As per the dispositions set forth in Resolution 122 of 2014 issued by the National Tax and Customs Office (DIAN), entrepreneurs must follow the procedure described below, in order to process the issuance of their NIT through the Chamber of Commerce of Bogotá (CCB)
Register, renew and learn more about the benefits and usefulness of the Merchant's Registry.
All entrepreneurs registered must renew their certificate and that of their commercial establishments before March 31 of each year. This proceeding can be done online (spanish version) or at any of the CCB's offices. Learn more about rates of the Public Registries 2017.
Renew online and follow the steps below:
What are your obligations as a merchant, and what happens if you fail to meet them?
As per article 19 of the Commercial Code (spanish version), a merchant's obligations are:
- To register into the Commercial Registry, and to renew their membership annually.
- Recording all acts, ledgers and documents in the Commercial Registry.
- Keep a regular bookkeeping of their business transactions in compliance with all legal dispositions.
- Keep, in compliance with all legal dispositions, the correspondence and other documents related to their business or activities.
- Report to the corresponding judge any interruptions in the current payment of their mercantile obligations.
- Refrain from engaging in unfair competition acts.
The violation of the aforementioned dispositions is penalized with economic sanctions imposed by the Superintendence of Industry and Commerce (SIC) of up to 17 Minimum Monthly Legal Wages (MMLW).
For further information, contact our Customer Response Line: (571) 3830330 o see the Vademecum Commercial Registry (spanish version).
For further information, go to article 37 of the Commercial Code (spanish version), the article 11 of the Decree 2153 of 1992 and the article 10 of the Decree 4886 of 2011.
The Commercial Registry allows all entrepreneurs to undertake any commercial activity and to publicly accredit their status as merchants. Furthermore, they will have access to key information for the expansion of their portfolio of potential clients and vendors.
The Merchant's Certificate is public evidence of the merchant's status as such, as it puts entrepreneurs and business owners and managers on the radar for potential customers searching the records. It includes general information about merchants and companies.
Benefits of having a Merchant's Certificate
- The Merchant's Certificate is the document that provides real and updated information about an entrepreneur's company.
- It is the proof of existence and legal representation. Furthermore, it is evidence required by law to accredit a legal person.
- It allows entrepreneurs and businesses to be easily found in order to establish potential business transactions and commercial partnerships.
- It attests to a company's business activities.
- It allows to determine a company's legal powers and limitations.
- It allows for an identification of the Board Members at a specific company, and accurately establishes its effective term.