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The Colombia investment visas are intended for foreigners who make an investment in Colombia. We provide a 2023 update with recent visa changes. And these visas are relatively easy to get once you have made an investment in Colombia.

Colombia changed its Colombian visa rules, which went into effect on October 21, 2022. Colombia previously had two types of investment visas: A migrant visa and a resident visa for larger investments. This changed due to the new resolution. 

With the new visa rules, the type R resident visa changed its category to type M, which can be obtained by making a direct foreign investment for 650 minimum salaries (754,000,000 pesos) or by investing in real estate equivalent to 350 minimum salaries (406,000,000 pesos).

Investment Visa

A visa for Real Estate Investment

Business Visa

A visa for Business Investments

The M investment visa currently costs 325,32 USD. 

Note a migrant visa loses its validity if you leave Colombia for a period of over six months without returning to Colombia. 

Also, we have this article about how to obtain a Colombia investment visa in Spanish.

Has the visa process changed in Colombia due to the new Resolution 5477?

According to expatgroup.co, the visa agency we partnered with, tells us that with the new resolution, the government has introduced new application requirements, in addition to having eliminated some visas, such as the M student visa, and changed the category, for example, the R type visa for larger investment is now M type category. 

The visa agency we partnered with has helped many foreigners obtain visas during the pandemic, including retirement visasmarriage visasstudent visasinvestment visas, and resident visas.

Applying for a visa
Applying for a Colombia investment visa

How to Apply for a Colombia Investment Visa

You can apply for a Colombia investment visa online. In addition, you can obtain Colombian visas at Colombian consulates around the world. In the U.S., Colombia has consulates located in Atlanta, Boston, Chicago, Houston, Los Angeles, Miami, Orlando, Newark, New York, San Francisco and Washington DC.

The Colombian visa process is fairly easy as it’s done online. You can apply for a Colombia visa online here. This application will require scans of all required documents in PDF files plus the photo in jpg format. In addition, a detailed guide for applying online is found here.

Visas in Colombia are issued by the Ministerio de Relaciones Exteriores. Since the coronavirus, all visas are issued electronically, so you do not have to travel to Bogota for the stamp.

I successfully obtained three Colombian visas that I applied for my own in the past that were good for a total of five years. But the biggest challenge with doing a Colombian visa yourself is not benefiting from the experiences of a visa agency, which has processed hundreds of visas and knows exactly what is needed for each type of visa.

Also, another big benefit of using a visa agency is that they help you gather all the information and documents necessary for the visa application. The cost of the service includes immigration advice, visa application, visa registration, and application for a foreigner identification card.

So, for my latest visa received in 2018, a Colombia resident visa, I used a visa agency. And I found the experience painless and now highly recommend using a visa service over doing a Colombia visa application yourself. The bottom line is with a visa agency you are less likely to run into problems.

Medellin Guru Visa Service

The visa agency we partnered with has helped 1.089 Medellin Guru reader

New 2023 Investment Visa Requirements

Documents required for all types of investment include:

  • Photo

    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.

  • Passport

    Photocopy of the first page of your passport with a minimum validity of 6 months where your personal data is displayed.

  • Passport stamp

    Photocopy of the page of your passport with the last stamp of entry or departure of Colombia is located.

  • Bank Statements

    Show by means of bank statements of the last three months prior to the visa application, economic solvency to remain in the country

  • Health insurance policy

    Mandatory health insurance policy that covers Colombian territory, all risks, death, and repatriation. This policy should be valid for at least a year since the validity time of your visa is dependent on the validity time of your international health insurance.

  • Visa

    If you’ve had a previous Colombian visa, a photocopy of this visa.

Additional documents required depend on the type of investment.

Medellin Guru Insurance Service

Medellin Guru partnered with an insurance agent to offer Colombian insurance services to foreigners including health insurance, auto insurance, homeowners’ insurance, travel insurance and life insurance.​

1.  Migrant visa for investment in business

If you are applying for a M visa for investment in a business, you need to invest at least 100 times the Colombian minimum monthly salary.

The minimum wage in 2023 in Colombia is 1,160,000 pesos per month. 100 times this equals 116,000,000 pesos or $25,777 USD (at an exchange rate of 4,500 pesos per USD). In addition, you will need for the visa application a number of documents, which can include:

  • Letter

    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.

  • Share Certificate

    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.

  • Bank Account Certificate

    Certificate of opening a bank account in the name of the company.

  • Form F4

    Foreign exchange declaration form F4.

  • Banco de la República Certificate

    Certificate of foreign investment issued by the Banco de la República.

  • Share Composition

    Certificate of share composition made by an accountant.

  • Colombian ID

    Photocopy of cedula of the accountant.

  • Professional ID

    Photocopy of the professional card of the accountant.

  • Disciplinary background

    Current certificate of the disciplinary background of the accountant

  • Bank Statements

    Bank statements of the last 6 months in the name of the company (only in case the company is not newly formed).

  • Income Statement

    Last income statement in the name of the company (applies only to companies with more than 1 year of incorporation).

2. Migrant Visa for Investment in Real Estate

If you are applying for a M visa for investment in real estate, you will need to invest at least 350 times the Colombian minimum monthly salary, which is 406,000,000 pesos or $90,222 USD (at an exchange rate of 4.500 pesos per USD).  In addition, you will need for the visa application:

  • Certificado de libertad y tradición

    Certificado de libertad y tradición of the real estate property that proves ownership.

  • Banco de la República Certificate

    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.

3. Investment Visa for Foreign Direct Investment

If you are applying for an investment visa for foreign direct investment, you must invest at least 650 Colombian minimum wages, which is 754,000,000 pesos or, 167,555 USD (at an exchange rate of 4,500 pesos per USD). Additionally, you will need

  • Banco de la República Certificate

    Communication issued by the International Exchange Department of the Banco de la República, stating the foreign direct investment in the name of the foreigner applying for the visa.

Duration of Validity for Colombian Investment Visas

With the three types of investment for the M investor visa, the foreigner can obtain up to 3 years of validity for any investment made, whether it is the purchase of real estate, direct foreign investment, or the setting up of a business.

I successfully obtained three Colombian visas on my own in the past that were good for five years. Also, I found the process relatively straightforward without much documentation required. But for my latest visa, a Colombia resident visa, I used a visa agency.

Using a Visa Agency for a Colombian Investment Visa

If you are in Colombia, you can use a visa agency to obtain a Colombia visa. A visa agency can handle the online application and ensure you have the required paperwork.

Medellin Guru has partnered with what we believe is the best visa agency in Medellín to offer Colombia visa services. Features of this service include:

  • Online chat – get visa questions answered fast.
  • Online quotes – get immediate visa quotes.
  • Office in El Poblado in Medellín.
  • Competitive price compared to other visa services.
medellin guru visa service

Successfully Aproved Visas

1
after launching our partnership with expatgroup.co

 

Through this service we have helped

1
Medellin Guru readers with their immigration processes

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Retirement

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Marriage

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Permanent Partner

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Investment

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Student

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Business

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Resident

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Tourism

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Rentist

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Work

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88
American Passports Renewed
43
Tourism Stamp Extension

We reviewed all the Colombia visa agency services in Medellín and found one agency that offers a more efficient visa service with more features and more comprehensive communications including online chat, WhatsApp, video call, email and phone plus a low price and a convenient office in El Poblado.

Our visa partnership is an affiliate relationship (like the Amazon affiliate program). If you use our visa partner, Medellin Guru receives a small commission and you support the website. This is at no additional cost to you. The price remains the same, whether you use a button or affiliate link on this website or not.

Furthermore, the visa agency we partnered with offers visa services anywhere in Colombia. So, if you are located in another city in Colombia you can use this service.

Are you looking to buy or sell Real Estate in Colombia?

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Recognizing our readers’ demand for real estate guidance, this partnership with Real Estate by expatgroup.co, desires to deliver trustworthy and comprehensive real estate services to our audience.

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We chose to collaborate with Real Estate by expatgroup.co for buying and selling real estate services for several reasons:

  • Real Estate by expatgroup.co is recognized globally and is a familiar brand for foreigners.
  • As one of Colombia’s largest realtor companies, Real Estate by expatgroup.co has extensive coverage throughout the country, enabling it to serve various locations in Colombia.
  • They boast a robust team of agents, many of whom are bilingual in English and Spanish.
  • Real Estate by expatgroup.co ensures fair pricing through a thorough Comparative Market Analysis (ACM).

To access this real estate partner service from Real Estate by expatgroup.co, click the button below, complete a brief form, and receive a complimentary consultation offering insights into the local market, current pricing, and tips for buying or selling properties.

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Our reliable partner, a leading real estate company, offers a wide range of services:

  • Transfer funds to Colombia
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  • Legal representation
  • Investment visa
New entrance to Migracion Colombia in Medellín, on Calle 19A
New entrance to Migracion Colombia in Medellín, on Calle 19A

Getting a Colombian Cedula

After you have successfully received your Colombia investment visa, you have a maximum of 15 calendar days to register your visa with Migración Colombia to get a Cedula de Extranjeria (Colombian ID for foreigners). Or if you received your visa at a consulate, you will have 15 calendar days after you arrive in Colombia to register your visa.

Due to being photographed and fingerprinted this must be done in-person at a Migración Colombia office.

Especially relevant, it is very important to register your Colombian visa within the allowed time frame. If not, you will be liable for a big fine of up to seven times the minimum monthly salary in Colombia. The minimum salary in Colombia is $1,160,000 COP per month in 2023. So, the fine is up to 8,120,000 COP pesos in 2023.

To register your visa and apply for a cedula this must be done at one of the Migración Colombia offices. You can find Migración Colombia offices in major cities in Colombia.

  • Barranquilla – Carrera 42 # 54-77, Barrio El Recreo
  • Bogotá – Calle 100 #11B-27
  • Cali – Avenida 3 norte # 50N-20
  • Cartagena – Carrera 20 B # 29-18, Barrio pie de la Popa
  • Medellín – Calle 19 #80A-40, Barrio Belén (the entrance is on the other side of the building on Calle 19A)

A complete list of the Migración Colombia offices is found here. In addition, we have a guide to applying for a Cedula Extranjeria in Colombia.  Starting on September 21, Migración Colombia offices have reopened in Colombia. So, it again possible to obtain a Cedula de Extranjeria.

Dual citizenship is possible
Dual citizenship is possible

Dual Citizenship

After having a migrant (M) investment visa for five years you are eligible to receive a resident (R) visa. And after having an R visa for five additional years you can apply to become a citizen of Colombia. And you won’t have to give up your existing citizenship. Colombia permits dual-citizenship, as does the U.S. and many other countries.

Once you become a dual citizen with Colombian citizenship, you will no longer need to deal with visas anymore. Also, you will be able to travel to a few countries as a Colombian citizen without a visa such as Russia, which require a visa for U.S. citizens.

Also, if you have Colombian citizenship, this benefits you with the Mercosur trade block. Nationals of Member States (Argentina, Brazil, Paraguay and Uruguay) and Associated States (Bolivia, Chile, Colombia, Ecuador and Peru) do not need a passport or visa to travel around the region, with only a national identity card required.

In addition, the Mercosur Agreement grants the right to residence and work for citizens with no requirement other than nationality. Citizens of the Member States and Associated States that are part of the agreement enjoy a facilitated procedure for applying for a residence visa, as long as they have a valid passport, birth certificate and a negative certificate of criminal record.

To become a citizen, Colombia requires a citizenship test, just like the U.S. does. You will be required to pass a test related to Colombian history, geography and the constitution. Also, a basic Spanish oral test is required. Those who have a bachelor’s degree from a Colombian university or are over 65 years old are exempt from these tests.

Furthermore, a complete list of the requirements for Colombian citizenship is found on the Cancillería website here.

Medellin Guru Guides

Download Safety Guide for US Citizens in Colombia we have created with helpful information about Medellín and Colombia.

Medellin Guru's Comprehensive Visa and Passport Series

The Colombian visa changes that went into effect in mid-December 2017 were significant. So, on the Medellin Guru site, we have a comprehensive series of visa articles that are kept up-to-date and should answer most visa questions. These articles include:

We have looked in detail at the seven most popular Colombian visas used by foreigners:

  1. Digital Nomad Visa
  2. Retirement visa
  3. Marriage visa
  4. Investment visa
  5. Resident visa
  6. Work visa
  7. Student visa
  8. Visitor visa

Also, we have looked in detail at three additional Colombian visas, which are less popular for foreigners:

In addition, we have a guide to Colombia tourist visas and how to extend a tourist visa. Also, we have a guide to renewing U.S. passports in Colombia and a guide to obtaining a Colombian passport.

Furthermore, we provide information about travel insurance that meets the insurance requirement for Colombian visas. And we have a guide to how apply for a cedula extranjeria in Colombia and a guide to using notaries in Medellín and Colombia. Finally, Medellin Guru has partnered with a visa agency to offer Colombia visa services.

All of our Colombia visa articles are up to date (2023) and constantly receive updates.

Obtaining a Colombia visa
Obtaining a Colombia investment visa

The Bottom Line: Obtaining a Colombia Investment Visa

Colombia’s investment visa is relatively easy to get with few documents needed and the investment required is lower than many other countries. But the Colombia investment visa requires making an investment in Colombia before you can apply.

The visa costs in Colombia are lower than in many other countries in Latin America. Also, the Colombian visa process is streamlined with online applications and is relatively fast. We partnered with a visa agency that can help you obtain an investment visa for a competitive price.

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Editors note: updated on February 15, 2023 with updated information regarding the new visa rules.

Editors note: updated on June 28, 2023, with new images.

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