15 years in FinTech and payments. Maps your business model to the right licence scope and leads the file all the way to the SFC's authorisation, including banking and payment rails.
Get an investment license in Colombia.
Colombia prints its numbers in the statute. The Superintendencia Financiera de Colombia authorises the sociedad comisionista de bolsa under Ley 964 of 2005, Decreto 2555 of 2010 and the Estatuto Orgánico del Sistema Financiero; Ley 510 of 1999 art. 53 sets its capital at the mandatory bolsa-membership investments plus COP 250,000,000 for a limited scope or COP 500,000,000 for the full one, at 1999 values indexed to the DANE IPC every January since 2000, and EOSF art. 53 num. 5 gives the Superintendente four months from a complete file. Every intermediary joins the Autorregulador del Mercado de Valores and staffs its desks with RNPMV-certified professionals; the SFC's 2026 list carries 18 comisionistas. Renta is 35%, 40% above 120,000 UVT of renta gravable through 2027, 20% on dividends to non-residents, and the market is 52,695,952 people (DANE, 2025).
Updated
One supervisor, a mandatory self-regulator, and a capital floor with an article number.
The framework is Ley 964 of 2005, the securities-market law, with Decreto 2555 of 2010 as the single decree for the financial, insurance and securities sectors and the Estatuto Orgánico del Sistema Financiero (Decreto 663 of 1993) for constituting supervised entities. The Superintendencia Financiera de Colombia authorises the sociedad comisionista de bolsa de valores - the broker-dealer of Libro 9 of Decreto 2555, from the commission contract to own-account dealing, portfolio administration, advice and underwriting - alongside the fiduciarias and administradoras de inversión. The capital sits in Ley 510 of 1999 art. 53: capital suscrito y pagado of at least the mandatory investments for bolsa membership plus COP 500,000,000 for the full range of operations, or plus COP 250,000,000 for the limited scope of the commission contract, the Ley 45 of 1990 art. 7 activities and corretaje. Parágrafo 1 adjusts both sums to the DANE IPC every year, rounded up to the next million pesos, since 1 January 2000.
Ley 964 makes self-regulation mandatory: an intermediary is a member of the Autorregulador del Mercado de Valores, and its traders and advisers are certified and inscribed in the Registro Nacional de Profesionales del Mercado de Valores before they touch an order. Directors and legal representatives take office after the SFC's posesión. The clock is in the statute too. EOSF art. 53 num. 5, as amended by Ley 1328 of 2009 art. 66, gives the Superintendente four months from complete documentation, suspended while the SFC asks for more; num. 4 has the notice published twice, no more than seven days apart. The supervision contribución of EOSF art. 337 num. 5 and Decreto 2555 art. 11.2.1.4.2 is set by resolution each semester on total assets. A fiduciaria needs COP 3,417,000,000 at 2003 values under EOSF art. 80 num. 1, IPC-indexed; art. 80 prints no separate floor for an administradora de inversión. Eighteen comisionistas hold the licence today. We build from Bogotá.
One supervisor: the SFC authorises comisionistas de bolsa under Ley 964/2005, Decreto 2555 and the EOSF; AMV membership and RNPMV certification are mandatory. Capital under Ley 510/1999 art. 53: bolsa investments plus COP 250,000,000 or COP 500,000,000 at 1999 values, IPC-indexed each January. Four months under EOSF art. 53 num. 5.
Renta 35%, 40% above 120,000 UVT to 2027, 20% on dividends abroad, IVA 19% with art. 476 exclusions. 18 licensed comisionistas on the SFC's 2026 list. 52,695,952 people (DANE, 2025). Built from Bogotá.
The limited-scope comisionista - or the full-scope broker-dealer.
One licence, two capital tiers under Ley 510 of 1999 art. 53: the limited scope for a commission house, the full scope for a firm that deals on own account. Both sit on the mandatory bolsa-membership investments; the difference is COP 250,000,000 against COP 500,000,000 at 1999 values, each indexed to the IPC every January. The SFC publishes the indexed table each January; we quote from the 2026 table.
The limited-scope comisionista - or the full-scope broker-dealer.
The commission house
The tier of Ley 510/1999 art. 53 for a sociedad comisionista that runs the commission contract, the Ley 45/1990 art. 7 activities and corretaje: capital suscrito y pagado of the mandatory bolsa-membership investments plus COP 250,000,000 at 1999 values, indexed to the DANE IPC and rounded up to the next million every January since 2000. Authorised by the SFC within four months of a complete file (EOSF art. 53 num. 5), a mandatory AMV member under Ley 964/2005, its desks staffed by RNPMV-certified professionals.
The tier of Ley 510/1999 art. 53 for a sociedad comisionista that runs the commission contract, the Ley 45/1990 art. 7 activities and corretaje: capital suscrito y pagado of the mandatory bolsa-membership investments plus COP 250,000,000 at 1999 values, indexed to the DANE IPC and rounded up to the next million every January since 2000. Authorised by the SFC within four months of a complete file (EOSF art. 53 num. 5), a mandatory AMV member under Ley 964/2005, its desks staffed by RNPMV-certified professionals.
- ✓Commission contract, Ley 45/1990 art. 7 activities, corretaje
- ✓Bolsa investments + COP 250,000,000 (1999 base)
- ✓IPC-indexed every January since 2000
- ✓Four months - EOSF art. 53 num. 5
- ✓AMV membership - Ley 964/2005
- ✓RNPMV-certified traders and advisers
The full-scope broker-dealer
The whole range of permitted operations - own-account dealing, which Decreto 2555 art. 2.9.4.3.1 reserves for comisionistas that prove the Ley 510 capital, portfolio administration, advice, underwriting and securities administration - on the bolsa-membership investments plus COP 500,000,000 at 1999 values, IPC-indexed. Same four-month clock, same AMV membership, and renta at 40% once renta gravable reaches 120,000 UVT (through 2027). Eighteen firms hold the licence on the SFC's 2026 list.
Full scope with own-account dealing - bolsa investments plus COP 500,000,000 at 1999 values, IPC-indexed; four months under EOSF art. 53 num. 5.
- ✓Own-account dealing - Decreto 2555 art. 2.9.4.3.1
- ✓Portfolio administration, advice, underwriting
- ✓Bolsa investments + COP 500,000,000 (1999 base)
- ✓Four months - EOSF art. 53 num. 5
- ✓40% renta above 120,000 UVT to 2027
- ✓18 licensed comisionistas (SFC, 2026)
The capital is evidenced at the SFC's indexed figure for the year of filing and the contribución at the tarifa of the semester's resolution; both are fixed for your file before any work begins. Where the model is collective money, the fiduciaria floor of COP 3,417,000,000 at 2003 values (EOSF art. 80 num. 1) applies instead.
A 52-million market with its floor and its clock in print.
Colombia sells a statutory capital floor, a statutory decision period, a short list of incumbents and a tax rule with an end date.
DANE's population figure for 2025 - the pool behind the bvc, reachable only through an SFC-authorised intermediary.DANE, 2025.
Ley 510/1999 art. 53 prints the capital: the bolsa-membership investments plus COP 250,000,000 or COP 500,000,000 at 1999 values, indexed to the IPC each January. Nothing is left to the supervisor's discretion.COP 250m / 500m base, IPC-indexed.
EOSF art. 53 num. 5 (Ley 1328/2009 art. 66): the Superintendente resolves within four months of a complete file. The clock stops for requerimientos, so the quality of the file, not the queue, sets the date.EOSF art. 53 num. 5.
The SFC's 2026 list carries 18 sociedades comisionistas de bolsa - from Valores Bancolombia and Credicorp Capital Colombia to Acciones y Valores and Larrain Vial Colombia. A short bench for a 52-million market.SFC list, 2026.
Renta is 35% (ET art. 240); the five extra points for comisionistas and financial institutions apply only from 120,000 UVT of renta gravable and only for 2023-2027 (Ley 2277/2022 art. 10). A start-up below the threshold pays 35%.40% above 120,000 UVT, to 2027.
Ley 964/2005 makes AMV membership mandatory and puts every trader and adviser through certification and the RNPMV before they act. Hiring is a licensing step - budget it as one.AMV and RNPMV by law.
How Colombia differs from other routes.
The honest comparison: a 52-million market with a statutory floor and a four-month clock - against neighbours that print theirs in UF, soles and reais.
| Feature | Colombia | Other jurisdictions |
|---|---|---|
| Regime | Ley 964/2005 · Decreto 2555 · Ley 510/1999 - SFC + AMV | CMF Chile · SMV Peru · BCB + CVM Brazil |
| Capital | Bolsa investments + COP 250m / 500m · IPC-indexed since 2000 | 6,000 UF Chile · S/ 750,000 SAFI Peru · R$ 2M per activity Brazil |
| Scope | Domestic market, no passport | Domestic only - no passport |
| Timeline | 4 months - EOSF art. 53 num. 5 | 30 days Chile · 30 + 30 days Peru · 60 days CVM Brazil |
| Country | License type | Taxation | Requirements |
|---|---|---|---|
Colombia | SFC comisionista de bolsa · fiduciaria | 35% · 40% above 120,000 UVT to 2027 | COP 250m / 500m base + IPC · AMV · 4 months |
Chile | CMF corredor de bolsa · AGF | 27% · 35% Adicional | 6,000 UF · 4,000 UF guarantee · 30 days |
Peru | SMV SAB · SAFI | 29.50% IR · 5% dividends | SAFI S/ 750,000 · 30 + 30 days |
Brazil | BCB CTVM/DTVM · CVM gestor | 40% nominal CTVM · 34% general | R$ 2M per activity · 60-day CVM clock |
Colombia
Chile
Peru
BrazilRequirements for the Colombian licence.Requirements for the licence.
The SFC authorises under EOSF art. 53 and supervises under Decreto 2555; the craft is a file whose capital, bench and certifications are already in place on the day it goes in, because the four-month clock runs from completeness. The checklist below is what a passing application contains.
Reflects Ley 964/2005, Ley 510/1999, Decreto 2555/2010, the EOSF and Ley 2277/2022 as of 2026; indexed figures follow the SFC's January table for the year of filing.Ley 964/2005, Ley 510/1999, Decreto 2555, EOSF, Ley 2277/2022, as of 2026.
From first call to the SFC's authorisation in four months.
Limited scope (COP 250,000,000 base) or full scope (COP 500,000,000 base) under Ley 510/1999 art. 53 - or a fiduciaria where the model is collective money.COP 250m or 500m base.
The Colombian company, directors and legal representatives prepared for posesión, AMV certification for every desk.Ready for posesión.
The EOSF art. 53 application with the capital evidenced at the SFC's indexed figure for the year - complete at submission, because the clock runs from completeness.Complete at submission.
Four months under EOSF art. 53 num. 5: the notice is published twice, no more than seven days apart, and every requerimiento stops the clock until it is answered - so each is answered on its date.Four months; answered on date.
SFC authorisation, AMV membership, RNPMV inscriptions, bvc access and accounts open; the first contribución falls at the semester's tarifa.AMV, bvc, live.
A statutory floor and a statutory clock make a plan: the tier is fixed, the bench is certified before the file goes in, the capital is evidenced at the SFC's indexed figure for the year, and the four months of EOSF art. 53 num. 5 start the day the file is complete.
Run from our Bogotá office.

Limited or full scope under Ley 510/1999 art. 53 - fixed in writing before drafting, with the capital evidenced at the SFC's indexed figure for the year.Fixed in writing.
The EOSF art. 53 application, the posesión packs for directors and legal representatives and the Decreto 2555 scope - drafted in Spanish, complete on the day it goes in, because the four months run from completeness.Complete on day one.
Membership of the Autorregulador and RNPMV-certified traders and advisers sourced in Bogotá - the hiring rule Ley 964 writes into the licence.Certified in Bogotá.
The 35% or 40% position settled against the 120,000 UVT line, the first semi-annual contribución budgeted, bvc access and bank accounts sequenced with the authorisation.120,000 UVT line settled.







Taxation of investment firms in Colombia.
A 35% rate, a five-point sector surcharge with a threshold and an end date, 20% on dividends leaving the country and IVA at 19% with exclusions for the sector - each fixed to an article of the Estatuto Tributario.
Estatuto Tributario art. 240 as amended by Ley 2277/2022 art. 10: the general corporate rate is 35%.ET art. 240.
Parágrafo 2: financial institutions, insurers, sociedades comisionistas de bolsa de valores, commodity exchanges and market-infrastructure providers with renta gravable of 120,000 UVT or more pay five additional points - 40% in total - for 2023 through 2027.40% to 2027.
The surcharge starts at 120,000 UVT of renta gravable. A comisionista under the line pays the general rate, which is where most new firms sit in their first years.35%.
ET art. 245 (Ley 2277 art. 4): dividends to non-resident companies and individuals carry 20%; art. 246 (Ley 2277 art. 13) applies the same 20% to a permanent establishment.Art. 245.
ET art. 468 (Ley 1819/2016 art. 184) sets the general rate at 19%. Art. 476 (Ley 2010/2019 art. 11) excludes interest and financial yields on credit operations and leasing (num. 16) and the commissions of fiduciarias, administradoras de inversión and comisionistas for administering fondos de inversión colectiva (num. 23); a plain brokerage commission line is confirmed per structure.Art. 476 exclusions.
EOSF art. 337 num. 5, Decreto 2555 art. 11.2.1.4.2 and Ley 1735/2014 art. 6: a semi-annual contribution on total assets at a tarifa the SFC fixes by resolution each semester - Resolución 1067 of 15 July 2026 for the second half of 2026. The factor for your first semester goes into the quote.Semi-annual, on assets.
*Figures as of 2026 per Colombian law. Group and founder-level outcomes are modelled per structure.
Experienced lawyers and international consultants.
We provide end-to-end support, from company registration and the application file to regulatory interaction and compliance oversight - with an individualized approach to each client.
Builds the application itself: Colombian company, AML/KYC policy pack, capital structure and tax registrations. His document sets are the reason reviews finish in months, not years.
First point of contact for international founders. Runs the whole setup remotely, across time zones and languages - from the first call to a live, licensed firm.
Active across our channels.
Launch your investment firm in Colombia with expert support.
Full-service assistance - from the Colombian company and the EOSF art. 53 file to the SFC authorisation, AMV membership, the certified bench and ongoing compliance - run through our Bogotá office.
Get a consultation →Is Colombia the right fit for your project?
Our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.
The Colombian investment licence, answered.
Who licenses an investment firm in Colombia?+
The Superintendencia Financiera de Colombia. It authorises and supervises sociedades comisionistas de bolsa de valores, sociedades administradoras de inversión, sociedades fiduciarias, pension-fund administrators and the bolsa itself, under Ley 964/2005, Decreto 2555/2010 and the Estatuto Orgánico del Sistema Financiero, with rules issued by the Ministerio de Hacienda through the URF.
Which licence does a broker-dealer need?+
The sociedad comisionista de bolsa de valores. Ley 510/1999 art. 53 splits it into two capital tiers: the limited scope of the commission contract, the Ley 45/1990 art. 7 activities and corretaje, or the full scope that adds own-account dealing, portfolio administration, advice and underwriting on the higher base. Both need AMV membership and RNPMV-certified professionals.
What capital is required?+
Ley 510/1999 art. 53: the mandatory bolsa-membership investments plus COP 500,000,000 for the full scope or COP 250,000,000 for the limited scope, at 1999 values, IPC-indexed and rounded up to the next million each January since 2000. The SFC publishes the indexed amounts every January; the 2026 table is confirmed before we quote.
How long does the SFC take?+
Four months. EOSF art. 53 num. 5, as amended by Ley 1328/2009 art. 66, gives the Superintendente four months from the date the complete documentation is filed, suspended while the SFC asks for complementary information; num. 4 has the notice published twice, no more than seven days apart. We plan the file for completeness on day one.
What is AMV and must we join?+
The Autorregulador del Mercado de Valores, the mandatory self-regulator for intermediaries under Ley 964/2005. Membership is a condition of operating, and traders and advisers are certified by AMV and inscribed in the Registro Nacional de Profesionales del Mercado de Valores.
Is there a lighter adviser-only licence?+
No separate asesor licence appears on the SFC's entity lists: natural persons are certified professionals, not licensees, and advice sits inside the comisionista's scope. The nearest thing to a light entry is the limited-scope tier at COP 250,000,000 base under Ley 510/1999 art. 53. If your model is advice only, we test it against that tier first.
How are Colombian investment firms taxed?+
Renta at 35% (ET art. 240, Ley 2277/2022 art. 10), 40% for comisionistas and financial institutions with renta gravable of 120,000 UVT or more in 2023-2027, 20% withholding on dividends to non-residents (art. 245), IVA at 19% (art. 468) with the art. 476 exclusions for interest and for commissions on administering fondos de inversión colectiva.
Can a foreign group own the firm?+
The SFC publishes no foreign-ownership cap. The EOSF rules on legal form, ownership and management decide what a parent may hold, so the group structure, the posesión of its nominees and any residency rule are checked against the Superintendencia's texts before the file is drafted.
Colombia or Chile for a new firm?+
Chile prints a 6,000 UF floor, a 30-day clock under Ley 18.045 art. 28 and a 27% rate; Colombia prints COP 250,000,000 or COP 500,000,000 above the bolsa investments, IPC-indexed, and a four-month clock, for 52,695,952 people against 18,480,432 - but taxes the sector at 40% above 120,000 UVT. Chile is the faster file; Colombia the bigger pool.
Why Prifinance for Colombia?+
A Bogotá office for the EOSF art. 53 file, the capital evidenced at the SFC's indexed figure for the year and the contribución budgeted at the semester's tarifa before anyone drafts, AMV-certified professionals sourced locally, and a tax position settled against the 120,000 UVT line rather than assumed.
Who licenses?+
The SFC.
Broker-dealer licence?+
Comisionista de bolsa.
Capital?+
COP 250m / 500m base, IPC-indexed.
How long?+
Four months by statute.
AMV?+
Mandatory membership.
Adviser-only?+
No; limited-scope tier.
Taxes?+
35%; 40% sector.
Foreign owners?+
No published cap.
Or Chile?+
Speed vs pool.
Why you?+
Bogotá, at source.
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Get a free legal opinion on your project - our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.Free legal opinion: which Colombian tier fits your project and what it will cost.
Prifinance is an independent law and advisory firm. We are not a regulator and are not affiliated with, endorsed by, or acting on behalf of the Superintendencia Financiera de Colombia or any other public authority. Authorisations are granted by, and obtained directly from, the competent authorities.