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Investor Visa Question

I'm in Bogota chasing an investor's visa.

Does the $100k have to be spent on a single purchase or can it be across two separate purchases?

Basically, I'd have two form 4's (for two apartments) totaling about 300 Million pesos.

Will this work?

By twmcm on Jun 19, 2008, 17:33 in Visa & paperwork. AddThis Social Bookmark Button


twmcm says on Jun 19, 2008, 18:26:

Thanks!

0 funny, 0 helpful.

SandraBaldion says on Jun 19, 2008, 21:14:

I'm quite sure this information could help you :)
CONSULADO GENERAL DE COLOMBIA
2400 Augusta Dr. Suite 400  Houston, Texas 77057
Telephone: (713) 527-8919  Telefax: (713) 529-3395  http://www.colhouston.org
1
VISA FOR RESIDENT INVESTOR (RI)
Prior the authorization by the Colombian Ministry of Foreign Affairs, a visa for Resident Investor may be granted to a foreigner who makes a direct foreign investment on his name, in accordance with which is foreseen in the statutes of International Investments and additional regulations existing a the time of the application, and for the amount established by the Colombian Ministry of Foreign Affairs.
DOCUMENTS NEEDED
• Passport with available pages, and valid for at least three (3) months.
• Two (2) photocopies of the pages of the passport containing information, as well as all previously granted
visas.
• Two (2) originals of the Visa Application Form completely filled out, and duly signed.
• Three (3) recent color passport-type photographs (1.5�x1.5�).
• Original certificate issued by the Department of Foreign Exchange of the “Banco de la República�
(Departamento de Cambios Internacionales del Banco de la República) establishing that in its files appears the record of the direct foreign investment on the name of the foreigner visa applicant. The minimum amount to be invested in the Colombian territory will be at least one hundred thousand U.S. Dollars (USD $100.000). The foregoing is in accordance with article 52 of the Decree 4000, of November 30TH 2004, in agreement with what is established in the Statute of International investments and other existing regulations.
• Police certificate from the last country of residence, extended by the proper authority, granted within the last six (6) months. This certificate is not required from minors under eighteen (18) years of age. The certificate must be translated into Spanish, and both, the original and the copy must be APOSTILLED.
US $375 in Cash, or Money Order only (Cost exempt for citizens of: South Korea, Spain and Japan).
If the visa is issued for more than three (3) months, the visa holder should register it in the Immigration Office of the Administrative Department of Security (Departamento Administrativo de Seguridad - DAS -) within fifteen (15) working days from the arrival date.
The Resident Visa will expire if the foreign citizen is absent from Colombia for more than two (2) consecutive years.
IMPORTANT NOTES
• All applicants are required to appear in person at the consulate's office either when submitting the
documentation or when receiving the approved visa. No exceptions.
• All Documents issued in languages other than Spanish MUST be submitted duly TRANSLATED INTO
SPANISH, and both versions should be notarized by a Notary Public. They must be also certified with an
APOSTILLE by the Office of the Secretary of State at the State where they were issued.
• For U.S citizens the study of the visa application form and documents takes three (3) working days; for non-
U.S. citizens it may take up to two (2) weeks, and it is subject to the approval of the Colombian Ministry of
Foreign Affairs.

0 funny, 0 helpful.

aracne says on Jun 23, 2008, 07:24:

I don't think you will have too many problems getting your investor's visa with such amount of money. But in order to obtain it you must have a certification from the bank of the republic stating that actually you have a record of investments over $100,000 USD in Colombia (as it appears in the comment above). Therefore, if you have a couple of forms 4, you must have a couple of forms 11 and the certification I'm telling you about, that the bank will not give you unless you apply for it. Otherwise, I don't think you can get the visa easily.

0 funny, 0 helpful.

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