What's the process for an investor visa?

What's the process for an Investor Visa?

May 29, 20242 min read
Investor visa

To apply for an Investor Visa in Colombia, you will need to follow these steps and meet certain requirements. Here’s a comprehensive guide:

Types of Investor Visas:

1. Migrant Visa (Type M): For investments in businesses or real estate.

2. Resident Visa (Type R): For higher investment amounts, leading to long-term residency.

Requirements:

1. Proof of Investment:

Business Investment: Minimum investment of approximately USD 29,000 in a Colombian business.

Real Estate Investment: Minimum investment of approximately USD 117,100 in real estate.

2. Investment Certificate: Issued by Banco de la República’s Department of International Exchange, recording the investment.

3. Business Plan: Detailed plan outlining objectives, operations, and financial projections.

4. Financial Resources: Proof of sufficient financial resources to support yourself and any dependents, such as bank statements or income proof.

5. Health Insurance: Valid health insurance coverage in Colombia.

6. Criminal Background Check: From your country of origin and any country where you’ve lived for more than six months in the past five years.

7. Valid Passport: Copy of the biographical page and the page with the last entry or exit stamp from Colombia.

8. Photos: Passport-sized photos.

9. Application Form: Completed visa application form.

Application Process:

1. Gather Documents: Collect and digitize all necessary documents.

2. Submit Application: Apply online through the Colombian Ministry of Foreign Affairs website or at a Colombian consulate. Pay the non-refundable application fee.

3. Attend Interview: If required, attend an interview at the Colombian consulate or embassy.

4. Wait for Approval: The processing time is typically 1-3 weeks. Upon approval, you will receive the visa via email.

5. Register Visa: Within 15 days of arriving in Colombia, register your visa with Migración Colombia to obtain a Cédula de Extranjería (foreign ID card).

Additional Information:

Duration: The M visa is valid for three years and can be renewed. After five years, you can apply for a Resident Visa (Type R), which can lead to citizenship.

Residency Requirement: To maintain the visa, you must stay in Colombia for at least 180 days each year.

Tips:

• Consider working with an immigration attorney to navigate the application process and ensure all documentation is correct.

• If you plan to live in Colombia with family, they can also obtain visas.

By following these steps and ensuring you have all the necessary documentation, you can successfully apply for an Investor Visa in Colombia.

Juan is an immigration attorney located in Medellín, Colombia

Juan Gonzalez (Colombian Attorney)

Juan is an immigration attorney located in Medellín, Colombia

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