Payroll in Colombia
Payroll in Colombia runs in COP (Colombian peso). Usually monthly or semi-monthly. Service bonus, cesantías, cesantías interest and vacation accruals are central cost components. Statutory employer contributions apply. Gracemark operates it end-to-end, humans, not tickets.
Two ways to run payroll in Colombia
Own-entity payroll
For long-term presence in Colombia. Gracemark manages statutory filings, pay runs, and year-end reporting under your entity, with a named operator on South America time.
EOR-run payroll
No entity in Colombia? Employ and pay talent under Gracemark's local infrastructure via EOR, onboard in 1–2 weeks (eor), no local incorporation.
Compliance essentials in Colombia
- Prima de servicios (legal bonus) equals one month's pay split across the year
- Cesantías (severance fund) plus interest must be deposited annually
- Working week is gradually reducing toward 42 hours
- Strong, fast-growing nearshore tech hub (Medellín, Bogotá)
- Parafiscal contributions add meaningfully to cost
Get a payroll quote for Colombia
Send your headcount and salary band. We reply with employer burden, net-to-gross, and setup timeline, no sales scripts.
Send the role, a selected worker or an existing-team requirement in Colombia. Get a written recommendation covering the model, cost categories, responsibilities and next steps. One hire is welcome; no meeting required.