How to Get Colombia Business Visa in 2021
The Colombia investor or investment visa is intended for foreigners who make an investment in either a business or buy a property in Colombia. The investment visa is easy to obtain provided that you fulfill all the requirements.
The investment visa was previously known as TP-7 visa and was divided into two categories. The TP-7 visa was a temporary visa and the resident investor visa also known as RE visa was a permanent resident visa. The RE visa required a large investment in local real estate or business.
In December 2017, Colombia changed its visa laws. Now, the TP-7 visa is known as migrant (M) visa of category 6 (M-6) for investment in a business or category 10 (M-10) for investment in a property. The RE visa is now known as resident (R) visa.
The business visa (M-6) is valid for three years. Even though these visas allow multiple entries into Colombia, they lose their validity if you stay out of Colombia for more than six months consecutively. The cost of visa application for M-6 is $282.
The resident (R) visa which requires a large investment either in business or property is valid for five years. You can enter or leave Colombia as many times as you like on this visa. But you cannot stay out of Colombia for more than two year consecutively if you have a resident visa. If you do, then you will lose this resident visa. The cost of visa application for resident (R) visas is $443.
What Are Types Of Colombia Business Visa?
Colombia business visa is divided into visitor, migrant and resident categories of visas. As a business investor, you have a few different ways you can invest in Colombia and qualify for a visa.
A. Colombia Business Visa as a Visitor.
Intended for persons who work for foreign corporations, can convince Colombia of intentions to invest, create or manage corporations in Colombia. This visa is used by many to obtain a Colombian ID card to facilitate investing in Colombia. (Previously NE 1,2,3,4)
B. Colombia Business Visa as a Migrant.
Invest in a corporation at 100 * Min Salary = COP 90,852,600 Pesos ($25,250 USD) Qualifies for a 1 -3 years temporary residency Visa – M – Business Owners Visa (Previously TP7)
C. Colombia Business Visa as a Resident.
Invest in a corporation by buying shares at 650 * Min salary = COP 590,541,900 Pesos ($172,572 USD) Qualifies for a 5 year full residency Visa – R Investors Visa
Recommended Reading: Colombian Business Administration
Here Are Some Popular Business Types to Consider:
Below are popular business types which many foreigners have had good luck with in Colombia. If you have an idea for business in Colombia, let us know and we can help you understand legal, tax, and other responsibilities in each sector. Our Colombian Public Accountant can also do cost, tax and profit projections.
What Documents Are Required For Colombia Business Visa?
The documents required for Colombia investor or investment visa depend on the type of investment and the amount of investment. Here is a general list of required documents for all types of investor visa
Proof of Legal Entry:
A photocopy of the page of your passport showing last stamp of entry or departure of Colombia.
A photocopy of the first page of your valid passport showing your biographical data. The photocopy can be either in color or black and white.
Photocopy of Previously Issued Visa:
If you’ve had a previous Colombian visa such as a student or retirement visa, then a photocopy of this visa.
Digital visa photo, white background, 100 Kb max size, jpg file. No ear rings, no hats, no white shirts.
Recommended Reading: Colombia Visa Guide
In addition to the list of documents mentioned above, you need to have the following documents depending on the type of business visa.
A letter of request which includes the company name, address and Tax Identification Number (NIT) of the commercial company incorporated or the company in which the investment was made.
In the case of joint-stock companies, participation in the company shall be certified by a certificate of share composition subscribed to by a public accountant, indicating the amount of capital or assets registered and paid for by the foreigner who applies for the visa, which not less than the equivalent of 100 times the Colombian minimum monthly salary.
Certificate of opening a bank account in the name of the company.
Support for the entry into Colombia of the total amount of capital that appears as paid at the Chamber of Commerce.
Foreign exchange declaration form F4. (optional)
Certificate of share composition made by an accountant.
Photocopy of the professional card of the accountant.
Bank statements of the last 6 months in the name of the company (only in case the company is not newly formed).
Certificate of foreign investment issued by the Banco de la República. (optional but very good to have! Foreign Investment is not a requirement for the 100 min salaries but it is very useful to convince visa officials you made the investment)
Photocopy of cedula of the accountant.
Current certificate of the disciplinary background of the accountant
Last financial income statements certified by accountant (ganancias y perdidas) in the name of the company (applies only to companies with more than 1 year of incorporation).
Related Topics of Interest for You:
How to Apply for Colombian Business Visa?
There are two ways to apply for Colombian Business visa.
Applying for a Colombian Business Visa from Abroad
A visa applicant who wishes to invest in Colombia can apply for a Colombia business visa online. In addition, any Colombian visa can be obtained at any Colombian consulate around the world. In the U.S., Colombia has consulates located in the following cities and states:
The Colombian visa application process is fairly easy as it can be completed entirely online. You can apply for a Colombia investment visa online here. This application will require scanned copies of all required documents in Adobe PDF format along with your passport photo in JPEG format. In addition, a detailed guide for applying online can be found here.
If you are in another country outside of Colombia, then you have to go to nearby Colombian consulate in that country so that you can get the visa added to your passport at a Colombian consulate. Once your Colombian investment visa has been approved and added to your passport, you are ready to travel to Colombia as a migrant and an investor.
Applying for Business Visa from Inside Colombia
Once you receive online visa approval, if doing this in Colombia, you need to travel to Bogotá to get the visa in your passport. Visas in Colombia are issued at the Ministerio de Relaciones Exteriores office in Bogotá. Their office is located at Avenida 19 # 98-03, Torre 100 Building, 3rd Floor. It’s open from 7:30 am until noon.
The major challenge with getting a Colombian visa yourself is dealing with a government bureaucracy, making a trip to Bogota and not understanding the laws properly if you are not fluent in Sanish.
This is where you can benefit from the services of an experienced visa agency such as Visas by James. A visa agency such ours is your best bet when it comes to obtaining visa for you. An experienced visa agency which has processed hundreds of visas and knows exactly what is needed for each type of visa is exactly what you need.
Another big benefit of using a visa agency is that they offer services to courier your passport to Bogotá to get the visa put in your passport. So, you can avoid a trip to Bogotá. The cost of a visa service including the service to courier your passport to Bogotá can even be cheaper than the cost of a trip to Bogotá.
Why Use Our Visa Agency For Getting Colombia Business Visa?
Since 2005, our visa agency Visas by James has obtained hundreds of visas for foreigners who wish to study, work, invest, and live in Colombia. We are the oldest expat visa business in Colombia. We also have more attorneys in office than any other visa agency in Colombia. In addition to our visa services we offer a full range of legal and accounting services to our clients. By having a legal and accounting firm work on your application, we are able to handle any surprises or last minute requests by immigration officials.
James Lindzey the owner of Visas by James has worked as a private investigator and paralegal in the United States from the 90s until he moved to Colombia in 2005. James arrived in Colombia in 2005 and started doing visas for expats in 2007.
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 legal experience in the United States.
More About Our Visa Services
Many visas require obtaining complicated documents in the United States, Canada, or other countries. We are experts at handling foreign documents!
Analysis of your Colombian visa immigration profile.
We identify necessary documents for your visa application.
We monitor your immigration process.
We handle Translations required for your visa application.
We handle Apostilles required for your visa application.
Chat Over WhatsApp – get your visa questions answered fast.
Courier your passport to Bogotá to get the visa in your passport.
Main Office located in El Poblado, Medellin, Colombia.
Visas By James
(Visas y Trámites Internacionales)
Testimonials from a current and former clients who got a Colombian visas successfully.
Worked with James and Cristina on buying first property in Colombia. They were very knowledgable in Colombia law and banking. Went the extra mile to guide us thru the process of transferring foreign funds, reviewing/advising purchase documents, and walking us thru the maze of legalities. Invaluable, and in dual languages! Thanks to them the process was completed in less than one month!
I had James take care of the renewing of my US passport and all went very well I did not have to go to Bogota and all was completed with a new passport in a little over 2 weeks !! Highly reccomend.
This is really a dependable and reliable legal and accounting service, and for me it was nice being able to turn over these sometimes laborious tasks to competent and trustworthy professionals. I’ll be recommending them to my friends as well.
About Colombia Legal & Accounting SAS and its associates; Reliable, Trustworthy, Pristine, Honesty, Management, Punctual. That’s all you need to know to put yourself in their professional hands.
Our office ours are from 8:30 am to 6:00 pm Monday to Friday, and 9:00 am to 12:30 pm Saturday. Our main office is located in Medellin, Colombia near Parque Lleras in El Poblado. We have representation in Bogota, Miami, and Fort Lauderdale. Our main office address is Cra 39#5A-95, Oficina 709, Edificio Avangarde. We accept walk in appointments but its always nice if you can let us know ahead of time so we can schedule a time.