Colombia Annuity Visa / Rentista Visa
The Colombia Rentista visa is referred to as the Colombian annuity visa in English. The Colombian government issues this type of visa to foreigners who receive income from a fixed income source like an annuity, rent from a rental property, dividends or interest. This source may not be a salary or commissions.
The Rentista visa used to be Migrant (M) visa. But as of October 2022, it has been downgraded to Visitor (V) visa with a maximum duration of 2 years. This visa does not qualify for neither residency nor citizenship.
In order to qualify for Rentista visa, the following sources of fixed income are acceptable.
- Payments from an annuity or retirement fund
- Rent from a rental property
- Interests paid from loaning money
- Dividends or interest payments from investments in corporation
- Disability payments from an insurance settlement
- Payments from the sale of a business
New requirements for the annuity / rentista visa are a criminal record report, and insurance which covers repatriation.
If you’re exploring the Colombian Rentista Visa, you might also want to consider the Investment Visa. This visa offers an excellent opportunity for individuals with steady passive income to diversify their finances by investing in Colombia. With the Investment Visa, you can purchase real estate or invest in a local business, gaining residency while potentially expanding your financial portfolio. It’s a great option if you’re already interested in the Rentista Visa and looking for long-term security and growth through investments. Whether you’re planning for retirement or simply seeking new ventures, the Investment Visa can provide a broader scope of opportunities while living in Colombia.
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What Are Income Requirements For Colombia Rentista Visa?
The income requirement for Colombia Rentista visa (M-11) is 10 times minimum salary in Colombia. The minimum salary or “salario minimo” in Colombia is COP 1,300,000 pesos in 2024, which is roughly $3,333 USD per month.
At the current exchange rate in 2024, your minimum annuity or investment income must be at least COP 1,300,000 pesos which is about $3,333 USD* per month. So, if you receive a monthly income of $3,333 or more, then you may qualify for the Rentista visa. Colombia Visa officials require 6 month of bank statements showing this income in your personal bank account in order to receive the Colombian Annuity rentista visa. *Remember the USD value is just for reference. The Colombian visa office only uses the peso value when considering if you qualify. Search the internet for COP/USD conversion rates. Remember the Colombian peso and USD values fluctuate without warning. Plan for unexpected exchange rate changes.
Your monthly fixed income statement must be notarized, and legalized correctly with an apostille to be accepted by the Colombian government.
Please note that the ministry or consulates do not update the exchange rate that they use on a daily or weekly basis. You must pay attention to fluctuating exchange rate, and beware that each January the minimum wage is adjusted by the government to make up for inflation.
Recommended Reading: How to Create a Company in Colombia
The Rentista visa allows you to study in Colombia as well but you are not permitted to work in Colombia. Please be aware that the Rentista visa becomes invalid if you stay out of Colombia for 6 or more months consecutively.
A new rule on visas was announced by Ministry of Foreign Relations Resolution 5477 of July 22, 2022.
This rule will apply changes in the category of various types of visas and will require adjustments in Colombian Visa Application System.
According to this resolution, the new visa rules will be applicable starting October 22, 2022.
The Rentista Visa or Annuity visa has been downgraded from Migrant M category to Visitor V category.
With this new change in visa category comes new set of requirements or new rules which are the following:
- Besides annuity income, rentista visa applicants can demonstrate income via rental income received from properties located in Colombia.
- According to new rules, the maximum validity of the visa is up to two years.
- Applicants need to submit criminal background certificate. This certificate can be issued in Colombia or in country of current or prior residence.
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What Documents Are Required For Colombia Rentista Visa?
The following documents are required for Rentista (M-11) annuity visa.
Passport Photocopy
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 visa, then a photocopy of this visa.
Proof of Fixed Income:
Certificate issued by a public entity or private company, specifying the income paid to the foreign visa applicant and the amount must be over 10 times the monthly minimum wage in Colombia.
Passport photo:
Digital visa photo, white background,100 Kb max size, jpg file. No ear rings, no hats, no white shirts.
Certificate of Good Standing:
If required visa applicant MAY have to show a certificate of good standing for entity issuing income certification
Bank Statements:
If required visa applicant MAY should show 6 months of bank statements
Criminal Background Check
A criminal background certificate is required from the country where the applicant has lived in the last 3 years. This certificate can be issued in Colombia or in country of current or prior residence.
Proof of Health Insurance
Proof of health insurance is required. Must have full coverage including hospitalization, illness, accident, disability, death and repatriation.
For more details, visit the following pages for related information on Business here in Colombia:
How To Get Colombia Business Visitor Visa?
How do I Setup company for Colombia business visa?
how to buy a property?
how to setup a company?
Top 9 Visas for 2024
How to Apply for Colombia Rentista/Annuity Visa?
There are two ways to apply for Colombian Rentista/Annuity Visa
Applying for Rentista / Annuity Visa? from abroad
A visa applicant who wishes to invest in Colombia can apply for a Colombia Rentista/Annuity 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 Rentista/Annuity Visa online Tramites Visa . 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 Rentista/Annuity 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 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.
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.
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Testimonials from a current and former clients who got a Colombian visas successfully.
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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 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. Areas codes in Colombia have changed. To reach our office please call (57) 604-444-6634.
