Simplified joint stock companies
May 19 2023
joint stock companies

Since the approval of the National Development Plan for the period 2023-2026, Simplified Joint Stock Companies will be able to trade their shares in the public stock market.

This type of companies will be able to access a much broader investment portfolio, and this will allow a dynamic expansion in international markets.

For the Simplified Joint Stock Companies to have access to the Public Stock Exchange, they must comply with requirements regarding corporate governance, such as the appointment of a Board of Directors, a Statutory Auditor and an Audit Committee.

However, the National Government has yet to regulate this matter to mitigate uncertainty and speculation scenarios.

(Source in Spanish)