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Residency and Citizenship in Colombia Through Real Estate

Why Colombia Appeals to Retirees, Digital Nomads, and Regional Investors

Colombia offers a dynamic combination of affordability, urban sophistication, and natural beauty. Cities like Medellín, Bogotá, and Cartagena attract retirees, entrepreneurs, and remote workers. The country has a real estate-linked visa program that allows foreigners to gain residency through property investment, making it one of the more accessible Latin American destinations for relocation.

Property Ownership Rights for Foreigners

Foreigners can freely purchase property in Colombia with the same rights as locals. Full freehold ownership is available, including land, houses, and apartments. All property purchases must be registered through a notary and the national registry. Funds must enter the country through the Colombian Central Bank system to qualify for a residency-linked investment visa.

Residency Options and Real Estate Investment Route

Colombia offers a Migrant (M) visa category for real estate investors who purchase property worth at least 350 times the Colombian minimum monthly wage (around USD 90,000 depending on exchange rates). This visa is valid for up to three years and renewable. It requires proof of property ownership, legal entry of investment funds, and other basic documentation. It can lead to permanent residency after five years.

Permanent Residency and Citizenship Process

After five continuous years on a migrant visa, applicants can apply for permanent residency. Citizenship is available after five additional years of legal residency (or two years for nationals of Latin American and Caribbean countries). Dual citizenship is allowed. Property ownership helps establish long-term presence and contributes to a naturalization application.

Application Process and Legal Considerations

Applicants must submit property deeds, proof of bank transfer, criminal background checks, passport, and health insurance. Applications are filed with the Colombian Ministry of Foreign Affairs. Legal support is advised to ensure compliance with exchange regulations and ownership registration.

Real Estate Market and Investment Outlook

Colombian property remains affordable, with apartments in Medellín starting at USD 60,000 and luxury homes in Cartagena reaching USD 300,000 or more. Rental yields range from 5 to 8 percent in urban centers. Colombia’s real estate visa is one of the most direct paths to residency in Latin America, offering both investment potential and long-term relocation benefits.