Looking for the Best Visa Option
I'm 56 and will be selling my house in the US soon. I should walk away with about 150K. I had wanted to buy a place in Colombia for around 75K, and then live off the additional 75K until social security and my 401-KS KICK IN AT 62. Is there any option to show a healthy bank balance instead of the monthly income for visa purposes?
Hi James,
Most visas require fixed guaranteed income. However, another option you could consider is the Real Estate (M) Visa, however that would require your property purchase be at least 350 x Min monthly Colombian salary, which is roughly $115,000 USD (depending on the exchange rate). The visa is good for 1-3 years, but is renewable, as long as your property value continues to meet the minimum threshold.
If you have any additional Colombia visa questions, drop us a line.
Cheers, Marco
Leave a reply