1 - Request the review of the fire protection system
Through this procedure you can obtain a technical concept on the fire protection system and human safety conditions.
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Requirements
What do I need to request the review of the fire protection system?
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You need the certificate of existence and legal representation
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Payment of ICA Tax (Industry and Commerce Tax)
Steps
What steps to follow once I have all the documents?
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File the documents with the Fire Department to request a visit to review the fire protection system
Virtuality
Where can I go?
This procedure will be done in person at the Regional Fire Department, you can also obtain information about the process on the web or by phone
Costs
What is the cost of this procedure?
COP $65.376
Time
How long does this procedure take?
45 working days
Regulations
What regulations must I comply with?
Law 1575 of 2012. Whereby the General Law of Firefighters of Colombia is established (article 9) (Ordinary Law).
Law 1575 of 2012. Through which the General Firefighters Law of Colombia is established (article 42) (Ordinary Law).
Resolution 661 of 2014 of the Ministry of the Interior - National Firefighters Board of Colombia. By which the administrative regulation is adopted.
2 - Register your trademark with the Superintendence of Industry and Commerce
The objective of this procedure is to register the trademark of the company before the
Superintendence of Industry and Commerce in Colombia SIC
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Requirements
What do I need to apply for the Trademark Registration?
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STAGES
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TERM
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1. Submission of the application
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Does not apply
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2. The application is admitted for processing and the filing date is assigned
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Does not apply
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3. Examination of form
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Does not apply
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3.1. If there is any formal error, the SIC issues a requirement and a term to correct it is granted.
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60 working days following the notification
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4. The SIC orders the publication of the application in the Industrial Property Gazette.
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Does not apply
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5. A term is granted for interested third parties to oppose the application for registration.
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30 working days after the date of publication
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6. Additional time is granted (if requested) to submit evidence to support the opposition
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30 working days after the expiration of the deadline for oppositions
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7. A time limit is granted to the applicant to reply to the opposition
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30 working days following the notification of the opposition
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8. An additional time limit is granted (if requested) for submitting evidence in support of the opposition.
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30 working days after the expiration of the opposition deadline
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9. The SIC makes the substantive examination of the application and of the opposition(s) -if applicable-
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N/A
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10. Filing of the appeal against the decision of the SIC
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10 working days from the day following the day of notification of the decision
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Steps
What steps to follow once I have all the documents for the Trademark Registration?
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Gather the required documentation
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Make the payment
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File the application
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Attend to the request for the formal review process of the documents attached with the application and the correction of the same, if necessary.
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Consider the response of oppositions (such oppositions are filed by whoever has a legitimate interest in invalidating the trademark registration, due to possible risk of confusion or association).
Virtuality
Where can I go?
You can initiate, follow up, pay, and finalize the process by obtaining the documents through the website of the Superintendence of Industry and Commerce.
Costs
What is the cost of this procedure?
COP$1.003.500
Based on the price rates of trademarks that are updated annually and can be paid online or physically.
Time
How long does this process take?
Between 180 and 210 days
Regulations
What regulations must I comply with?
Decision 486 of 2000, The Commission of the Andean Community (Art. 134) (Supranational standard with the rank of law).
Resolution 63360 of 2021
3 - Share the regulations of the private equity fund and the profile of the person who will act as professional manager
Private Equity Funds are composed of an Administrative Company, a Professional Manager, a Supervisory Committee and an Investors' Assembly.
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Requirements
Although the approval of the Superintendence of Finance of Colombia (SFC) is not required for the operation of the FCPs, the following information must be submitted to the SFC at least 15 working days prior to the incorporation of these funds:
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Model of the regulations
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Profile of the professional manager, if any
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Copy of the minutes of the Board of Directors of the Management Company approving the model of the regulations
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Certification issued by the legal representative of the Management Company certifying compliance with the legal requirements
The Investment Policy must be defined prior to the incorporation of the FCP. The Investment Plan must contemplate the type of companies or projects in which it is intended to participate and the criteria for their selection, including their economic activity and geographic location
NOTE: The Management Company must be a corporation supervised and controlled by the SFC
Steps
What steps to follow once I have all the documents?
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Provide the information of the requirements together with the fund's regulations to the Financial Superintendence of Colombia - SFC
Virtuality
Where can I go?
You can initiate and follow up this procedure online through the Financial Superintendence of Colombia and through the Public information
Costs
What is the cost of this procedure?
No cost
Time
How long does it take?
>1 business day
Regulations
What regulations must I comply with?
Decree 1984 of 2018
Decree 2555 of 2010 (Art. 3.3.2.2.1) (Regulatory Decree)
External Circular 029 of 2014 - Superintendency of Finance of Colombia
4 - Apply for the authorization of business integrations
This authorization will allow the investor to acquire control of one or several companies, or to acquire control of one company in an existing company or to create a new company in order to develop activities jointly.
The Colombian competition regime provides that business integrations or concentrations that meet certain conditions must be reported to the Superintendence of Industry and Commerce (SIC), which is the national competition protection authority.
The term business integration is broad and includes mergers, acquisitions, consolidations, collaboration or joint venture agreements or any other type of agreement or transaction whereby one company acquires control over another and competition in the market ceases, through the consolidation of two market players into one.
When the parties have a joint participation of less than 20% in the relevant market, the integration operation is understood to be automatically authorized by virtue of the law, but in any case, it must be notified to the SIC before it is carried out, and the SIC reserves the right to review the assumptions of event considered by the parties.
When the parties have a joint participation of more than 20% in the relevant market, the transaction must be approved by the SIC in order to be conducted.
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Requirements
What do I need to request the integration of companies?
Business integrations must be reported to the SIC when the following assumptions are met:
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Subjective assumption: the companies involved in the operation are engaged in the same economic activity (horizontal integration); or that the companies involved in the operation are part of the same value chain (vertical integration).
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Objective assumption: The companies that meet any of the subjective assumptions have had, jointly or individually, operating revenues in excess of 60,000 legal monthly minimum wages in force (for the year 2021 COP$ 54,511,560,000; approximately USD 14,833,077) in the year immediately preceding the transaction; or that the companies that meet any of the subjective assumptions have had total assets, jointly or individually, in excess of 60,000 legal monthly minimum wages in force (for the year 2021 COP$ 54,511,560,000; approximately USD 14,833,077) in the year immediately preceding the transaction.
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Notification document
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In case of having an approved power of attorney, submit the powers of attorney and certificates of existence and legal representation of all the intervening companies
Steps
What are the steps to apply for business integration?
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Gather the required documentation (pre-evaluation application and additional information if required)
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Make the payment
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File the application with the Superintendence of Industry and Commerce
Virtuality
Where can I go?
You can initiate, follow up and finalize the procedure and/or service online through the website of the Superintendence of Industry and Commerce SIC
Costs
What is the cost of this procedure?
To file a notification: COP$2,620,000 (approximately USD750). To file a pre-evaluation request: COP$14,200,000 (approximately USD4,100).
If the SIC determines that the transaction presents competitive concerns it is necessary to initiate Phase 2, which depending on the operating income or total assets of the parties that are in the process of integration, must assume higher fees ranging from COP$26,160,000 (approximately USD7,500), up to COP$37,380,000 (approximately USD10,800).
Time
How long does this process take?
135 calendar days approximately
Regulations
What regulations must I comply with?
Law 1340 of 2009 (Article 9) (Ordinary Law)
Circular 1 of 2001 of the Superintendence of Industry and Commerce, Chapter Two of Title VII (Number 3) (Administrative Act).
Resolution 2103 of 2021