How to Get Colombia Real Estate Investment Visa in 2020
The Colombia investor or investment visa is intended for foreigners who make an investment in real estate such as buying a property in Colombia. The investment visa is easy to obtain provided that you fulfill all the visa requirements.
The Colombian investment visa was previously known as TP-7 and RE 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.
In December 2017, Colombia changed its visa laws. Now, the TP-7 visa is known as migrant (M) visa of category 10 (M-10) for investment in a property. The RE visa is now known as resident (R) visa.
The Colomiban property investment visa (M-10) are valid for three years. Even though this visa allows multiple entries into Colombia, it loses its validity if you stay out of Colombia for more than six months consecutively. The government visa cost of application for M-10 visa is $282.
The resident (R) visa which requires a large investment property is valid for five years. You can enter or leave Colombia as many times as you like with 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 goverment visa cost of application for resident (R) visas is $443.
Recommended Reading: (Open a Bank Account in Colombia)
A. To Obtain a Colombian Investor or Investment Visa as a Migrant:
Under the 2020 min salary rate, you can purchase a property at 350 * Min salary = 307,231,050 Pesos ($80,850 USD) Qualifies for a 1 – 3 years temporary residency Visa M – Property Owners Visa (Previously TP7)
B. To Obtain a Colombian Investor or Investment Visa as a Resident.
Under the 2020 minimum salary rate you can purchase a property at 650 * Min salary = 570,571,950 Pesos ($150,151 USD) Qualifies for a PERMANENT full residency Visa – R Investors Visa
What Documents are required for Colombia Investment 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
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
Proof of Legal Entry:
A photocopy of the page of your passport showing last stamp of entry or departure of Colombia.
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.
Passport style face photo with a white background, sized at 3 cm width X 4 cm height, maximum size of 300 kb jpg file for online application.
Certificado de libertad y tradición
Certificado de libertad y tradición of the real estate property that proves ownership.
Communication issued by the Department of International Exchange
of the Banco de la República, which records the direct foreign investment for the purchase of real estate in the name of the foreigner applying for the visa.
Recommended Reading: (How to buy property in Colombia)
How to Apply for Colombia Investment Visa?
There are two ways to apply for Colombian investment visa.
Applying for investment visa from abroad
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. 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 Investment visa from 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 Spanish.
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 Investment 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.
Many visas require obtaining complicated documents in the United States or Canada. Just another reason why you should choose our firm.
We organize your immigration profile so that your Colombian visa application is successful.
We elaborate and structure all the necessary documents for your Colombian visa application.
We monitor your immigration process.
Translation Legalization and apostille of the documents required for your visa application.
Chat Over WhatsApp – get your visa questions answered fast.
Online quotes – get immediate quotes for visa and other legal services
Courier your passport to Bogotá to get the visa in your passport.
Office in El Poblado in Medellin services.
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Testimonial from a current or former client who got a student visa 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.