Most Frequently Asked Questions
Our staff is committed to ensuring that your experience is unique and successful. We have compiled a series of highlighted questions that may assist you in the search process. If you have further inquiries or wish to get in touch with us, do not hesitate to contact us right away.
To open a bank account, you must apply with your passport and fill out all the necessary KYC information the bank requests.
You can only invest in Colombian pesos. That means that if your currency is USD or any other, you must exchange your currency to Colombian pesos in your own bank account (while following Central Bank Regulations) and then make the investment.
It depends if you are a taxable resident or a non-taxable resident. Depending on your status, you will be assigned a flat rate (if you have non-resident status) or tax brackets (if you have resident status). Get in touch with us to get a deeper look into your specific situation.
It’s an investment vehicle that allows individuals and corporations to own fractions of an asset and/or cash-flow. It allows for lower investment amounts, higher diversification of risk, even cost distributions, and in most cases, higher yields.
Real estate development, property management, investment advisory, sales and purchase consulting, fundraising, project structuring, conceptualization and tax advisory.
Yes. Although a custodian or trustee administers the account, it’s directly managed by the account holder, which is why it’s called self-directed. You must look at the requirements for withdrawing funds and directing it towards a real estate investment in Colombia.
Yes, as long as the conditions and requirements established by law and the ministry of tourism are fully complied with.
Short-Term Rentals are classified in Colombia as stays that have a period of less than 30 nights. Any rental above 30 nights is considered a “long-term rental”. For Airbnb and booking.com rentals, or any reservation that is considered “short-term”, it is important to make sure the the property is compliant with the rules and regulations from the ministry of tourism and proper land use. A hefty fine and a shut-down are the likely consequences of non-compliance.
Regulations for short-term rentals in Colombia can vary depending on the specific city or municipality where the property is located. Some of the general regulations include Zoning laws, building regulations and tourist registrations. A fully capable property management company will be able to solve this.
Determining the selling price of a property in Colombia involves several factors, including its location, size, condition, local market trends, and demand. We recommend you research the local market, consider the property features, consult with a certificated real estate company, and hire a property appraiser.