Anyone who spends more than 183 days in Colombia is classified as as a tax resident. Colombia taxes worldwide income including capital gains and dividends. If you own investments outside of Colombia you are required to report them. So in Colombia residency may end up costing much more than you expect. Getting the visa is easy and should not be the focus of your research if you plan on relocating there. Taxation is Colombia is very punitive and the reason many choose other more accommodating domiciles.
This is news to me. I have seen several sources that mention the US and Eritea as the only countries that tax worldwide income. I will do more research.
Very good point David, People who moves to Colombia forget about taxes. Colombia and the USA, charges worldwide income but Colombia is more punitive than the USA since they do not have any exceptions. I would not retire to Colombia for more than 183 days per year. In the other side, Ecuador and Panama have a good program for retiree expats. They have discount rates in water and electricity and they do not have to declare any income outside the county. Colombia and the USA need to update their requirements to modern times.
Thanks. Clear and succinct. Excellent summary without getting bogged down in details. Perfect for someone looking at a number of SA countries and needing an overview.
The most significant FINANCIAL factor in obtaining the M-11 visa (retired) is a vaguely/unstipulated by Migracon on the website, of health insurance requirements. This insurance MONTHLY premium can easily range from $400(US) per month to $2,000(US) per month...depending face value/coverage of the policy. As an experienced hand with Colombian visas, can you shed some light on "policy coverage" requirements in obtaining a visa?
A key question I don't see answered: If you leave the country before staying 180 days, how long do you have to be away to stay again just using your passport for another 180 days? Or is this allowed?
I have a dilemma with Colombia ; in the 60s you became USA citizen. With no double residence and you needed to surrender all Colombian papers including Credits , I do t have Devils which is require to get passport, the Colombian emigration won't provide a visa a all I must have Colombian passport in order to return to USA
Thanks for the information Ma, if a person is married to a colombian citizen would the spouse automatically become a citizen as well after obtaining Marital documents from the government? Please I need clarity on this.
Thank you so much Nancy!! Your video was so informative and really cleared up many questions up. Will you be creating a Residency to Citizenship Video or content on if it's even possible to obtain Citizenship? While I understand residency is easy to maintain if I want to live there long term I would feel much more comfortable having citizenship and so many others have conflicting information - Columbia is at the top of my list and I'm currently a US Citizen. Thank you so much in advance!!!
Residency and citizenship are two different things. You will become a resident (either temporary or permanent) depending on which visa you get. You can begin the citizenship process after you have been a permanent resident for 5 years. If you are under age 65 you will be required to take an exam (in Spanish) about the history and laws of Colombia. If you are older than 65, that requirement is waived. I have a resident visa and do not plan to apply for citizenship. You are allowed to hold both a U.S. passport and a Colombian passport at the same time.
Is there any recommendation you would give us for agencies or law firms to work with to help with processing some of these visas? I am interested in the Rentista visa.
I have a 2 year visa. Do i need health insurance ? I don’t need to work here and don’t plan on working . Will they still approve me for citizenship after my 2 years ?
Have you heard about Caribbean nationals qualifying for Colombian citizenship after a year? If so, do you know if this applies also to people who have bought their way into Caribbean citizenship via their CBI programs? Ps. good info/video, thank you.
Great content, I'm just a little sad that after almost a decade of residency, you still pronounced the Spanish words with a 100% north American gringo accent. Like "pen-shun-ado", "sed-jew-la", and "kuh-lum-bia" for pensionado, cédula, and Colombia. I mean, at least get the country name somewhat correct please 🥺 It's really hard to hear educated people say "Colombia" completely wrong and then some people spell it completely wrong too. Good video otherwise tho. Thank you
Hi thankyou! Question. When you say you are not allowed to work with certain visas... DO YOU MEAN ...the person is not allowed to work a COLOMBIAN job? Or do you mean any at all employment...including remote from your home country or online (own business)? Thanks very much :)
For the investment real estate part do you have to purchase the property in cash or does the bank help you with financing ?? Does anybody know the answer ??
Good, but I believe you can work for a company in the U.S. or elsewhere online if you hold a pensionado visa. I think the problem is that the government of Colombia does not want you to take jobs away from Colombians. So, Colombian jobs you cannot do, but I think you can do online jobs for companies based in other countries including the U.S.. Let me know if you think that I am wrong.....
With a Colombian Resident visa you can work for any company (local o foreign), It has an indefinite validity; When the employment contract of the holder of a TP-4 visa is terminated, he must either leave Colombia or seek a New Job or apply for Another Type of visa; Report to the Chancery for any change of employer or if you cange to freelancer report it too, if you freelancer you must be affiliated to the public healthcare system (EPS) and risk labours (ARL) system based on your incomes or must be affiliated to another healthcare system secure ; The foreigner holder of the Resident Visa who is absent from the country for a term of 2 years or more maybe can lose it, report to the Chancery that situation; The RE visa allows to exercise any legal activity in Colombia. --> www.asuntoslegales.com.co/analisis/christoph-moller-511546/como-obtener-la-visa-de-residente-en-colombia-2344266
Gracias por la información
Do you know of a Good Attorney after living in Colombia for such a long time ???? Amazingly Informative and We'll Put Together Video 🤗🤗
I sure give you a like. This is very explicit. You probably have been in the teaching field.
Nancy, your explanation of the Columbia visa schemes was the best I’ve heard. Thank you so much for your clarity and assistance.
Hi I read that to obtain the rentier visa you need 3 minimum salaries. Maybe this thing has changed in this time?
finally someone who can explain this concisely. Thank you
Great video very helpful
Thank you Nancy for all of the info clearly presented.
Anyone who spends more than 183 days in Colombia is classified as as a tax resident. Colombia taxes worldwide income including capital gains and dividends. If you own investments outside of Colombia you are required to report them. So in Colombia residency may end up costing much more than you expect. Getting the visa is easy and should not be the focus of your research if you plan on relocating there. Taxation is Colombia is very punitive and the reason many choose other more accommodating domiciles.
This is news to me. I have seen several sources that mention the US and Eritea as the only countries that tax worldwide income. I will do more research.
@@Undisclosed86467 US Eritrea Brazil and Colombia. Sad but true.
Very good point David, People who moves to Colombia forget about taxes. Colombia and the USA, charges worldwide income but Colombia is more punitive than the USA since they do not have any exceptions. I would not retire to Colombia for more than 183 days per year. In the other side, Ecuador and Panama have a good program for retiree expats. They have discount rates in water and electricity and they do not have to declare any income outside the county. Colombia and the USA need to update their requirements to modern times.
@@DaveG-qd6ug Good to know. Thanks.
Thanks. Clear and succinct. Excellent summary without getting bogged down in details. Perfect for someone looking at a number of SA countries and needing an overview.
Can you buy 2_3 properties to get to 145.000 ..???
Very well done
Glad you found it helpful
The most significant FINANCIAL factor in obtaining the M-11 visa (retired) is a vaguely/unstipulated by Migracon on the website, of health insurance requirements. This insurance MONTHLY premium can easily range from $400(US) per month to $2,000(US) per month...depending face value/coverage of the policy. As an experienced hand with Colombian visas, can you shed some light on "policy coverage" requirements in obtaining a visa?
What about the marriage to Columbia woman ,,r,, visa
A key question I don't see answered: If you leave the country before staying 180 days, how long do you have to be away to stay again just using your passport for another 180 days? Or is this allowed?
Very useful and clear. Thank you.
I have a dilemma with Colombia ; in the 60s you became USA citizen. With no double residence and you needed to surrender all Colombian papers including Credits , I do t have Devils which is require to get passport, the Colombian emigration won't provide a visa a all I must have Colombian passport in order to return to USA
Thank you 🙏🏼 😊
I say 6 months in Medellin enjoy, then come back to the states!
Great explanation. Thanks.
Thank you for the information.
6
Hello Nancy,
Are you still in Medellin? I am travelling there wednesday and hope things are ok there. Bob
I interested
Hi Nancy, thanks for this video, me and my partners are thinking of moving to Colombia to leave. Thanks again for the info.
Thanks for the information Ma, if a person is married to a colombian citizen would the spouse automatically become a citizen as well after obtaining Marital documents from the government? Please I need clarity on this.
I would want to know if during covid the visa are getting approved ? I live in India and want to make a move to Columbia
colombia with oooooooo
John Escobar don’t understand the response
@@cjaydeep22 colOmbia is with ooo, colUmbia with uuu is in usa, is a different place
John Escobar yeah thanks 🙏🏽 my bad
First of all it is Colombia
Thank you so much Nancy!! Your video was so informative and really cleared up many questions up. Will you be creating a Residency to Citizenship Video or content on if it's even possible to obtain Citizenship? While I understand residency is easy to maintain if I want to live there long term I would feel much more comfortable having citizenship and so many others have conflicting information - Columbia is at the top of my list and I'm currently a US Citizen. Thank you so much in advance!!!
Residency and citizenship are two different things. You will become a resident (either temporary or permanent) depending on which visa you get. You can begin the citizenship process after you have been a permanent resident for 5 years. If you are under age 65 you will be required to take an exam (in Spanish) about the history and laws of Colombia. If you are older than 65, that requirement is waived. I have a resident visa and do not plan to apply for citizenship. You are allowed to hold both a U.S. passport and a Colombian passport at the same time.
Is there any recommendation you would give us for agencies or law firms to work with to help with processing some of these visas? I am interested in the Rentista visa.
hi.. i want to mary with colombia girl and settle there.plz help me to do this🙏🙏
I have a 2 year visa. Do i need health insurance ? I don’t need to work here and don’t plan on working . Will they still approve me for citizenship after my 2 years ?
Is your pension taxed?
What is the requirement for renista visa ?
Thanks for this video. Do you know of any good visa attorney or visa agent in Colombia that can help me with my visa process?
is colombia with oooooo, columbia is in usa
@@johnescobar9951 I fixed it
Have you heard about Caribbean nationals qualifying for Colombian citizenship after a year? If so, do you know if this applies also to people who have bought their way into Caribbean citizenship via their CBI programs? Ps. good info/video, thank you.
Haven't they suuspened visa due to the pandemic
Great content, I'm just a little sad that after almost a decade of residency, you still pronounced the Spanish words with a 100% north American gringo accent.
Like "pen-shun-ado", "sed-jew-la", and "kuh-lum-bia" for pensionado, cédula, and Colombia.
I mean, at least get the country name somewhat correct please 🥺
It's really hard to hear educated people say "Colombia" completely wrong and then some people spell it completely wrong too.
Good video otherwise tho. Thank you
Hi thankyou! Question. When you say you are not allowed to work with certain visas... DO YOU MEAN ...the person is not allowed to work a COLOMBIAN job? Or do you mean any at all employment...including remote from your home country or online (own business)? Thanks very much :)
Can´t work for a Colombian company.
Hi I can come
Sadly, you didn't mention the needs and pros/cons of becoming a Colombian citizen.
For the investment real estate part do you have to purchase the property in cash or does the bank help you with financing ?? Does anybody know the answer ??
People born in Puerto Rico have to wait 5 years too ? To be a Colombian citizen?!
Anyone not born in Colombia has to have 5 years with a resident visa before applying to become a Colombian citizen
Good, but I believe you can work for a company in the U.S. or elsewhere online if you hold a pensionado visa. I think the problem is that the government of Colombia does not want you to take jobs away from Colombians. So, Colombian jobs you cannot do, but I think you can do online jobs for companies based in other countries including the U.S.. Let me know if you think that I am wrong.....
Hi John, you are correct. What I meant to say was that you can´t work for a Colombian company. I´m sorry I didn´t make that clear.
With a Colombian Resident visa you can work for any company (local o foreign), It has an indefinite validity; When the employment contract of the holder of a TP-4 visa is terminated, he must either leave Colombia or seek a New Job or apply for Another Type of visa; Report to the Chancery for any change of employer or if you cange to freelancer report it too, if you freelancer you must be affiliated to the public healthcare system (EPS) and risk labours (ARL) system based on your incomes or must be affiliated to another healthcare system secure ; The foreigner holder of the Resident Visa who is absent from the country for a term of 2 years or more maybe can lose it, report to the Chancery that situation; The RE visa allows to exercise any legal activity in Colombia.
--> www.asuntoslegales.com.co/analisis/christoph-moller-511546/como-obtener-la-visa-de-residente-en-colombia-2344266