Colombia Retirement Visa — Residency Program
🏠 OVERVIEW
Country
🇨🇴 Colombia
Program
Retirement Visa
Local Name
Visa M — Pensionado
Type
Retirement
Status
Active
Initial Duration
36 months
Renewable
Yes
(36 mo)
Min Stay
180 days
per 12 months
Three-year migrant visa for retirees with a guaranteed lifetime pension of at least 3 SMMLV (~$1,382/month). Renewable indefinitely and counts toward permanent residency.
💰 FINANCIAL REQUIREMENTS
Income Requirement
COP 5,252,715/mo
(~$1,382 USD)
Pension Requirement
$1,382/mo
Application Fee
$177
📋 ELIGIBILITY
Criminal Record Check
Required
Health Check
Not required
Health Insurance
Required
💼 WORK RIGHTS
Employment
Not allowed
Self-Employment
Not allowed
Own Business
Allowed
Work Permit Included
No
👨👩👧 FAMILY & DEPENDENTS
Dependents Allowed
Yes
Spouse Included
Yes
Max Child Age
25
Parents Allowed
Yes
💰 TAX DETAILS
Tax Regime
Worldwide
Regime Name
Worldwide Income Tax (if resident 183+ days)
Foreign Income Taxed
Yes
Capital Gains Taxed
Yes
🏆 PATH FORWARD
Permanent Residency
Yes
Years to PR
5 years
Dual Citizenship
Allowed
Citizenship
Yes
Years to Citizenship
5 years
Language Required
Yes
🌍 BENEFITS & MOBILITY
Bank Account
Can open
Property Purchase
Allowed
Public Healthcare
Access granted
📝 HOW TO APPLY
Method
online
Processing Time
5–30 days
Apply from Abroad
Yes
📝 NOTES
2026 SMMLV is COP $1,750,905, so 3 SMMLV = COP $5,252,715/month (~$1,382 USD). Income must be lifetime/guaranteed — lump-sum savings not accepted. Must spend at least 180 days/year in Colombia; absence of 180+ consecutive days may result in cancellation. Travel all-risk insurance required (accidents, illness, maternity, disability, hospitalization, death, repatriation). Minimum wage increases ~9-12% annually, raising the threshold each year.
📋 ALSO IN COLOMBIA
Colombia also offers a digital nomad visa for remote workers:
- Digital Nomad Visa (Type V) (digital nomad visa)