Securing 2-year health insurance is key to increasing your chances of visa approval in Colombia. Choosing a policy meeting the Ministry of Foreign Affairs’ criteria ensures uninterrupted coverage throughout your stay. This allows you to enjoy your time in Colombia without the stress of renewing short-term policies that could limit your visa validity.
Selecting the proper city to live in Colombia is crucial for foreigners seeking a new home. Whether you’re drawn by the friendly culture, affordable cost of living, favorable climate, or diverse lifestyle options, Colombia offers a range of cities to suit various preferences. Major urban centers like Medellín and Bogotá provide vibrant experiences, while smaller towns offer tranquility without sacrificing essential amenities.
For expatriates in Colombia, choosing the right banking option is essential for managing finances efficiently. While traditional banks offer savings accounts with essential services, brokerage accounts stand out as a superior alternative, providing better foreign exchange rates and easier international fund transfers. Understanding the banking system and selecting the right option can simplify your financial experience in Colombia.
Navigating the Colombian income tax system can be complex for foreigners. The tax filing season begins in August, covering the previous year’s income. Individuals who reside in Colombia for more than 183 days within 365 days are considered tax residents and must comply with local tax obligations. It’s important to note that Colombia taxes worldwide income for its tax residents.
Santa Marta, nestled along Colombia’s Caribbean coast, has emerged as a prime location for real estate investment. Its stunning beaches, lush landscapes, and rich cultural heritage attract tourists and expatriates, fueling a growing demand for residential and vacation properties. This surge has increased property values and enhanced infrastructure, making Santa Marta an appealing option for investors seeking opportunities in a vibrant coastal city.