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Administration Trust Agreement Colombia (Fiducia de Administración)

Administration Trust Agreement Colombia (Fiducia de Administración)

CONTRATO DE FIDUCIA MERCANTIL DE ADMINISTRACIÓN

(Administration Trust Agreement)

Código de Comercio Arts. 1226–1244 — Decreto 2555 de 2010

En [Sign City], a los [Sign Date], entre:

FIDEICOMITENTE:

[Fideicomitente Name], identificado(a) con NIT/C.C. [Fideicomitente NIT], representado(a) por [Fideicomitente Rep], con domicilio en [Fideicomitente Address].

SOCIEDAD FIDUCIARIA:

[Fiduciaria Name], identificada con NIT [Fiduciaria NIT], autorizada por la Superintendencia Financiera de Colombia mediante [Fiduciaria Auth], representada por [Fiduciaria Rep].

BENEFICIARIO:

[Beneficiary Name], identificado(a) con NIT/C.C. [Beneficiary NIT], con participación del [Beneficiary Percentage] sobre los beneficios del patrimonio autónomo.

Quienes celebran el presente Contrato de Fiducia Mercantil de Administración conforme a las siguientes cláusulas:

PRIMERA. — OBJETO Y FINALIDAD

El presente contrato tiene por objeto constituir una fiducia mercantil de administración conforme a los Artículos 1226 a 1244 del Código de Comercio, mediante la cual el FIDEICOMITENTE transfiere a la SOCIEDAD FIDUCIARIA los bienes descritos en la cláusula segunda, para que esta los administre con la finalidad de: [Trust Purpose].

SEGUNDA. — BIENES FIDEICOMITIDOS

El FIDEICOMITENTE transfiere al patrimonio autónomo los siguientes bienes:

Tipo de activos: [Asset Type].

Descripción: [Asset Description].

Valor estimado: [Asset Value].

Los bienes fideicomitidos conformarán un patrimonio autónomo en los términos del Artículo 1233 del Código de Comercio, separado de los bienes propios del FIDEICOMITENTE y de la SOCIEDAD FIDUCIARIA.

TERCERA. — OBLIGACIONES DE LA SOCIEDAD FIDUCIARIA

La SOCIEDAD FIDUCIARIA se obliga a: (a) administrar los bienes fideicomitidos como un buen hombre de negocios conforme al Artículo 1234 del Código de Comercio; (b) mantener el patrimonio autónomo separado de sus propios bienes y de los demás patrimonios autónomos bajo su administración; (c) invertir los recursos del patrimonio autónomo conforme a la siguiente política de inversión: [Investment Policy]; (d) rendir cuentas comprobadas al FIDEICOMITENTE y al BENEFICIARIO con periodicidad trimestral; (e) entregar al BENEFICIARIO los rendimientos o bienes según las instrucciones del presente contrato; y (f) cumplir las instrucciones del FIDEICOMITENTE siempre que no contravengan la ley ni el presente contrato.

CUARTA. — DERECHOS DEL FIDEICOMITENTE

El FIDEICOMITENTE conserva los siguientes derechos conforme a los Artículos 1236 y 1237 del Código de Comercio: (a) exigir rendición de cuentas a la SOCIEDAD FIDUCIARIA; (b) modificar las instrucciones de administración e inversión dentro de los parámetros del presente contrato; (c) designar beneficiarios sustitutos; y (d) revocar la fiducia conforme a lo establecido en la cláusula sexta.

QUINTA. — COMISIÓN FIDUCIARIA

Como contraprestación por sus servicios de administración, la SOCIEDAD FIDUCIARIA recibirá una comisión fiduciaria de: [Fiduciary Fee]. La comisión será descontada directamente de los recursos del patrimonio autónomo. La SOCIEDAD FIDUCIARIA informará al FIDEICOMITENTE de cualquier modificación en la estructura de comisiones con treinta (30) días calendario de anticipación, conforme a la Ley 1328 de 2009.

SEXTA. — REVOCABILIDAD

El presente contrato de fiducia es: [Revocable]. En caso de revocación, la SOCIEDAD FIDUCIARIA deberá restituir los bienes del patrimonio autónomo al FIDEICOMITENTE dentro de los treinta (30) días hábiles siguientes, previa deducción de las comisiones causadas y gastos pendientes, y rendirá una cuenta final de su gestión conforme al Artículo 1240 del Código de Comercio.

SÉPTIMA. — VIGENCIA

El presente contrato tendrá una vigencia de [Trust Duration], contados a partir de la fecha de suscripción. La fiducia no podrá exceder el plazo máximo de veinte (20) años establecido en el Artículo 1230 numeral 4 del Código de Comercio, salvo cuando el beneficiario sea una persona incapaz, caso en el cual la fiducia podrá extenderse por el tiempo de la incapacidad.

OCTAVA. — CAUSALES DE TERMINACIÓN

La fiducia terminará por las causales previstas en el Artículo 1240 del Código de Comercio: (a) cumplimiento de la finalidad; (b) vencimiento del plazo pactado; (c) revocación por el FIDEICOMITENTE cuando proceda; (d) imposibilidad de cumplir la finalidad; (e) acuerdo mutuo de las partes; (f) disolución de la SOCIEDAD FIDUCIARIA; y (g) las demás causales legales o contractuales aplicables.

NOVENA. — LEY APLICABLE Y JURISDICCIÓN

El presente contrato se rige por las leyes de la República de Colombia: Código de Comercio (Decreto 410 de 1971), Estatuto Orgánico del Sistema Financiero (Decreto 663 de 1993), Decreto 2555 de 2010, y la Circular Básica Jurídica de la Superintendencia Financiera de Colombia. Las controversias serán resueltas por los Juzgados Civiles del Circuito de la ciudad de [Sign City] o, a elección de las partes, mediante arbitraje comercial conforme a la Ley 1563 de 2012.

FIRMAS

FIDEICOMITENTE:

[Fideicomitente Name]

NIT/C.C.: [Fideicomitente NIT]

Representante Legal: [Fideicomitente Rep]

Firma: _________________________

SOCIEDAD FIDUCIARIA:

[Fiduciaria Name]

NIT: [Fiduciaria NIT]

Representante Legal: [Fiduciaria Rep]

Firma: _________________________

Fideicomitente (Settlor)

________________

Signature

Sociedad Fiduciaria (Trust Company)

________________

Signature

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What Is a Administration Trust Agreement Colombia (Fiducia de Administración)?

An Administration Trust Agreement Colombia (Contrato de Fiducia Mercantil de Administración) is a commercial trust contract regulated by Código de Comercio (CCo — Decreto 410 de 1971) Articles 1226 through 1244, through which a person called the fideicomitente (settlor) transfers one or more assets to a sociedad fiduciaria (trust company) authorized by the Superintendencia Financiera de Colombia (SFC), for the fiduciaria to administer those assets according to specific instructions and deliver the proceeds or benefits to a beneficiario (beneficiary) designated in the contract.

The Código de Comercio Article 1226 defines fiducia mercantil as a legal business (negocio jurídico) through which a person transfers or delivers assets to a fiduciaria, transferring or not the ownership thereof, for the fiduciaria to fulfill a specific purpose — in the case of fiducia de administración, the purpose is the professional management and administration of the entrusted assets. Article 1234 establishes that the fiduciaria must act as a good businessperson (buen hombre de negocios), imposing a professional standard of care that exceeds ordinary diligence under Código Civil Article 63.

The Superintendencia Financiera de Colombia — created by Ley 964 de 2005 and regulated through Decreto 2555 de 2010 (Decreto Único del Sector Financiero) — exercises exclusive supervision over sociedades fiduciarias, which must be organized as sociedades anónimas (stock corporations) with minimum capital requirements established in Decreto 2555 Article 2.5.3.1.1. Only entities authorized by the SFC may engage in fiduciary activities under Estatuto Orgánico del Sistema Financiero (EOSF — Decreto 663 de 1993) Article 29 numeral 3.

The fiducia de administración creates a patrimonio autónomo (autonomous patrimony) separated from the personal assets of both the fideicomitente and the fiduciaria, as established in CCo Article 1233. The patrimonio autónomo constitutes a separate legal estate that cannot be seized by creditors of either party — protection confirmed by the Corte Suprema de Justicia Sala de Casación Civil in multiple rulings and codified in CCo Article 1238, which limits the actions of fideicomitente creditors to requesting revocation of the trust only when the transfer was made in fraud of creditors (acción pauliana under CC Article 2491).

Common applications of fiducia de administración in Colombia include: administration of corporate funds and payroll resources; management of investment portfolios for institutional clients; administration of resources from public contracts under Ley 80 de 1993 (Estatuto General de Contratación de la Administración Pública) and Ley 1150 de 2007; management of pension and severance funds governed by Ley 100 de 1993; and administration of resources from judicial settlements and condemnation awards. The Circular Básica Jurídica (Circular Externa 029 de 2014) of the SFC establishes detailed operational requirements for fiduciarias administering trust estates, including investment policies, conflict of interest management, and reporting obligations.

The Ley 1328 de 2009 (Régimen de Protección al Consumidor Financiero) and Decreto 2555 de 2010 Part 7 impose consumer protection obligations on fiduciarias, including transparency in fees, clear reporting on trust performance, and the obligation to act in the exclusive interest of the beneficiario. The Defensor del Consumidor Financiero — appointed for each fiduciaria under Ley 1328 Article 13 — serves as the first-instance dispute resolution mechanism for fideicomitentes and beneficiarios with complaints about trust administration.

When Do You Need a Administration Trust Agreement Colombia (Fiducia de Administración)?

An Administration Trust Agreement Colombia is needed whenever a natural person or legal entity requires professional management of assets by a regulated financial institution, with the protection of patrimonio autónomo separation under Código de Comercio Article 1233.

The agreement is needed when companies must segregate funds designated for specific purposes — employee benefits, deferred compensation, retirement plans, or contractual obligations — from the company's general assets. Under CCo Article 1233, assets transferred to the fiducia de administración form a patrimonio autónomo that creditors of the fideicomitente cannot seize, providing protection against insolvency risks governed by Ley 1116 de 2006 (Régimen de Insolvencia Empresarial).

A fiducia de administración is required when public entities and private contractors must administer resources from government contracts. Ley 80 de 1993 Article 32 numeral 5 and Ley 1150 de 2007 require that advance payments (anticipos) from public contracts be managed through encargos fiduciarios or fiducias de administración, confirming that public funds are used exclusively for the contracted purpose under the supervision of the Contraloría General de la República.

The document is needed when families or individuals seek professional administration of investment portfolios, rental properties, financial assets, or inheritance proceeds. High-net-worth individuals in Colombia frequently use fiducia de administración to delegate asset management to licensed fiduciarias supervised by the Superintendencia Financiera de Colombia, benefiting from professional investment management, regulatory oversight, and patrimonio autónomo protection.

An administration trust agreement is needed when companies establish employee benefit programs — bonuses, stock option equivalents, profit-sharing arrangements — that require holding and distributing funds according to predetermined conditions. The fiduciaria administers the resources and disburses them to beneficiaries upon verification of the conditions specified in the trust agreement.

The agreement is required when parties to litigation or arbitration need a neutral administrator for disputed assets. Juzgados Civiles and arbitral tribunals under Ley 1563 de 2012 may order or the parties may agree to deposit disputed assets into a fiducia de administración pending resolution of the dispute, with the fiduciaria acting as custodian under court or tribunal instructions.

A fiducia de administración is also needed when Colombian companies participate in public-private partnerships (Asociaciones Público-Privadas under Ley 1508 de 2012) and must channel project funds through a patrimonio autónomo to comply with regulatory requirements of the Agencia Nacional de Infraestructura (ANI) and the Departamento Nacional de Planeación (DNP).

What to Include in Your Administration Trust Agreement Colombia (Fiducia de Administración)

A valid Administration Trust Agreement Colombia under Código de Comercio Articles 1226 through 1244 and Decreto 2555 de 2010 must contain the following essential elements to be enforceable and compliant with Superintendencia Financiera de Colombia requirements.

Identification of Parties: Complete identification of the fideicomitente (settlor) — for natural persons: full name, cédula de ciudadanía, and domicile; for legal entities: razón social, NIT (Número de Identificación Tributaria assigned by the DIAN), Cámara de Comercio registration, and representante legal. Identification of the fiduciaria (trust company) — razón social, NIT, SFC authorization number, and representante legal. Identification of the beneficiario or beneficiarios, with clear specification of the percentage or proportion of benefits each shall receive.

Trust Assets (Bienes Fideicomitidos): Detailed description of the assets transferred to the fiducia — cash amounts in Colombian pesos (COP), financial instruments (CDTs, bonos, acciones), real property (identified by matrícula inmobiliaria and cédula catastral), personal property, intellectual property rights, or any other assets susceptible of economic valuation. Under CCo Article 1226, the transfer must be clearly documented — for real property, public deed (escritura pública) and registration with the Oficina de Registro de Instrumentos Públicos is required.

Purpose and Instructions (Finalidad e Instrucciones): Precise description of the fiduciary purpose — what the fiduciaria must do with the entrusted assets — and specific administration instructions. Under CCo Article 1234, the fiduciaria must follow the instructions of the fideicomitente provided they do not violate the law. Instructions should cover: investment policy and permitted instruments; conditions for disbursement to beneficiaries; reporting frequency and format; restrictions on asset disposition; and procedures for extraordinary situations.

Fiduciary Fee (Comisión Fiduciaria): Specification of the fiduciaria's compensation — typically a percentage of the administered assets calculated annually and charged monthly, or a fixed fee. Under Ley 1328 de 2009 and Circular Básica Jurídica Part I Title III Chapter I, fees must be transparent, disclosed in advance, and agreed in writing.

Duration: The term of the trust agreement — CCo Article 1230 numeral 4 establishes that fiducia mercantil cannot exceed twenty (20) years from the execution of the contract, except when the purpose is to benefit a known or expected incapacitated person (incapaz), in which case it may last for the duration of the incapacity. The agreement should specify grounds for early termination and the procedure for winding up the trust estate.

Fiduciaria Obligations: Under CCo Article 1234, the fiduciaria must: administer the trust assets as a buen hombre de negocios (good businessperson); maintain the patrimonio autónomo separate from its own assets and from other trust estates under its administration; render periodic accounts (rendición de cuentas) to the fideicomitente and beneficiario; invest trust assets according to the agreed investment policy and SFC regulations; and transfer assets or proceeds to the beneficiario upon fulfillment of the conditions established in the agreement.

Fideicomitente Rights: Under CCo Articles 1236 and 1237, the fideicomitente retains: the right to demand accounts from the fiduciaria; the right to revoke the trust when it has reserved the power to do so; the right to modify the trust instructions within the agreed parameters; and the right to appoint replacement beneficiarios.

Termination Causes: Under CCo Article 1240, the trust terminates by: fulfillment of the purpose; expiration of the agreed term (maximum 20 years under Article 1230 numeral 4); revocation by the fideicomitente when permitted; impossibility of fulfilling the purpose; mutual agreement; and other causes established by law or the agreement.

Forms-legal.com provides this Administration Trust Agreement Colombia template as a starting point for establishing fiduciary relationships. Every fiducia de administración should be reviewed by an abogado financiero and comply with the Circular Básica Jurídica of the Superintendencia Financiera de Colombia and Decreto 2555 de 2010 requirements.

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@misc{formslegal-administration-trust-agreement-colombia,
  author       = {{Forms Legal}},
  title        = {Administration Trust Agreement Colombia (Fiducia de Administración) (Colombia)},
  year         = {2026},
  howpublished = {\url{https://forms-legal.com/colombia/estate-planning/trusts/administration-trust-agreement-colombia}},
  note         = {Free legal document template}
}

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Statute-referenced template — Template last modified June 2026

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