as a result of one thing was misplaced in translation. 

4. A lawyer who is extremely specialised and skilled

The legal professional you rent assumes a key position in your group. Not solely will they handle your corporation’ dealings with the native regulatory and authorities entities, however will probably be on them to information you thru the method and reply any questions you could have. Be sure that the lawyer you’re contemplating has a background in firm incorporation regulation, and has accomplished so earlier than.

5. An legal professional who has fame

That is type of an apparent level, and it could be robust to get an sincere evaluation a few explicit particular person you’re contemplating hiring to be your authorized consultant in Colombia. Maybe getting somebody to ask round in regards to the candidate in authorized circles in your behalf, and even doing a Google search, might yield some key insights in regards to the lawyer’s previous. This could possibly be the distinction between hiring their authorized companies in Colombia, or avoiding somebody who’s probably problematic. 

Biz Latin Hub might help you with authorized companies in Colombia 

At Biz Latin Hub, we offer built-in market entry and back-office companies all through Latin America and the Caribbean, with places of work in Bogota and Cartagena, in addition to over a dozen different main cities within the area. We even have trusted companions in lots of different markets.

Our unrivalled attain means we’re ideally positioned to assist multi-jurisdiction market entries and cross-border operations.

In addition to information about authorized companies in Colombia, our portfolio of companies contains hiring & PEO accounting & taxation, firm formation, checking account opening, and company authorized companies.

Contact us at this time to search out out extra about how we are able to help you to find prime expertise, or in any other case do enterprise in Latin America and the Caribbean.
If this text on authorized companies in Colombia was of curiosity to you, try the remainder of our protection of the area. Or examine our staff and professional authors.

A BLH infogrpahic showing key services offered by the company
Key companies supplied by Biz Latin Hub