Colombia

COLOMBIA

COLOMBIA

COMPANY DETAILS

Amway Colombia

Diagonal 92 # 17 A - 42 Piso 4
Bogota
Colombia

Phone:  57-1-644-4420
Fax: 57-1-523-9501

www.amway.com.co (Public & Distributor Website)

amway_colombia@amway.com (Email)

Opened August 1996

 

Plan Basics

Overview

Purchasing Products
All Amway Business Owners purchase products directly from Amway.

Bonus Payment
Bonuses will be paid directly to all Amway Business Owners (ABO) who have earned the bonus. Bonus payments will be paid by by wire electronic transfer. Beginning January 1, 2009, an ABO must generate 150 personal points in a month in order to receive a bonus. This applies to any bonuses (personal, group differential, leadership, etc.). This new requirement is a monthly requirement meaning that an ABO must generate 150 personal points every month that he is receiving a bonus to be eligible to keep it. This requirement has been waived for Foreign ABOs with a Number two business in Latin America. The assumption is that these ABOs are fulfilling requirements in their Home Market.

PV/BV Transfers
PV/BV transfers are not available.

Single Line of Sponsorship
Amway Latin America is integrated by 12 affiliates:
Argentina
Brazil
Colombia
Costa Rica
Chile
El Salvador
Honduras
Guatemala
Mexico
Panama
Uruguay
Venezuela
As of September 2007, Latin America began operating as a Consolidated Line of Sponsorship (consolidated market) where Amway Business Owners (ABOs) are able to personally sponsor from and to any market within the Latin America Region without the need to establish as second business. The consolidation of the Latin American line of sponsorship means very important opportunities for ABOs. Some of the benefits are:
- Cross border sponsoring allows for personal sponsoring in all markets
- ABOs can place orders in any market different from their home country, only to be shipped to local addresses within the affiliate where the order is placed
- Combined volume from all markets allows an ABO to reach the 21% level more quickly
- Regional Business Kit
- Regional GIP Program
 -Regional Bonus Statement

Performance Schedule

PV Performance Bonus
10000             21%
7000               18%
4000               15%
2400               12%
1000                9%

PV/BV Ratio
The average PV/BV ratio for Amway products as of March 2017 is 2778.

Retail Margin
Retail Margin depends, if the ABO obtain full discount of 30% (222 or more personal points in one month) will have 43% of retail margin, if the ABO obtains 25% discount (221 or less personal points in one month) will have 33% of retail margin, this depart

Starter Kit Purchasing
In order to buy a Business Starter Kit and become a new Amway Business Owner (ABO), the prospect must be at least 18 years age and contact an Amway Business Owner for purchase of the Starter Business Kit. The new Amway Business Owner must complete, sign and submit the Registration form (original) by post mail. (He/she may also fax the Registration Form before sending the original so he/she can buy products immediately)

This process can also be completed using the Internet site www.amway.com.co where the applicant, together with the sponsor, completes the Registration Form. The new Amway Business owner is registered at that moment and he/she can buy products on-line. The Business Starter Kit will be automatically included in the order. The Registration Form must be printed and signed by the applicant and submitted to Amway Colombia within the first 90 days.

The online registration steps are as follows:
1. Visit: www.amway.com.co
2. Log In with ABO number and password
3. Click on Oficina Virtual (Virtual Office)
4. Select - Claves de Autoregistro (Registration PINs)

Below are the CFL credentials:
To register ABOs: (10 digit ABO number starting with 190) HHE
To register Customers: (10 digit ABO number starting with 190) CHN

Cost of Starter Kit
$42.000 Colombian Pesos (including VAT)and $54.000 on line (due to the Shipping and Handling fee)

Sponsoring
In order to register a new Amway Business Owner (ABO), the sponsoring ABO must ensure that all ABOs registered are provided with an official Amway Business Starter Kit (without substitution or alteration of the contents) and the ABO Contracts are completed, signed and submitted to Amway Colombia.

Business / Distributor Types
In addition to the Amway Business Owners, Amway Latin America established one additional alternative to have access to the Amway Products and Services called Client.

Client
To become a Client the person can be registered by internet, the 01 8000 number or in any of the shops (AS or AEC's) by providing their name, telephone number, e-mail address, name of the ABO who is registering him/her, in case the person has not been referred and does not know an Amway Business Owner, Amway will assign one based on a data base of retailers of the affiliate. There is not cost to become a client.

A Client is able to buy Products directly from Amway Colombia at a retail price. Clients can not sponsor and bonuses are not received.

A sponsor is required to be register as a client and the person can choose if he/she wants to be contacted by the sponsor. Legal entities can become clients.

Establish a Second Business

Amway Business Owner Registration Requirements

Please check the following websites for visa information:

www.colombia.embassyhomepage.com OR www.colombia.visahq.com

ABOs are required to have a Colombian address, but an office is not necessary.

ABOs are responsible for complying with any local business, commercial and/or trade authority licensing issues.

Doing business by a foreigner includes but is not limited to selling products, receiving bonuses and sponsoring.

Visa Requirements

Please check the following web sites for visa requirements and information:

www.colombia.embassyhomepage.com OR www.colombia.visahq.com

It is not necessary to have Colombian citizenship to start a second business.

Formation and Registration of Your Business

Any foreign ABO can have a business in Colombia as an International Sponsor (as outlined in the Business Reference Guide) or as a Local Sponsor.

- A Single Person ABO (we recommend this option), or

- A legal Entity ABO (LE)

Single Person ABO
Buy a local starter kit to be sponsored ( payment in local currency)

Legal Entity ABO (LE)
An ABO can choose to be an owner of a legal entity ABO (LE). In this case, it is necessary to open a Colombian LE company. The Registration form must be submitted and processed in the individual name(s) of the ABO. The ABO can then request the transfer of ownership to a LE through the affiliate. Please note the sole purpose of the LE must be the operation of the Amway business. No other business activity can be conducted through the LE.

Amway recommends that you consult qualified professionals and pertinent government authorities to prepare any required documents.

As with your primary business, your second business must be renewed each year with the affiliate.

Required Documents for Registration

The following documents should be submitted to Amway Colombia:

Option 1(Natural Person):
Recent visa photocopy which does not have restrictions in your occupation or at least shows occupations such as trader or distributor.

Please check the following websites for visa requirements and information:

www.colombia.embassyhomepage.com OR www.colombia.visahq.com

Option 2: (Creating a Legal Entity):
Colombian Commerce Chamber certificate where the purpose indicates that the LE created will only carry out activities related to the business.
Unique Tax Registry (RUT) which is the form delivered by the Tax Authority mentioning the tax identification number and tax responsibilities of the LE, among other information.

Cost and Bonus Payment
Costs to open a LE

- Lawyer and accounting costs
- Additional fees for translating, notary and maintenance costs.

Bonus Payment
Bonus payments are made through deposit in a local bank account. The ABO must provide bank data, bank account number, etc. and a remittance request letter for Amway and an authorization to Amway to deduct a broker’s fee from the total payment. The cost is approximately US$30.00 per operation paid by the ABO. Amway will provide the necessary document to release the remittance.

Click the link below to display additional details on how to start a multiple business in this market.

Market Framework Requirements

Ordering

ABOs, Associates and Clients can order Amway products from Amway Colombia by:

Order Entry Phone:
(Línea Gratuita 018000 126929)

Follow the next steps:
- Provide your ABO, Associate or Client Number to place an order.
- Confirm that the code number of the Products is correct when you are ordering; you can verify this number in the price list.
- Have handy the address where you wish Amway Colombia to deliver your order. This address has to be within the country of Colombia.

Hours of Operation
Monday through Friday 9:00 a.m - 9:00 p.m.
Saturday de 9:00 a.m. - 4:00 p.m

Options:
- Orders
- Editing Orders
- Advice on Navigation on www.amway.com.co
- How to use warrantie policy
- Bonus Questions
- Points Consulting
- Events
- Register new ABO´s and Clients

Internet Orders
You can also order products through our web site: www.amway.com.co

Amway Shop
AEC Bogotá
Centro Comercial Hayuelos
Calle 20 #82-52 Local 2-85
Monday through Thursday: 10:00 a.m to 8:00 p.m
Friday through Saturday: 10:00 a.m to 9:00 p.m
Sunday´s and Holiday´s: 10:00 a.m a 7:00 p.m
First working day 1:00 p.m a 7:00 p.m

Amway Shop Bogotá
Diagonal 92 No 17 A 42
Monday through Friday: 10:00 a.m to 7:00 p.m
Saturday: 10:00 a.m to 6:00 p.m
Last Day: 9:00 a.m to 9:00 p.m
First working day: 1:00 p.m to 7:00 p.m
In case of being Saturday: 1:00 p.m to 6:00 p.m

AEC Cali
Calle 9 No 48 -51 Local 250
Centro Comercial Palmetto Plaza
Monday through Saturday: 10:00 a.m a 7:00 p.m

AEC Medellín
Centro Comercial Premium Plaza, local 1170,
1er piso, Torre Norte
Monday through Saturday: 10:00 a.m a 7:00 p.m

Payment Methods

Order Entry:
Deposit in Bank Account and Accounts Receivable

Internet Orders:
Bank Transfers, Accounts Receivable, Credit Card (Mastercard, Visa, Credencial, American Express, Diners Club), Debit Card, Vouchers, Checks, Cash

Amway Shops:
Credit Card (Mastercard, Visa, Credencial, American Express, Diners Club), Debit Card, Vouchers, Checks, AR, Cash

Returns/Refunds

Starter Kit returns will be accepted 90 days from date of application submission depending on contents of returned Starter Kit.

All Amway Business Owners may return products within 90 days from the day of purchased. This must be done as follows:

1. Complete form SA-112CO specifying what is being returned and the cause.
2. Send this with the product or personally return to at the Amway Shop.
3. The money of this return will be placed at their accounts receivable.
4. If this is completed between the first and 25th of the month, it will be charged in the same month of the return. That means that they will have a plus accounts receivable and –PVs and –BVs. If the return is completed after the 25 of the month, it would be charged in the next month (the same as PV, BV and Accounts Receivable).
5. The return will also have a 10% recharge of the overstock (service fee).

Access Information

- In person – at the office through a Customer Service Representative or a Distributor Relations Representative
- By phone (customer service) – 057-1- 3078340
- By e-mail: Amway_Colombia@Amway.com

Receive Bonus Payment

Beginning January 1, 2009, an ABO must generate 150 personal points in a month in order to receive a bonus. This applies to any bonuses (personal, group differential, leadership, etc.). This new requirement is a monthly requirement meaning that an ABO must generate 150 personal points every month that he is receiving a bonus to be eligible to keep it.

This requirement has been waived for Foreign ABOs with a Number two business in Latin America. The assumption is that these ABOs are fulfilling requirements in their Home Market.

ABOs, who have earned a bonus, may receive the payment via bank, electronic transfers by registering the bank account.

The ABO must send a data modification informing their bank account number data:
- Bank
- Branch
- Account Type
- Account Number
The bank account could be at any Colombian Bank and the titular account name has to be the Amway Business Owner’s name.

Also the ABO can choose that all the bonus payments earnings will stay in A/R forward so that amount can be use for future purchases.

Renewal

All ABOs need to renew their Contract.

An ABO’s initial contract year terminates on December 31, if it is signed prior to August 31, or on December 31 of the next year if the ABO Contract is signed after August 31. The renewal fee and procedures are published yearly in Amway Publications.

Renewal Methods

- Amway Shops
- Order Entry
- Internet web site: www.amway.com.co
- e-mail (amway_colombia@amway.com)
- Fax (5239601)

Payment Methods

- Credit Card
- Bank Transfer
- Cash (Only in Amway Shops)
- Direct Debit (Only in Amway Shops)
- Check
- A/R Account
- POL
- PSE