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How to Get Colombia Annuity Visa / Rentista Visa in 2021

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 was previously known as TP-7 visa. By end of 2017, Colombian government changed the Rentista visa. It is now known as the Migrant (M) visa of category 11 or M-11 visa for short.

This visa is designed to allow foreigners to receive a 3 years visa who receive income from a fixed income source. The Rentista Visa or Annuity Visa is a temporary residency visa which is renewed every 3 years and after 5 years can be converted to a permanent (resident) visa.

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

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.

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Colombian Visa Health Insurance Requirements

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 908.526   pesos in 2021, which is roughly $259 USD per month.

At the current exchange rate in 2021, your minimum annuity or investment income must be at least  COP 9,085,260 pesos which is about $2,655 USD* per month. So, if you receive a monthly income of $2,655 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

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.

Bank Statements:

If required visa applicant MAY should show 6 months of bank statements

Certificate of Good Standing:

If required visa applicant MAY have to show a certificate of good standing for entity issuing income certification

 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 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.

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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.

Why Use Our Visa Agency For Getting Colombia Rentista/Annuity 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.

Our Story

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.

Online quotes for visas, bilingual legal and accounting services

Courier your passport to Bogotá to get the visa in your passport.

Main Office located in El Poblado, Medellin, Colombia.

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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!

Jerry Brewer

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.

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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.

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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.

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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.

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