What is the Colombian Property Investor Visa?
What is the Colombian Property Investor visa?
The Colombia Property Investor is a migrant visa category designed for foreign nationals who wish to invest in real estate in Colombia. This visa allows individuals to reside in Colombia based on their investment in property within the country. The Colombia Property Investor is an attractive option for those looking to take advantage of Colombia’s growing real estate market and favorable investment climate.
Valid for up to 3 years, this Migrant Visa requires a minimum investment of 455 million COP (Approx $116,667 USD). Key requirements include proof of property purchase, bank certification, title history, valid passport, criminal background check, and health insurance. Applicants must reside in Colombia for at least 180 days per year.
Investors interested in purchasing real estate in Colombia can apply for a Colombia investor or investment visa. This visa is easy to obtain if you meet all the requirements. The M-10 visa is valid for three years and allows multiple entries into Colombia. However, if you stay out of the country for more than six consecutive months, the visa loses its validity. The government visa application fee for an M-10 visa is $282.
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Who is this visa designed for?
A visa applicant who wishes to invest in Colombia can apply for a Colombia investment visa online. In addition, any Colombian visa can be obtained at any Colombian consulate around the world.
Investors who wish to obtain a Colombian visa can do so by fulfilling certain requirements. There are two types of qualifying values for the Colombia Real Estate Investors Visas. Corporate investments can also be used to comply with the investor visa requirements, provided that you invest a minimum of 650 salaries in company shares.
To obtain a Colombian investor or investment visa as a migrant, you can purchase a property that is valued at a minimum of 350 times the minimum salary rate, which comes to 455,000,000 pesos ($116,667 USD). This will qualify you for a 1-3 years temporary residency visa, known as the M-Property Owners Visa (previously TP7).
However, it is important to note that the instant investor residency visa has been canceled. If you wish to obtain a permanent residency visa, you must first have a migrant property owner visa for at least 5 years. Only after that, you may apply for a permanent residency visa. Moreover, it is mandatory to live in Colombia for at least 180 days each year to qualify.
It’s important to be aware of the differences in Colombian title law as compared to other countries. Failing to take necessary precautions could lead to significant penalties for tax evasion or even result in the loss of your property. To learn more about this subject, you can click on this link.
What are the Requirements for the Property Investor Visa?
The documents required for a Colombia investor or investment visa may vary based on the type and amount of investment. Below is a list of documents that are typically needed for all types of investor visas.
Passport Photocopy:
When submitting your passport as a form of identification, please provide a copy of the first page that displays your biographical information. The copy can be either in color or black and white.
Proof of Legal Entry:
To provide proof of legal entry into Colombia, please make sure to provide a copy of the page in your passport that shows the last stamp of entry or departure from the country.
Passport photo:
For your passport application, you’ll need a photo that meets certain requirements. The photo should be in passport style, with your face visible and a white background. The dimensions of the photo should be 3 cm width X 4 cm height, and it should be saved as a maximum size of 300 kb jpg file for online submission.
Photocopy of Previously Issued Visa:
If you have previously been granted a Colombian visa, such as a student or retirement visa, kindly provide a photocopy of the visa for our records.
Certificado de libertad y tradición
I need to obtain the certificate of freedom and tradition for my real estate property as proof of ownership.
Communication issued by the Department of International Exchange
The Department of International Exchange at Banco de la República has released a communication regarding the recording of direct foreign investment for real estate purchases made by foreigners who are applying for a visa.
Readers exploring What is the Colombian Property Owner Visa? might also want to check out these related posts: How to Get a Colombian Investors Visa, Colombian Real Estate Laws, Colombian Property Title Law, Colombian Property Taxes, and How to Invest in Colombian Real Estate.
Foreign exchange declaration form F4
Health Insurance
en applying for a property investment visa in Colombia, it is important for foreigners to have health insurance that covers all risks and even repatriation of their body in case of death. However, some premium insurance policies may not cover the repatriation expenses. In such cases, it is recommended to purchase a traveler insurance policy that covers both health and repatriation expenses.
Although EPS is not mandatory for visas anymore, it is a great and affordable insurance option available in Colombia. EPS payments are still mandatory by law, which is 5% of your income. However, pension visa holders are now exempt from this requirement as per the new visa laws.
It is worth noting that medical services in Colombia are more affordable than in the United States, even without insurance. So, it is always advisable to have insurance coverage while staying in Colombia.
It’s important to note that the new visa resolution 5477 requires individuals holding Migrant visas to stay in Colombia for 180 days or more in order to maintain the validity of their visa. If you are absent from Colombia for more than 180 days, your visa may be cancelled by officials from Migracion Colombia upon your return. However, if you are granted entry into the country with just a stamp, you may be allowed to enter as a tourist after your visa has been cancelled.
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Apostille Process for Colombian Investor Visa
Key documents may require certification with an apostille which is crucial for Colombian visas. Any document originating outside of Colombia, such as the criminal background report, must be apostilled and translated. Each visa application has unique requirements.
Key Documents Needing Apostille
- Criminal Background Report: Critical for the visa application, particularly the FBI background check for U.S. citizens.
- Power of Attorney: Must be notarized and apostilled if issued outside Colombia.*
- Colombian Sex Laws Acknowledgment: Required documentation for compliance.*
*These documents do not require apostille if they are signed in Colombia at a Colombian notary. Criminal background reports such as the FBI Criminal Background always require an apostille. For more details on how to apostille these required documents for the Colombia Investor Visa, click here.
Frequent Questions for the Property Investor Visa:
Does the Investment visa have work permissions?
No, you can’t work with the property investor.
How long does it take to prepare requirements for the Investment visa?
Organizing documents it takes 1 to 2 month.
How long does it take to get the Investment visa?
The time to get the visa it is divided in two parts the process to prepare the documents and the government application process in time.
How much time does this visa take to get approve?
Once the requirements are ready and the application is summited the government take 1 to 2 weeks.
What restrictions does the visa have?
You cannot work, You must be at the country at minimum 180 days you can study, you can go to school, all Migrant visas require you to be in Colombia 180 days or more to keep your visa.
Our Story
James Lindzey founded the website ColombiaVisas.com, which is constantly updated with new information explaining visa resolutions, procedures, and laws in Colombia to expats. James has worked as a private investigator and paralegal in the United States through the 90s until he moved to Colombia in 2005. James arrived in Colombia in 2005 and started doing visas for expats, but currently works as Director of Legal Services for Visas by James, and Colombia Legal & Associates SAS since June of 2023.
Colombia Legal & Associates acquired the brand name Visas by James as it became a more familiar and easy way for foreigners to remember the business, than the previous Visas y Tramites Internacionales.
While MedellinLawyer.com focuses more on legal issues for expats, ColombiaVisas.com focuses more on visas, and holds the trademark Visas by James. ColombiaVisas.com is the oldest website and provider of visa information for expats in Colombia. We are proud to be the first and always on the cutting edge of providing interactive website content to our visitors.
In addition to our visa services our agency offers a full range of legal and accounting services to our clients. We are able to assist better in document collection services in the United States because of James previous legal experience in the United States.
