Untitled Prezi

SED INTERNATIONAL

NEW BRANCH IN COLOMBIA

Step 5: Register the books of the company at the Chamber of Commerce.

STRATEGY

• All stores will have promotional information , with contacts of its executive seller and contact details (paperweights, small blackboards, pens, key chains, calendars, post-it) to generate the recall and the impact of arrival) as well as the day of the event
• Location: The launch will be held at the convention center in the same shopping center on the 3rd floor
• Time hours: 7:00 to 9:00 am

• Every branch should have the accounting books, including the following:
• Daily bookGeneral Ledger balance
• Registration fee of trading books corresponds to 1.74% of a SMMLVwhich equals for 2014 is equivalent to the sum of COP 10,718 pesos (USD 5.6 taking into account a TRM of COP 1,900 pesos).

Step 6: Open a bank account with the institution of their choice.

Every branch should open an account to its name in a bank. On this account the deposit of capital by investors should be made. For information on financial institutions in Colombia you can visit the website of the Financial Supervision. Superintendencia Financiera.

Step 4: To perform the Unified Tax Registry (RUT)

This procedure may be done in person or through power of attorney, before the Office of National Taxes and Customs to obtain the NIT of the branch.

The public deed of constitution, letters of acceptance, and the additional form for tax purposes (RUT and NIT if applicable) filled out, indicating the taxes to which the company is subject, must be registered to the Chamber of Commerce of the residence of the branch. To do this the commercial registration form must be filled out.

The inscription on the Chamber is subject to payment of the registration tax, equivalent to 0.7% of the amount of capital allocated to the branch. This registration must be renewed annually to the same entity. In the following link you can see the ranges established for payment.

Objective:

Step 7: Register a foreign investment in the Banco de la Republica.

Expand coverage in the region of Antioquia and create open main distributors in technology, considering that is the part where the highest concentrations of sub dealers for the rest of the country are, following Bogotá.

Product:

• How the deployment of information will take place?

Laptop 2 x 1 hp x360

Price:

Once the investment is made, ie once the capital allocated to the branch is covered, and subsequently each increment thereof, a register of foreign investment to the Banco de la republica should be made. The procedure for registration of investment varies depending on the mode in which it is made.

For details on this procedure see the hyperlink how to register investment.

http://www.inviertaencolombia.com.co/como-invertir/pasos-para-instalarse/constituir-una-sucursal-de-sociedad-extranjera.html

Regular price $ 1045.000 launch price $ 995,000 By packs of 10 for distributors of the mall.

Step 2: Formalize by public deed:

• In the days prior to launching the regional manager and executives will perform a visit thhrough the mall, visitng all stores, announcing the launch and delivering personalized invitation to the business manager and shopping channels and also will announce a spiff plan for the seller of the channel and the opening bid.

• In the visiting a data collection from distributors such as mails, products offered, place and prior to the event information via e-mail will be sent.

For this step the documents mentioned in the first step are required. The public deed must have the signature of the representative of the foreign company in Colombia.

The signing of the public deed generates the corresponding payment of notary fees which are 3.0 per thousand of the value of the allocated capital.

Business Centre where the new branch of international SED will be located

Step 3: Get letters of acceptance of positions of the branch:

Letters of acceptance of positions should be obtained from the persons named in the articles of the company, such as legal representative and alternate.

Such letters should include the full name of the person accepting the position, title, id number and identification of the person signing.

MONTERREY MALL

Promotion:

Next stop....

Medellín

Spiff of $ 10,000 for the owner of the channel and special price for the product offered.

Plaza:

Step 1.....

The new branch of SED INTERNATIONAL in Medellin, will be located in Monterrey mall where the largest number of clients involved in commercial distribution of technology products are concentrated.

Discount for Dealers

The documents mentioned above must have the legalization chain established under Colombian law, which consists of the following:

• Authentication there of by a notary public in charge of the location of the company or individual investor, which certifies the legal representation, authenticity of the document and the existence of society.

• Verification of information in such documents by the Colombian consul from the same location.

• Recognition by the Ministry of Foreign Affairs of Colombia.

• The translation of such documents in spanish, where necessary, by an official translator certified as such in Colombia.

• The previous steps to legalize do not apply if the country from where the documents come are sheltered by the Haya Convention, in which case only the notarization and "Apostille" is required, subject to the official translation of documents in case of requiring.

PROCESSES IN THE CHAMBER OF COMMERCE FOR MEDELLIN, ANTIOQUIA:

The day of launch of the opening of the branch, an event only for dealers Medellín will be held, a business type event where products such as laptop hp x360 will be offered. With additional special discount of 5% to the price, only for the day of the opening, additional to this resellers of channels will be delivered a spiff of $ 10,000 per Hp laptop x360 Sold during the two weeks after the launch event, and will delivered after the event, with the copy of the invoice and a copy of the wholesale invoice the end customer.

1. Query the name

2. To process the creation document

3. Appoint the administrator of the branch.

4. Confirm the document of acceptance by the administrator

5. Granting power to the new administrator

6. Filling out and submit the registration form and attachment DIAN-SM

7. Attach certificate of existence and legal representation of the company, certified copies of the articles of association of the company and the amendments if any, accompanying their respective certificates of registration tax payment

8. Pay tax registration and registration fees

http://www.camaramedellin.com.co/site/Portals/0/Documentos/guias/Guia--9--2012.pdf

Three reasons for choose Medellin

Distibution:

This branch will feature an office for Customer service and a storage warehouse to count on immediate availability, and qualified personnel in the commercial area to take orders, and logistic personal in area for direct delivery.

Aspects to be considered for Establishing a Foreign Company Branch in Colombia

1. Medellín is the capital and biggest city in the department of Antioquia, in Colombia, the second most populated in colombia.4is located in the natural region known as Valle de Aburrá, the city has a population of 2.441.123 habitants (2014),1 meanwhile such value including the metropolitan area increases to 3.731.447 persons (2014).1

2. Medellín was chosen as the most innovating city of the world in the city of the year contest granted by The Wall Street Journal and Citigroup. The capital antioqueña ran against Nueva York and Tel Aviv, decision was made through online voting.

http://www.elcolombiano.com/medellin-innovadora.asp

3. Medellín received a new recognition in the Business Destinations Travel Awards The contest, organized by the Business Destinations magazine, 550 companies and entrepreneurs chose it as the best destination in South America to do business. Medellin is Colombia's most competitive city economically speaking.

http://www.eltiempo.com/archivo/documento/CMS-12627468

http://www.elcolombiano.com/medellin-innovadora.asp

http://www.semana.com/nacion/articulo/medellin-ciudad-mas-innovadora-del-mundo/334982-3

http://www.medellincomovamos.org/medellin-la-ciudad-mas-competitiva-a-nivel-nacional-y-la-numero-96-a-nivel-global

Step 1: Documents required for the establishment of a foreign company branch:

• Certificate of existence and legal representation of the holding company, issued by the competent officer. In case of a natural person it shall be a copy of the passport.

• Power of attorney authorizing a lawyer or a person to act on behalf of the holding company.

• Statutes of the main company.

• Resolution of the competent organ of the main company authorizing the opening of the branch in Colombia, indicating at least the following:

• The business that will be developed by the branch
• The amount of capital allocated to the same
• Its address
• The duration.
• The grounds for termination of business.
• The appointment of the legal representative and its powers
• The appointment of the auditor