Starting a Business in Colombia: What are the Colombian Business Visa Requirements? – 2024 Update
During the fourth quarter of 2019, Colombia’s foreing direct investment (FDI) grew by over $3.7 billion dollars. This represented an approximated $440 million increase in FDI from the previous quarter.
Although Colombia currently finds itself in a tricky spot with the economic implications of the coronavirus, the favourable foreign exchange rate and previous spirals in FDI still make Colombia an attractive investment opportunity for expats.
There’s a growing number of foreign nationals migrating to work and live in Colombia, meaning that finding the right labor and customer base for foreign investors is now a reality. Meanwhile, the infrastructure of Colombia’s major cities like Bogotá and Medellín has gone from strength to strength in the last 10 years.
So, for those interested in starting their own business asking — ‘Do I need a business visa in Colombia?’ — the answer is yes. And the best way to ensure getting the M-6 business owner visa is through an experienced visa services agency that has already guided hundreds of people through the same process.