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Colombia M-Type Investment/RealEstate Visa

#businessvisa

About

For anyone who wants to invest in Colombia, whether by starting a business, funding an already-existing firm, or purchasing real estate, Colombia offers the Migrant Investor Visa (Visa de Inversionista Migrante). The purpose of this visa is to draw in foreign capital and boost Colombia's economy.

Eligibility

The following qualifies applicants for the Colombia Migrant Investor Visa for real estate investment:

  • A foreign national with no criminal record.
  • You have to invest a minimum of 650 times the Colombian minimum monthly income (about 715,650,000 COP or USD 185,000 as of April 2023) in a brand-new construction or a significant restoration of an existing building.
  • The investment must result in employment for Colombian citizens or authorised residents.

Documents

Some of the paperwork needed for the Colombia Migrant Investor Visa for real estate investment is listed below:

  • A passport that is valid and with at least two blank pages.
  • Criminal history record from any country where you have lived for the last five years, including your own.
  • A purchase agreement or a certification from the Ministry of Commerce, Industry, and Tourism could serve as evidence of the real estate investment.
  • Show that you have the money to sustain yourself and any dependents while you're in Colombia.
  • Business plan or project proposal explaining the investment's specifics, including the anticipated economic impact and job creation.
  • A health certification from a qualified doctor.

Process

You must use the online application option offered by the Colombian Ministry of Foreign Affairs to submit your application for a visa to the country.

Visa Processing Time
The processing time for a Colombian visa is approximately five working days. However, if there are any errors or missing papers, it might take up to 30 days. Make sure you submit your application far enough in advance of when you plan to travel.

How to Apply
The following are the general procedures for obtaining a Colombian Migrant Investor Visa for real estate investment:

  • Assemble all necessary documentation
  • The visa application form in its entirety
  • Send your paperwork and application to the Colombian embassy or consulate in your nation of residence.
  • Attend the visa interview if needed and wait for the confirmation.

Duration & Fees

Duration
The initial validity of the Colombia Migrant Investor Visa for real estate investment is up to three years. If the investment stays in place and continues to create jobs for Colombian citizens or legal residents after the original three-year period, the visa may be renewed for consecutive three-year periods.

Fees
Several variables can affect the processing fee for the Colombia Migrant Investor Visa for real estate investment. The cost of the Migrant Investor Visa is approximately COP 3,070,000 (around USD 790) as of April 2023, though this amount is subject to change.

FAQS

Can I submit more than one renewal application for my migrant investor visa?
Yes, as long as your investment continues to meet the terms of the visa, you may submit repeated applications to renew your visa. 

Do I need to reside in Colombia permanently to keep my visa?
No, the Migrant Investor Visa does not have a minimum residency requirement. To keep your visa valid, you must visit Colombia at least once every two years.

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