Colombia opened its citizenship by investment program in 2021, allowing foreigners to obtain citizenship by making an economic contribution. The program has become an attractive option for investors due to Colombia’s economic stability, strategic location, and visa-free access to over 140 countries. This article will provide an overview of the colombia citizenship by investment program, including the investment options, application process, and benefits.
Investment options under the citizenship program
The Colombia citizenship by investment program allows applicants to choose from two investment options – a non-refundable contribution or an investment in real estate. The non-refundable contribution option requires a donation of US$100,000 to the Colombia Nos Une account, set up by the government to support social programs. The real estate investment option requires purchasing real estate assets worth at least US$200,000, which must be held for a minimum of 5 years.
Straightforward application process
The application process for the Colombia citizenship program is straightforward compared to other countries. Applicants must provide documents proving their identity, background checks, medical checks, proof of funds, and evidence of their qualifying investment. The government aims to process applications within 6 months after all documents are submitted.
Visa-free access and global mobility benefits
The Colombia passport allows visa-free entry to over 140 destinations, including the Schengen area, UK, Russia, Hong Kong, Singapore and more. It offers global mobility and ease of travel to key business and lifestyle destinations. The passport can also be passed down by descent, offering citizenship benefits for future generations.
Business and lifestyle advantages
Colombia has a stable business environment and economy that encourages foreign investment. The country has free trade agreements with key export markets and offers appealing tax incentives for businesses. Colombia also boasts vibrant cities, rich culture, beautiful nature and a low cost of living – making it an appealing residence destination.
The Colombia citizenship by investment program offers a straightforward pathway to acquire citizenship by making an economic contribution. Key benefits include visa-free global mobility, business advantages, economic stability and an appealing lifestyle destination. With investment options starting from $100,000, it remains an attractive option for global investors and families seeking second citizenship.