M - Retirement Visa
When considering a place to retire with multiple benefits, we couldn’t think of a more ideal country than Colombia. As we have mentioned in previous blogs, to retire in Colombia is one of the best choices you could make, regarding your finances and keeping a great high quality lifestyle.
The Colombia Retirement Visa requires you to prove income of at least three times the minimum wage from a stable government source, this means you must have a monthly income of $3,480,000 COP for 2023.
With the possibility of reapplying, the Colombian Retirement Visa allows you to apply for a Colombian Residency after holding it for five years.
To keep the Colombian Retirement Visa you must not stay outside of Colombia for more than six continuous months and it is important to note that this visa allows you to obtain benefits such as a “cédula de extranjería” or Colombian ID, but does not allow you to work in Colombia.
What are the requirements to apply for the Colombian M - Retirement 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).
Medical certificate issued by the Colombian authority or by the medical health authority of the country of origin, showing the petitioner’s psychophysical aptitude.
Certified Criminal History Report of your country of origin or of the place where you resided during the three (3) years prior to the visa application, apostilled, legalized and translated.
Certification issued by the competent entity, which recognizes the monthly payment of a life pension in favor of the foreigner applying for the visa in an amount not less than three (3) minimum wages (SMMLV).
Health policy with coverage in the national territory against all risks for your stay in the country.
Others requested at the time of acceptance.
What are the costs of the Colombian M -Retirement Visa?
Administrative Study Rate Fee
$55 USD
Administrative Issuing Fee
$271 USD
Cédula de Extranjería Issuing Fee
$246,000 COP *$60 USD Approximately
Apostille Process
$140 USD – $170 USD* Prices for our partners in the US.
**Carrying out this process personally in your country of origin could minimize costs.
**Prices may vary according to the country.
Translations
$25,000 COP per resultant page
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