To qualify for a Real Estate Investment visa (M), you must invest at least 350 SMMLV, totaling $612.816.750 COP (approximately $163,418 USD).
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To qualify for a Real Estate Investment visa (M), you must invest at least 350 SMMLV, totaling $612.816.750 COP (approximately $163,418 USD).
The broker account is a safe process, you will have complete control of the registration of the funds as foreign direct investment and better conversion rates. This broker account also gurantees that if the money transferred is not converted into COP in 30 days, the money will go back to your local bank account and the origin of he funds is also established as legal and transparent.
Yes, the commission fee will depend on the broker agency, they often charge a percentage at the moment of converting the money or an established fee per dollar changed.
If you choose the Broker account, you need to pay the commission fee for the broker agency after converting the money to Colombian Pesos.
About other platforms, you can consult them directly about their fees.
Also, you’ll need to pay the 4X1000 tax at the moment of making the money transfer to the vendor. it’s 4 pesos for every 1000 pesos transferred.
Customary, the comission fee is payed the days in which you sign the sales agreement and the public deed. However, the responsability of payment relies on the vendor.
In Colombia like in most countries, realtors charge the vendor with a comission fee. In Colombia, it is customary to pay a comission fee between 3%-4% of the value of the property.
No, you can search for properties by yourself. However, we do recommend getting a realtor to show you around. Realtors can help ease the process of purchasing a property in Colombia since they have experience dealing with negotiations and solving problems.
Foreign investments must comply with legal requirements and specific regulations set by the Bank of the Republic of Colombia. This includes legalizing your investment according to local decrees to avoid audits or fines.