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Payroll in Colombia
Payroll in Colombia runs in COP on a bi-weekly / monthly cycle, with statutory employer contributions and prima — 1 month/yr (2 installments). Gracemark operates it end-to-end — humans, not tickets.
Currency
COP — Colombian peso
Payroll cycle
Bi-weekly / Monthly
Working week
47 hrs (reducing)
Minimum wage
~COP 1,750,905/mo + transport
13th-month
Prima — 1 month/yr (2 installments)
Employer cost
~21–27.5% (Papaya 2026)
Probation
Up to 2 months
Notice period
Severance-based
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.
Deeper guide
Hiring guide: Colombia →
Employ without entity
EOR services →
All countries
Global payroll overview →