A software or SaaS company in Colombia usually registers as an S.A.S., a Sociedad por Acciones Simplificada. Once registered with the Camara de Comercio and holding a RUT with a NIT, it opens a peso account with a traditional bank, and adds a cross border platform or a registered cuenta de compensacion to receive revenue from international customers.
Suits SaaS and Software best
A peso bank account for the S.A.S., paired with Payoneer, Wise or Airwallex for foreign currency revenue.
Typical monthly fee
From no monthly fee at cross border platforms to a monthly handling fee, the cuota de manejo, at traditional banks, as of 23 June 2026.
Foreign revenue position
Export of services revenue in foreign currency is subject to the exchange regime and is channeled through an intermediary or a registered cuenta de compensacion. Verify with the provider.
Providers that fit
Several. Traditional banks accept registered companies, and platforms handle international receiving.
Fees and features as of 23 June 2026Last reviewed 23 June 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
A Colombian SaaS or software company is usually an S.A.S., registered with the Camara de Comercio and holding a RUT with a NIT. It opens a peso business account at a traditional bank such as Bancolombia, BBVA Colombia or Davivienda for local operations, payroll and cards, and adds Payoneer, Wise or Airwallex, or a registered cuenta de compensacion, to receive subscription revenue from customers abroad. Foreign currency inflows fall under the Colombian exchange regime, so a declaracion de cambio applies. Figures below are shown as of 23 June 2026, so confirm current terms with the provider.
What SaaS and Software companies in Colombia need from a business account
A software company collects recurring revenue, often in foreign currency from customers, app stores and payment processors abroad, and pays for cloud services, contractors and salaries. It needs a peso account in the name of the S.A.S. for local operations, and a reliable way to receive and convert foreign currency. Export of services revenue is subject to the Colombian exchange regime, so inbound foreign currency is channeled through an intermediary of the exchange market or a registered cuenta de compensacion with a declaracion de cambio, and platforms such as Payoneer, Wise and Airwallex can sit alongside the bank to receive and convert at competitive rates. Confirm the current requirements and reporting duties with the provider, as of 23 June 2026.
B
Bancolombia
Peso business account for the S.A.S., with app and branch access, payroll, cards and foreign currency services subject to the exchange regime.
Best for
Local operations and payroll
Monthly fee
Monthly handling fee, varies by package
P
Payoneer
Receiving accounts in several currencies for online and software revenue, with payout to a Colombian peso account.
Best for
Receiving subscription revenue from abroad
Monthly fee
No monthly fee on standard use, receiving and withdrawal fees apply
Multi currency account to hold and convert funds and pay cloud suppliers abroad at the mid market rate. Not a substitute for a local peso bank account.
Best for
Holding and converting several currencies
Monthly fee
No monthly fee, one time setup fee may apply, pay per transfer
Compare accounts for SaaS and Software in Colombia
These providers accept business customers in Colombia. Fees and eligibility shown as of 23 June 2026. Confirm current terms with the provider before applying.
Questions about banking for SaaS and Software in Colombia
What legal form do SaaS companies use in Colombia?
Most software and SaaS companies in Colombia use the S.A.S., the Sociedad por Acciones Simplificada, because it is simple to set up and flexible on ownership. The company is registered with the Camara de Comercio and obtains a RUT with a NIT from the DIAN. The right structure depends on your plans and any foreign investment, so verify with a qualified adviser. This is general information, not advice.
How does a Colombian software company receive revenue from abroad?
Export of services revenue in foreign currency is subject to the Colombian exchange regime. It is usually channeled through an intermediary of the exchange market or a registered cuenta de compensacion, with a declaracion de cambio. Cross border platforms such as Payoneer, Wise and Airwallex can also receive funds for payout to a peso account. Confirm the current rules with the provider and a qualified adviser, as of 23 June 2026.
Can a SaaS company hold foreign currency in Colombia?
Traditional banks offer foreign currency services subject to Colombian exchange rules, and a registered cuenta de compensacion lets a company hold balances in a foreign account under the exchange regime. Cross border platforms also let a company hold and convert several currencies. Confirm the current options and reporting duties with the provider, as of 23 June 2026.
Does export of software services from Colombia carry VAT?
Export of services can be exempt from IVA, the Colombian value added tax, where the legal conditions are met and the service is registered as required. The treatment depends on the specifics and changes over time, so this is general information, not tax advice. Confirm your position with a qualified adviser and the DIAN.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 23 June 2026. Confirm current terms with the provider before applying.