This is a legal requirement for all companies, as it guarantees transparency and formality in business management. Through the Medellín Chamber of Commerce, you can carry out this procedure easily, ensuring that your company complies with current regulations and has adequate legal backing in its operations.
Commercial Books in Colombia: Key Tools for Transparency and Proof of Corporate Ownership
In Colombia, companies are required to keep certain commercial books, which are official records of their internal decisions and ownership structure. For a foreign investor, understanding these books is essential to ensure transparency, legal compliance, and protection of their investment.
- Shareholders Register Book
This book contains detailed information about the company’s shareholders: names, number, and type of shares they own, and any changes in their ownership. It is the primary legal document to prove who the owners of the company are and in what proportion.
- Minutes Book
This book records the decisions made by the governing bodies of the company (shareholders’ meeting), including capital increases, appointments of legal representatives, approval of financial statements, and amendments to the bylaws.