488,000 commercial registrations were renewed in Bogotá in the last year

On Tuesday, April 5, the Mayor's Office of Bogotá announced that according to data reported by the Bogotá Chamber of Commerce (CCB), as of March 31, there were more than 488,000 renewals of commercial registration, 305,000 for entrepreneurs, between natural and legal persons, and 183,000 of commercial establishments.

The information also detailed that the total number of renovated productive units registered an approximate increase of 4% compared to the same renovation period in 2021 and a slight decrease of 1% compared to 2019, a comparable year prior to the pandemic.

As for the form of registration used by entrepreneurs in the capital, it was known that there was a significant increase in the use of virtual services. “Of the total number of renewals, it was possible to maintain 95% of the forms filled out virtually, as was recorded during 2021,” the report detailed.

But in addition to the entrepreneurs who renewed virtually, 69% made the payment through the ccb.org.co portal or in a bank, which represented similar behavior to 2021.

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“It is worth noting the efforts of more than 24,800 entrepreneurs who, despite not having been active in 2021, caught up with the renewal of their companies in 2021 and 2022″, said the Bogotá Mayor's Office and at the same time announced what Nicolás Uribe Rueda, president of the CCB, said:

It is worth remembering that entrepreneurs who renewed their commercial registration will be able to access more than 1,000 services, which are mostly free and seek to strengthen, transform the business, increase sales, access platforms such as Bazzarbog, which will allow them to enter electronic commerce, or access the Business Financing, where we provide training and support to access available loans with one of the best market conditions for MSMEs.

The Bogotá Chamber of Commerce also took the opportunity to remind merchants that when a company is registered, it is possible to obtain new market opportunities.

Here are some benefits of the formalization noted by the CCB:

-Receive support from the CCB in its formalization process with a wide portfolio of opportunities to continue strengthening your company.

-Have the possibility of becoming a State contractor.

-Receive advice on the key steps to be a successful supplier and become a supplier to larger companies.

-Access better financing opportunities for the company.

-You can be a beneficiary or apply to the business strengthening programs that INNPulsa has.

-Be part of the Compre Colombiano program and access other services that the Ministry of Commerce, Industry and Tourism and Propais have for micro and small formal entrepreneurs.

-Improvement within the Social Security System.

-The VAT that the company invoices, can be deducted.

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