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7 years ago

SAS Costs

7 years ago
Interested if anyone has opened and operated one of these for property (or other) in Colombia. I looked into it with a firm, and the running costs seem extreme. Essentially they informed me that:



The cost of establishing the SAS would be 2,000,000 pesos + 16% IVA, and government fees of 300,000 pesos. = 2,620,000 pesos or 880 USD



Then they stated that there is a monthly fee for accounting requirements /legal requirements etc of 1,200,000 pesos a MONTH = 14,400,000 / 4,800 USD.



The monthly fees seem outrageous and I suspect that there is a significant Gringo tax in there.



Does anyone have a breakdown of their costs?



Thanks.

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