The Legal Process of Buying a Property in Colombia
As a foreigner, it is always beneficial to invest in Colombian real estate. The Colombian government understands and appreciates foreign investment. So, the country offers all possible facilities to make the entire process of buying a property in Colombia quite easier and stress-free. Whether you are a Colombian resident or a foreigner who wants to invest in Colombian real estate, the buying process is the same for all. The only required document for the foreign investor is a valid passport and sufficient funds for the purchase. However, buying real estate in Colombia will give foreigners a residency permit. Also, based on the type and size of the property you are investing in, you can apply for a 1-year or 5-year visa. Certificate of Tradition and Liberty Once you finalize the right property for your investment and you want to move further in the process of buying it, the very first step is to get the Certificate of Tradition and Liberty. The best way to make the p...