Colombia is currently one of the easiest places in the world to obtain residency in, and it’s a lovely country.
There are tons of visa categories available such as family reunification, business owners, etc. However the most interesting ones for us investors are:
– The rentista visa (for people with passive income)
– The retirement visa
– The real estate owner visa (about $90k investment)
– The high-end real estate residency visa (about $150k investment)
There is a lot to like about Colombia. From the Amazon to the coffee farms, the vibrant cities, and amazing coastline and national parks, one never gets bored in Colombia.
However, taxes are high, which makes Colombia an inadequate tax residency for High Net Worth Individuals. Luckily, to keep one’s residency active, one does not need to stay in the country for over half the year.
In this video, I sat down with my lawyer Alan who explained the various visa categories, the difference between the various real estate residency options, and then elaborated on how to obtain Colombian citizenship.
However, things are about to get more complicated
Colombian lawmakers are currently debating changes to immigration law. In most cases, becoming a full-pledged resident will take a few more years.
If Colombia is top of your list, then hurry up before things become harder. More details on Alan’s surprisingly affordable services here.
Also, if you haven’t already, do read the full analysis I wrote on the Medellin real estate market here.
Cali is also an interesting investment destination. Analysis here.
To a World of Opportunities,
The Wandering Investor
Other services in Colombia:
- My favourite real estate agent in Medellin
- Real Estate Lawyer in Colombia
- How to obtain Residency in Colombia
Articles on Colombia:
- Making a Real Estate Investment in Medellin, Colombia
- Making a Real Estate Investment in Cali, Colombia – the next frontier?
- Is it too early to make a Real Estate Investment in Bogota, Colombia?
- One of the highest-yielding real estate markets in the world
If you want to discuss your internationalization and diversification plans, book a consulting session or send me an email.
*a consulting session is a discussion about your portfolio and objectives. It does not constitute legal, financial, tax or investment advice.