Colombia

Overview of the Colombian Retirement Visa

The Colombian retirement visa, widely sought after by expatriates planning to retire in Colombia, was historically known as the TP-7 visa or “visa pensionado.” However, changes introduced in late 2017 renamed it the Migrant (M) visa under category 11, commonly referred to as the M-11 visa.

 

Key Features of the Colombian Retirement Visa

The M-11 visa is now valid for up to three years. Initially, applicants may receive a one-year visa, but subsequent renewals often grant a three-year validity. Some applicants may even receive the full three years on their first application. After holding the M-11 visa for five years, you may qualify to apply for a Colombian resident visa.

Residency Requirements

Under the updated visa regulations in Resolution 5477, holders of all Migrant visas, including the M-11, must remain in Colombia for at least 180 days each year to maintain their visa. Exceeding 180 consecutive days outside the country may result in the visa being canceled upon reentry. If your visa is invalidated, immigration officials may allow you to enter as a tourist, but your previous visa status will be revoked.

 

Income Requirements for the M-11 Visa

The minimum income requirement for the Colombian retirement visa is three times the country’s legal minimum wage. As of 2024, the minimum wage in Colombia is COP 1,300,000 per month, translating to a required monthly pension income of at least COP 3,900,000 (approximately $1,000 USD). Pension payments must be officially certified and legalized to be accepted by the Colombian government. Public pensions are typically easier to certify than private pensions. It is worth noting that the applicable exchange rates for these calculations are not frequently updated by Colombian consulates or ministries.

 

Private pensions are now accepted under the pension law that went into effect on November 15, 2017. The required pension value adjusts annually for inflation in line with the minimum wage adjustments on January 1.

 

Visa Requirements and Documentation

Applicants for the M-11 retirement visa must submit the following documents:

  1. Health Certificate: A valid health certificate is required. Note that pension holders are now prohibited from enrolling in the EPS health insurance system after October 21, 2022. However, EPS remains a cost-effective health insurance option for general coverage within Colombia.
  2. Criminal Background Check: A certificate issued by either Colombia or the applicant’s country of residence for the last three years is mandatory.
  3. Passport Photocopy: A copy of the passport’s biographical page, in either color or black-and-white.
  4. Entry or Exit Stamp: A copy of the most recent Colombian entry or exit stamp, depending on the applicant’s location at the time of application.
  5. Previous Visa Copy: If applicable, a photocopy of any previously held Colombian visa.
  6. Proof of Pension: A notarized and apostilled certificate from a recognized government or private entity indicating the applicant’s pension income meets the minimum requirement.
  7. Passport Photo: A digital photo meeting specific requirements (white background, no accessories like hats or earrings, file size under 100 KB in JPG format).
  8. Health Insurance: Proof of health insurance that covers repatriation expenses in the event of death is required. Many applicants opt for traveler’s insurance to meet these requirements, as premium Colombian insurance policies may not include repatriation coverage.
 

Recent Changes and Additional Considerations

The Ministry of Foreign Relations introduced new rules under Resolution 5477 on July 22, 2022, which became effective on October 22, 2022. These rules apply to several visa categories, including the M-11 retirement visa. Key updates include:

  • A requirement for a mental and physical fitness certificate to ensure applicants are not suffering from serious health conditions, such as PTSD.
  • A shift in pension certification processes; notarized and apostilled pension documents are now mandatory.
  • Greater emphasis on compliance with health insurance requirements, particularly concerning repatriation coverage.
 

Assistance with Your Colombian Visa Application

Navigating the process of obtaining a Colombian retirement visa can be complex. Change of Phase Consulting Ltdspecializes in assisting clients with visa applications, including the M-11 retirement visa. Our team provides comprehensive guidance on document preparation, certification, and submission, ensuring a smooth and efficient process.

 

For assistance, contact us:
Email: info@copcg.com
Toll-Free: 1-866-960-9296

Why Consider Colombia for Retirement?

Colombia offers affordable living costs, high-quality healthcare, and diverse cultural and natural attractions, making it a prime destination for retirees. For those considering additional financial ventures, the Investor Visa provides an option to reside in Colombia through property purchases or business investments, complementing the benefits of the M-11 retirement visa.

 

Colombia’s flexible visa options, coupled with its welcoming environment for retirees, continue to make it a top choice for expatriates seeking a fulfilling and affordable retirement abroad. Let Change of Phase Consulting Ltd help you make your transition seamless and stress-free.

  • What is the Colombian retirement visa?

    The Colombian retirement visa, also known as the M-11 visa, is a Migrant visa designed for retirees who receive a pension. It allows retirees to live in Colombia for up to three years at a time.

  • What are the eligibility requirements for the M-11 visa?

    To qualify for the M-11 visa, you must:

    • Receive a monthly pension of at least three times the Colombian minimum wage (COP 3,900,000 or approximately $1,000 USD as of 2024).
    • Have your pension certified and apostilled.
    • Provide supporting documents such as a health certificate, criminal background check, and health insurance proof.

  • How long is the M-11 visa valid?

    The visa can be valid for up to three years. Initial approvals may be for one year, but subsequent renewals often grant three years.

  • Can I apply for permanent residency with the retirement visa?

    Yes. After holding the M-11 visa for five years, you may become eligible to apply for a Colombian resident visa.

  • What happens if I stay out of Colombia for more than 180 days?

    If you are out of Colombia for more than 180 consecutive days, your visa may be canceled. You would need to reapply or reenter the country as a tourist.

  • Do I need health insurance to apply for the retirement visa?

    Yes. You must provide proof of health insurance that includes coverage for repatriation of remains. Many retirees purchase traveler’s insurance for this requirement.

  • What are the main documents required for the visa application?

    Key documents include:

    • Health certificate
    • Criminal background check
    • Proof of pension (notarized and apostilled)
    • Passport photocopies
    • Recent entry or exit stamps
    • Health insurance
    • Digital passport photo

  • Can private pensions qualify for the retirement visa?

    Yes. Private pensions are accepted but are more challenging to certify compared to public pensions. All pensions must be legalized and meet the minimum income requirement.

  • How do I certify my pension for the application?

    Your pension certification must be notarized and apostilled. The certification should indicate that your monthly income meets the required amount.

  • Can Change of Phase Consulting Ltd help with my application?

    Absolutely! We provide expert guidance on documentation, certification, and submission for the Colombian retirement visa. Contact us for assistance.

    Email: info@copcg.com

    Toll-Free: 1-866-960-9296

  • Are there any changes to the pension visa rules I should be aware of?

    Yes. Recent updates include stricter requirements for health certificates, criminal background checks, and proof of insurance. Notarized and apostilled pension letters are now mandatory.

  • Is health insurance through Colombia’s EPS system still required?

    No, EPS insurance is no longer required for pension visa holders as of October 21, 2022. However, EPS remains an affordable option for general health coverage in Colombia.

  • Can I re-enter Colombia multiple times with the M-11 visa?

    Yes. The Colombian retirement visa allows for multiple entries and exits as long as you meet the 180-day residency requirement.

  • What happens if my visa is canceled?

    If your visa is canceled, you may still be allowed to enter Colombia as a tourist, but your previous visa status will be invalidated.

  • Why retire in Colombia?

    Colombia offers affordable living, high-quality healthcare, and a vibrant culture, making it a top choice for retirees. The cost of living is significantly lower compared to many Western countries.

If you have more questions or need assistance, feel free to contact Change of Phase Consulting Ltd at info@copcg.com or 1-866-960-9296. We’re here to make your retirement in Colombia seamless and stress-free!

Our Services for Retiring in Colombia

At Change of Phase Consulting, we offer comprehensive support to retirees seeking to relocate to Colombia. Our services include:
  1. Consultation and Eligibility Assessment: We assess your eligibility for Colombia’s retirement visa based on your financial situation, retirement plans, and lifestyle goals.
  2. Retirement Planning and Relocation Strategy: We help you develop a personalized retirement strategy that aligns with your needs and the requirements of Colombia’s visa program.
  3. Residency Application Assistance: We assist with the entire residency application process, including gathering required documentation and ensuring compliance with Colombian immigration laws.
  4. Housing and Accommodation Support: We guide you through the process of finding and securing a home, whether you’re looking to rent or purchase property in Colombia.
  5. Visa Application Process: Our team handles all aspects of the visa application, including preparing and submitting necessary documents, liaising with authorities, and ensuring all legal requirements are met.
  6. Family Support: We assist in bringing your spouse or dependents to Colombia, helping them secure residency status through your retirement visa.
  7. Post-Approval Support: After obtaining your retirement visa, we continue to support you in settling into Colombia, including guidance on healthcare access, cultural integration, and long-term residency compliance.

Why Choose Change of Phase Consulting?

  • Expertise & Experience: With extensive knowledge of the Argentine immigration system, our consultants provide expert guidance to ensure a smooth and successful retirement visa application process.
  • Tailored Solutions: We understand that every retiree has unique needs. Our service is customized to your specific goals, whether you’re seeking a peaceful lifestyle, access to quality healthcare, or a path to permanent residency.
  • Comprehensive Support: From initial consultation to securing residency, our team is with you every step of the way. We provide ongoing support to help you settle comfortably and ensure compliance with Argentine laws and regulations.
  • Local Insight: We offer in-depth knowledge of Argentina’s housing options, healthcare systems, and cultural nuances, ensuring that your transition to retirement in Argentina is seamless and enjoyable.
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