Colombia opened its citizenship by investment program in 2021, allowing foreign investors to obtain Colombian citizenship by making an economic contribution. The Colombia CBI program has clear legal basis and government support. Obtaining citizenship of Colombia through investment is fast, convenient and provides visa-free access to over 140 countries. This article analyzes the requirements, procedures,costs and benefits of Colombian CBI program in detail.
Main options to get Colombian citizenship by investing in real estate or government bonds
The Colombia citizenship by investment program allows applicants to choose between two investment options to qualify for citizenship:Purchase approved real estate with minimum value of 200,000 USD, or invest in special government portfolio consisting of bonds and other securities valued at least 800,000 USD. Both options provide a pathway to Colombian citizenship within 6-8 months. Real estate option has a lower investment threshold, while the government portfolio offers more flexibility to investors.
Eligibility criteria for applicants of Colombia economic citizenship program
The eligibility criteria ensures that only investors of good character can qualify through Colombia CBI program. Main requirements are: – Applicant must be at least 18 years old- Provide police clearance records showing no criminal history – Proof of minimum net worth of 100,000 USD- Make the qualifying property or security investment as above – Maintain investment for at least 5 years- Live in Colombia for 5 days in the first 5 years- Pay all relevant fees
Step by step procedures to get Colombia passport through investment
Obtaining Colombian citizenship by investment involves the following key steps:1. Engage an authorized agent to prepare the application2. Sign the investment agreement and transfer funds to the designated account 3. Submit CBI application with supporting documents 4. Get background verification clearance after 2 months 5. Provide biometrics at consular office 6. Investment remains locked in during processing 7. Oath of citizenship after 4-6 months 8. Apply for Colombian passport
Benefits and visa free access offered by Colombia economic citizenship
Aside from the global mobility and security provided by Colombian passport, investors also gain following key benefits:- Visa-free entry to over 140 countries including Schengen area- No physical residency requirement in Colombia- Full citizenship rights, including right-to-vote and education- Citizenship extends to family members and future generations- No interview required for passport renewal every 10 years
Colombia CBI program has legal basis and government backing
The Colombia economic citizenship program was introduced through an official decree (Decree 2132) in 2021. It has formal legislative foundation and is endorsed by the Colombian government. Strict due diligence and vetting procedures also ensure only worthy investors get approved. The investment options through property and securities provide transparent routes to Colombia passport.
In summary, the Colombian citizenship by investment program offers an efficient route for high-net-worth investors and their families to get visa-free access mobility to over 140 countries. With multiple investment options, legislated structure, and 6-8 months processing time, Colombia CBI provides a stable and attractive economic citizenship program in 2023.