The Short Answer
Yes. Colombia places no nationality-based restrictions on foreign property ownership. You do not need a visa, residency, or a minimum investment to buy real estate here. A valid foreign passport is sufficient to sign contracts before a Colombian notary.
What Rights Do Foreign Property Owners Have?
Once registered at the Public Registry, foreign owners hold full legal title with the right to:
- Occupy, lease, or leave the property vacant
- Sell to any buyer regardless of nationality
- Transfer through wills and succession
- Access protections under Colombian property law
- Repatriate sale proceeds internationally (if original funds were properly declared)
The Currency Declaration Requirement
When you wire money into Colombia to purchase property, you must declare that inflow to the Colombian Central Bank using Form 4 (Declaración de Cambio) through your Colombian bank. This declaration is essential — it is what allows you to legally repatriate your proceeds when you eventually sell.
Purchasing Through a Corporate Entity
Foreign investors may use Colombian SAS corporations or foreign companies to hold property. This structure can provide tax planning advantages and simplifies managing multiple properties.
Taxes on Property Ownership
- Predial (Property Tax): Municipal assessment, typically under 1% annually
- Capital Gains Tax: 15% flat rate on profit (sale price minus purchase price, inflation-adjusted)
- Rental Income Tax: 15% withholding for non-residents; progressive rates for residents
Can Foreigners Get a Mortgage in Colombia?
Obtaining a Colombian mortgage as a foreign national without residency is uncommon. Most international buyers use cash or arrange financing through their home countries.
StellarView Realty has guided foreign buyers through this process for 18+ years. Contact us for a free consultation.