Video Briefing

Expat Money ®: Fear Not, Here Are the Simplest Paths to Colombian Residency

Aug 20, 2023Video Briefing7:37Watch on YouTube

Colombia offers multiple temporary and permanent residency pathways for expats, investors, professionals, retirees, students, spouses, and parents of Colombian children. The country is presented as a low-cost, family-oriented destination with online visa applications, property ownership rights, employment and business opportunities, and a possible path to citizenship.

Colombia has become increasingly popular with expats because of its relatively low cost of living, welcoming social environment, and range of residency options. The transcript highlights the country’s family-oriented culture, which is described as being reflected in the Constitution.

Cost of living is described as especially low outside tourist areas. Domestic flights are also described as inexpensive, making it easier for residents to travel around the country.

Temporary residency options

Colombia offers several migrant visa categories for people seeking temporary residence. Each category has different eligibility rules.

M1 visa: spouse or partner of a Colombian citizen

The M1 visa is available to foreign nationals who are married to, or in a union with, a Colombian citizen.

This visa is based on family ties and allows foreign spouses or partners to live in Colombia with their Colombian partner.

M3 visa: Mercosur visa

The M3 visa is available to citizens of countries that are permanent or associate members of the Mercosur economic bloc.

The visa is intended to support movement between member countries and promote regional economic integration.

M6 visa: business owner visa

The M6 visa is for business owners who want to invest in Colombia.

The transcript states that this visa requires an investment of 100 minimum salaries, showing a commitment to the Colombian economy.

M7 visa: expertise visa

The M7 visa is designed for professionals or skilled workers whose technical expertise is needed in Colombia.

This visa is intended for people with specialized skills who can contribute to the country’s development.

M8 visa: religious visa

The M8 visa is available to religious workers, missionaries, or religious trainees.

It allows foreign nationals involved in religious work to live and carry out religious activity in Colombia.

M9 visa: student visa

The M9 visa is for foreign students pursuing academic programs in Colombia.

It allows students to enroll in schools or universities and study in the country.

M10 visa: property investment visa

The M10 visa is for people investing in Colombian real estate.

The transcript describes this as requiring a significant property investment, though it does not provide the exact amount.

M11 visa: pensioner or rentier visa

The M11 visa is for individuals with pension or passive income.

The transcript gives two income thresholds:

  • pension income worth three times the minimum wage
  • other income worth 10 times the minimum wage

This visa is intended for retirees and individuals with stable recurring income.

Pathway to permanent residency

Temporary residence can lead to permanent residency after a required period.

The timeline depends on the visa category:

  • M1 and M3 visa holders: eligible after two years
  • M4 to M11 visa holders: eligible after five years

Permanent residency allows a foreigner to establish long-term roots in Colombia.

Permanent residency by investment

Another route to permanent residency is through a significant investment.

The transcript states that applicants may qualify by investing 650 times the monthly minimum wage in either:

  • a business
  • property

This route is presented as a way to show commitment to Colombia’s economy and contribute to its growth.

Permanent residency through a Colombian child

A parent of a child with Colombian nationality may also qualify for permanent residency.

This route is based on family ties and allows parents to remain in Colombia with their Colombian child.

Validity and absence rules

Once granted, permanent residency is valid for life and does not need to be renewed.

However, the resident ID card must be renewed after five years.

A key caveat is the absence rule: if a permanent resident spends more than two consecutive years outside Colombia, the permanent residency visa expires.

Application process

The transcript describes the Colombian visa process as convenient and straightforward.

Applications can be submitted:

  • online
  • through a Colombian consulate in another country

The basic process is described as:

  1. Complete the application.
  2. Attach required documents.
  3. Pay the fee.
  4. Submit the application.

The transcript does not provide a full document checklist, government fee amounts, processing times, or consulate-specific requirements.

Benefits of Colombian residency

Colombian residency provides several practical benefits.

Residents can:

  • live in Colombia throughout the year
  • own property
  • work in Colombia
  • start a business
  • access financial services
  • open a bank account
  • sign long-term contracts
  • pursue permanent residency
  • eventually apply for citizenship

Residency is also described as helpful for people who want to establish roots, invest in real estate, build a career, or start a company.

Citizenship pathway

After five years of holding permanent residency, a person can apply for Colombian citizenship.

Citizenship provides additional rights and benefits, though the transcript does not detail the application requirements, language rules, tests, government fees, or passport process.

Tax considerations

Tax residency is an important caveat.

The transcript states that if a person lives in Colombia for more than 183 days, they will be taxed on worldwide income.

The tax rates mentioned are:

  • income tax: up to 39%
  • corporate tax: 31%

Anyone considering Colombian residency should account for these tax obligations before moving or structuring income in the country.

Practical considerations

Colombia may appeal to expats seeking:

  • low cost of living
  • family-oriented culture
  • residency through marriage or partnership
  • residency through Mercosur nationality
  • business investment options
  • property investment options
  • student residence
  • retirement or passive-income residence
  • professional or skilled-worker residence
  • access to banking and long-term contracts
  • a path to permanent residency and citizenship

The main caveat is that residency can create tax exposure, especially for people spending more than 183 days in Colombia. The transcript also does not provide full legal requirements for each visa category, exact investment thresholds for all routes, processing times, or required documents.

Anyone considering Colombian residency should compare visa categories, confirm current minimum wage calculations, review tax residency rules, and understand the absence rules before applying.