Visa updates for 2025: How minimum wage adjustments impact your visa plans
Colombia has announced its updated minimum wage for 2025, set at $1,423,500 COP/month.
This change has a direct impact on the financial requirements for various visa categories in the country.
Here’s a breakdown of how the new minimum wage affects some visa qualifications:
Applicants for the tourist Visa must demonstrate proof of income equivalent to 10 minimum wages per month.
New minimum income requirement per month in 2025: $14,235,000 COP ≈ $3,300 USD*
Applicants for student visas must demonstrate proof of income equivalent to 10 minimum wages per month.
New minimum income requirement per month in 2025: $14,235,000 COP ≈ $3,300 USD*
Digital nomads must demonstrate a monthly income of at least 3 minimum wages to qualify for this visa.
New minimum income requirement per month in 2025: $4,270,500 COP ≈ $990 USD*
Bank statements for those who work at foreign corporations but are interested in investigating the Colombian markets or considering investing in Colombia must prove a monthly income of at least ten (10) Minimum Legal Monthly Wages.
New minimum income requirement per month in 2025: $14,235,000 COP ≈ $3,300 USD*
If you happen to receive periodic income from an accredited legal source, you could be eligible to apply for the Rentista/Annuity visa, and must provide income that is paid or paid on behalf of the applicant not less than ten (10) current legal monthly minimum wages (SMMLV).
New minimum income requirement per month in 2025: $14,235,000 COP ≈ $3,300 USD*
If you need entry to the country in order to perform administrative and/or legal proceedings before entities or authorities in Colombia, you will need a monthly income of at least ten (10) Minimum Legal Monthly Wages in Force (SMMLV).
New minimum income requirement per month in 2025: $14,235,000 COP ≈ $3,300 USD*
If you are applying for the volunteer visa you must show an average monthly income of one hundred (100) Minimum Legal Monthly Wages in Force (SMMLV).
New minimum investment value in 2025: $142,350,000 COP ≈ $33,000 USD*
If you are applying for the temporary services provider visa, in order to provide some kind of specialized technical assistance, you must show an average monthly income of one hundred (100) Minimum Legal Monthly Wages in Force (SMMLV).
New minimum investment value in 2025: $142,350,000 COP ≈ $33,000 USD*
If you plan to enter the country in order to participate in any event as an artist, athlete or others, you must show Bank statements with a minimum income equivalent to three (3) Minimum Legal Monthly Wages in Force (SMMLV) during the last 3 months.
New minimum income requirement per month in 2025: $4,270,500 COP ≈ $990 USD*
If you’re considering obtaining a visa through real estate investment, the new minimum wage adjustment raises the minimum property investment requirement to 350 minimum wages.
New minimum investment value in 2025: $498,225,000 COP ≈ $115,000 USD*
Those seeking a business investment visa must invest a minimum of 100 minimum wages in a Colombian company, typically through stocks or shares.
New minimum investment value in 2025: $142,350,000 COP ≈ $33,000 USD*
For retirees, proof of a lifelong pension equivalent to 3 minimum wages per month is required to qualify for this visa.
New minimum income requirement per month in 2025: $4,270,500 COP ≈ $990 USD*
If you are a freelance worker planning to visit Colombia, you must demonstrate income higher than five (5) minimum wages (SMMLV).
New minimum income requirement per month in 2025: $7,117,500 COP ≈ $1,650 USD*
If you have a job offer in Colombia and plan to apply for the work visa, you must show Bank certifications in the name of the employer for the last four (4) months, showing an average monthly income of one hundred (100) legal monthly minimum wages in force (SMMLV).
New minimum investment value in 2025: $142,350,000 COP ≈ $33,000 USD*
Notes
- The exchange rate estimates are based on figures as of January 2025.
- Currency fluctuations could affect the USD equivalent values.
Whether you’re planning to retire in Colombia, invest in real estate, start a business, or explore the country as a digital nomad, understanding these updated requirements is key to successfully obtaining your visa.
Stay informed and plan ahead to meet the necessary criteria for your visa application in 2025.
Need help navigating the visa process? Contact us at Nexo Legal for personalized guidance and support tailored to your specific visa goals!
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Subsequently, a specialist will be assigned to your case, reaching out to you within a day to clear up details about your case and outline the next steps to help you achieve your goals.
Get started with a free case assessment
What will happen after you fill out this form?
After submitting the form, your case undergoes a comprehensive review by our team of specialist to assess its viability. Providing clear and concise information about your objectives accelerates this process.
Subsequently, a specialist will be assigned to your case, reaching out to you within a day to clear up details about your case and outline the next steps to help you achieve your goals.
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