Colombia Pensionado / Retirement Visa (M-10)
Colombia COL
Colombia's Pensionado Visa (category M-10) allows foreign retirees and pension recipients to obtain a 1 to 3-year renewable residency visa with a very modest income requirement of approximately three times the Colombian minimum wage. After two continuous years on the visa, holders may apply for a Colombian Resident Visa (type R), and citizenship can follow after five years of legal residency. Colombia's extremely low cost of living, eternal spring climate in highland cities like Medellín and Bogotá, and growing expat infrastructure make it one of Latin America's most popular retirement destinations.
Program Details
- Category
- Retirement
- Processing Time
- 2 months
- Application Fee
- $240
- Minimum Income
- $900/yr
- Minimum Investment
- N/A
- Family Included
- Spouse or partner and dependent children under 25 may be included in the same application as economic dependants
- Path to PR
- Yes — 2 years
- Path to Citizenship
- Yes — 5 years
- Physical Presence
- Must not be absent from Colombia for more than 180 consecutive days or more than 6 months in total per year to maintain residency status
- Dual Citizenship
- Allowed
- Tax Impact
- Spending 183+ days in Colombia triggers Colombian tax residency; Colombia taxes residents on worldwide income at progressive rates up to 39%. Foreign pension income may have treaty protections depending on the source country.
- Renewal Cost
- $240
Minimum monthly income equivalent to 3 times the Colombian monthly minimum wage (approximately $900 USD as of 2025). Income must be from a recognised pension, retirement fund, annuity, or similar passive source.
Key Requirements
- ✓Proof of permanent monthly income from a pension, retirement fund, or annuity of at least 3x the Colombian minimum wage (~$900/month USD)
- ✓Official pension certification or benefit award letter from issuing institution
- ✓Valid passport with at least 180 days remaining validity
- ✓Clean criminal record from home country (apostilled)
- ✓Health insurance valid in Colombia with coverage for the applicant and any dependants
- ✓Proof of accommodation in Colombia