The start of 2026 has brought one of the most significant shifts in Colombia’s economic landscape. Following the recent government Decree 1469 of December 29, 2025, the legal minimum wage has increased by 23%, officially moving from $1.423.500 COP in 2025 to $1.750.905 COP in 2026. When including the updated transport subsidy of $249.095 COP (Decree 1470 of December 29, 2025), the total monthly compensation for workers reaches $2.00.000 COP.

While this increase aims to boost local purchasing power, it also triggers an immediate update to the financial requirements for most Colombian visa categories. Since most visas—including the Retirement Visa, Digital Nomad Visa, Business Owner Visa, and Real Estate Visa—are indexed to the monthly minimum wage, applicants must now demonstrate higher income and investment levels to remain eligible. In this blog, we break down exactly how these new rates affect the visa processes.

How Much is the Current Minimum Wage in Colombia? – SMMLV 2026

For 2026, the specific amount set as the Minimum Monthly Legal Wage (SMMLV) is $1.750.905 COP. This value is the fundamental unit used by the Colombian government to determine everything from social security contributions to the financial solvency required for legal stays. For expats and investors, this figure is the key number used to calculate whether your foreign income or projected investments meet the legal standards for the selected visa.

In a payroll context, an employee also receives a mandatory transportation allowance, bringing their total take-home pay to a round $2.000.000 COP. However, for all non-labor calculations—specifically for visa applications, government fees, and investment thresholds—the transportation subsidy is completely excluded. A visa applicant’s financial planning should be based strictly on the minimum salary of $1.750.905 COP.

Table of Current Legal Monthly Minimum Wages in Colombia for 2026

In this table of Colombian Minimum Wages, we explain all the new changes for 2026, separated for each amount, in accordance with Decree 1469 and Decree 1470.

What are the Minimum Income Requirements for Colombian Visas in 2026?

For most Colombian visa categories, you must demonstrate a consistent monthly income. Whether you are a digital nomad working for a foreign company, a retiree receiving a social security pension, or a student supported by a guardian, your eligibility is tied to a specific multiple of the monthly minimum wage. With the 2026 SMMLV increase to $1.750.905 COP (approx. $467 USD), the bar has been raised across the board. 

It is important to remember that these figures are the absolute minimum, and that the Ministry of Foreign Affairs looks for clear, unabridged bank statements to verify these amounts. Below is a detailed table of the updated monthly income requirements for 2026 for visas to Colombia, calculated at an exchange rate of $3.750 COP per 1 USD. Keep in mind that the exchange rate may change daily.

What are the Minimum Investment Requirements for Colombian Visas in 2026?

The significant 23% increase in Colombia’s minimum wage for 2026 directly affects the minimum investment required to obtain residency through Foreign Direct Investment. The criteria for Colombia’s investment visas, such as the Business Owner Visa and Real Estate Investment Visa, are tied to a specific minimum investment amount. Consequently, an investment that met the visa threshold in late 2025 might no longer qualify under the higher requirement in 2026.

Specifically, for the Real Estate Investment visa, the minimum has reached $612.816.750 COP (approx. $163,418 USD). For those looking to establish or buy a Colombian company, the Business Owner Visa threshold has moved to $175.090.500 COP (approx. $163,418 USD). Since these investments are often one-time transactions, it is vital to ensure that the funds are registered correctly through the Banco de la República using the updated 2026 values shown below, calculated at an exchange rate of $3.750 COP per 1 USD. Keep in mind that the exchange rate may change daily.

To Sum Up

The 2026 minimum wage increase represents a significant turning point for anyone planning their future in Colombia. Because the SMMLV serves as the primary benchmark for immigration, this adjustment is a mandatory update to the financial rules for most visas. It is essential to ensure you comply with the new legal standards and the 2026 visa requirements. Regardless of your situation—whether you are a remote worker, a retiree, or a foreign investor—expatgroup.co offers comprehensive support, guiding your planning from start to finish to ensure compliance.