Bolivia

Duration

2 Years

Duration

2 Years
  • Work
  • Dependents
  • Business
  • Citizenship

Temporary Residence Visa Bolivia

#businessvisa

About

A multiple visa, which is what Bolivians refer to as a business visa, is issued for a year and can be extended for additional years. Bolivia provides a lot of options, despite not being the most popular investment location or even having a sufficiently powerful passport.

Your status will be comparable to that of a Bolivian investor if you choose this option. You can get this visa without having a partner from Bolivia. If your firm is doing well after a year, you can extend it for an additional two years, and it can even lead to permanent residence.

Eligibility

To be eligible for this visa,

  • You must have an investment of 30,000 USD.
  • You must have a business in the country where you will be investing.
  • A health certificate to show that you don't have infectious diseases.

Documents

You must provide the following documents while applying for this visa,

  • A passport with a minimum six-month expiration date
  • Recent headshots in the format of a passport.
  • A certificate of good behaviour from Interpol.
  • A yellow fever vaccine certificate, plus any additional health certificate that is applicable (this can be dependent on which country you are entering Bolivia from).
  • A FELCC (Special Force to fight against crime in Bolivia) resident record certificate.
  • A notarized letter confirming your financial stability and outlining the task you will perform.

Process

Visa Processing Time
It is not that difficult to get a temporary residence permit in Bolivia if you meet the eligibility criteria and have the required documents. The visa can take up to a month to process. It can take longer, so you should be prepared for it.

How to Apply
You may visit the nearest embassy to apply for a Bolivian visa. You will be required to submit the required documents and pay the visa processing fee. Once you have done all that, what you can do is wait for the confirmation. You may also hire a visa consultant to avoid any trouble.

Duration & Fees

Duration
The temporary residence permit allows you to stay in the country for a year and can be renewed. Furthermore, you may apply for permanent residence after being in the country for two continuous years.

Fees
You are required to pay 1320 Bs as the visa processing cost. It is equal to around 190 USD. This fee is for visa processing and has no connection or whatsoever to accommodation and investment in the country.

FAQS

Is it possible to extend a temporary residence visa to Bolivia?
The temporary residence visa can be renewed for an equal amount of time as the initial validity. It can even result in permanent residence if needed.

Bolivia allows foreigners to own property?
When considering buying real estate in Bolivia, there aren't any restrictions; foreigners enjoy the same rights as locals. In this country, foreigners are allowed to own property in their own names, and possessing property entitles you to residency.

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