Individuals shall be all those individual persons of the human species, regardless of age, gender, race or condition. Art. 74 of the Civil Code
As regards the Mercantile Registry, the natural person is any individual who, acting in his own behalf, deals in a professional way with one or more of the activities that the law deems commercial; for example, the acquisition of goods for valuable consideration bound to alienate equally, and disposal thereof; intervention as a partner in the establishment of commercial companies, acts of administration thereof or trading for valuable consideration of the stakes or shares; moreover, the receipt of money in mutual interest, with or without a guarantee, to grant as a loan and subsequent loans, as well as routinely giving money as mutual interest, etc.
Individuals shall be held accountable with all of their personal as well as family equity, regarding any and all obligations they acquire during the course of their business activities.
To formalize its business or company, the natural person must first of all apply for registration in the Unified Tax Register (RUT), administered by the National Tax and Customs Office (DIAN), subsequently enroll in the CCB Mercantile Registry using the Unified Business Registry (RUE) forms, as well as those for additional registration with other entities and the RUT registration.
Once the natural person is registered in the commercial register of the CCB, it remains the same person, but it only acquires the merchant status from the professional development of an activity considered by the law as commercial. Individuals act on their own behalf, and are identified by their own personal ID; DIAN, on the other hand, assigns them a NIT, which is their personal ID number, with a digit added in the end.