Investor Visa

I have recently purchased an apartment in Cartagena. This was over the 100,000 needed for an "Investor" visa. I currently have a Rentista visa and an opened bank account at CitiBank in Cartagena.
What advantages or disadvantages would come with the Investor Visa?
Someone said it costs 375.00, what would I gain?
And what about the taxes, would I pick up tax obligations to Colombia that I normally would not have with the Rentista visa?

By Saltador on Mar 19, 2008, 07:50 in Friendly Talkzone.

pedro says on Mar 19, 2008, 08:51:

The investor visa is a permanent residency visa. It puts you on a path to getting citizenship, if you stay in Colombia long enough.

que nota!

Gator says on Mar 19, 2008, 09:11:

This visa can by requested by a foreigner that invest not be less than $100,000 (one hundred thousand dollars) and it must be registered in the Bank of the Republic. This type of visa has the following characteristics: Multiple entrances, will expired if absence from the Colombian territory for a period superior to two years, and the resident has the obligation to register with D.A.S, and obtain a “Cedula de Extranjeria�?. This visa has no expiration. After five years you can, if you wish, apply for Colombian citizenship- I never did this be cause I saw no real advantage except being able to vote.

You will have to file paper work wit the central bank and probably make a trip to MRE in Bogotá. If not your attorney, which you should have, can act as your representative at MRE.

"Brevior Sltare Cum Deformibus Mulieribus Est Vita!" .

tomtom33 says on Mar 19, 2008, 11:44:

You have to keep renewing the Rentista VISA every year. You will be money ahead over the long run with the Investor VISA.

I know of no tax implications.

1975, I used a Medellín attorney to get my last VISA. She can arrange to have your paperwork sent to Bogotá so you don't need to make the trip. I can get her contact info if you desire.