The Colombia investment visas are intended for foreigners who make an investment in Colombia. We provide a 2024 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 (845,000,000 pesos) or by investing in real estate equivalent to 350 minimum salaries (455,000,000 pesos).
Investment Visa
Business Visa
The M investment visa currently costs 324 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 visas, marriage visas, student visas, investment visas, and resident visas.
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 1.189 Medellin Guru reader
Investment Visa Requirements
Documents required for all types of investment include:
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 2024 in Colombia is 1,300,000 pesos per month. 100 times this equals 130,000,000 pesos or $ 32,500 USD (at an exchange rate of 4,000 pesos per USD). In addition, you will need for the visa application a number of documents, which can include:
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 455,000,000 pesos or $113,750 USD (at an exchange rate of 4.000 pesos per USD). In addition, you will need for the visa application:
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 845,000,000 pesos or 211,250 USD (at an exchange rate of 4,000 pesos per USD). Additionally, you will need
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.
Successfully Aproved Visas
Through this service we have helped
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?
Medellin Guru has partnered with Real Estate by expatgroup.co to provide real estate services to foreigners and locals interested in buying and selling properties in Medellin and across Colombia.
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.
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.
Medellin Guru Real Estate Service
Our reliable partner, a leading real estate company, offers a wide range of services:
- Transfer funds to Colombia
- Legal analysis property background checks
- Sales agreement
- Deed registration
- Legal representation
- Investment visa
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 $1,300,000 COP per month in 2024. So, the fine is up to 9,100,000 COP pesos in 2024.
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
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 October 2022 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:
- Colombia Visa Guide: Ultimate Guide How to Get a Colombian Visa
- How to Obtain a Colombian Visa with Up-to-Date Info – an overview of all the Colombian visas
- Popular Colombian Visas for Foreigners: Which Visa is the Most Popular?
- Coronavirus Impacts on Colombian Visas and Tourist Visas
- Visa Agencies: A Guide to Visa Agencies in Medellín and Colombia
- 9Common Colombian Visa Mistakes: How to Avoid Them
We have looked in detail at the seven most popular Colombian visas used by foreigners:
- Digital Nomad Visa
- Retirement visa
- Marriage visa
- Investment visa
- Resident visa
- Work visa
- Student visa
- Visitor visa
Also, we have looked in detail at three additional Colombian visas, which are less popular for foreigners:
- Rentista visa (annuity visa) – for foreigners with a fixed income
- Beneficiary visa – for relatives of visa holders
- Expertise visa – for professionals
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 (2024) and constantly receive updates.
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.
Medellin Guru Social media
Be part of our community. Find out about news, participate in events and enjoy the best of the city.
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.
Editor’s note: The minimum wage amounts for 2024 have been updated as of April 15th.