When considering starting your own company or investing in an existing company in Colombia, the Colombian Migrant Business Visa may be the ideal visa for your case.
To be eligible for the Colombian Migrant Business Visa you must invest 100 times the minimum salary into your company, that is $130’000.000 COP for 2024, this amount has to already be invested in participation or shares in the company. The M – Business owner/shareholder visa is granted for up to three years and allows you to apply for a Colombian Residency after holding it for five years.
What are the requirements to apply for the Colombian M - Business Owner / Shareholder Visa?
Document size digital picture of the applicant on a photography shop (3×4 Cm White background).
Copy of your passport’s main page.
Copy of the last entry, exit or safe-conduct stamp (It depends on the location of the foreigner).
Copy of the last Colombian visa (if applicable).
Letter of application with the company name, address, and Tax Identification Number (NIT) of the commercial company incorporated, the main activity and the number of direct jobs it generates.
Demonstrate that the commercial company maintains economic activity and solvency by means of bank statements of the last three (3) months prior to the visa application.
For joint stock companies, the participation in the company will be accredited with a certificate of shareholding subscribed by a public accountant, whose capital amount may not be less than one hundred (100) legal monthly minimum wages in force (SMMLV).
In the case of the incorporation of companies in the energy mining sector, the corresponding mining title must be provided.
Demonstrate the incorporation of paid-in capital of a commercial company, or registration of foreign investment, for an amount not less than one hundred (100) minimum salaries (SMMLV).
Others requested at the time of acceptance.
What are the costs of the Colombian M - Business Owner / Shareholder Visa?
Administrative Study Rate Fee
Administrative Issuing Fee
Cédula de Extranjería Issuing Fee
$246,000 COP *$60 USD Approximately
Information you should know about the Colombian
M - Business Owner / Shareholder Visa
How long is the Colombian M - Business Owner / Shareholder Visa granted for?
It is granted for up to 3 years
Does the M - Business Owner / Shareholder Visa allow me to work in Colombia?
Does the M - Business Owner / Shareholder Visa allow for the application of beneficiaries?
Yes, its application is allowed for beneficiaries of the primary holder Visa
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