Colombia

Where South America begins…

Location: South America

Currency:  Colombian peso (1 USD = approx 3500 Colombian peso)

Time Zone: GMT -5 (Your 6 pm BJT classes start at 5 am in Colombia.)

Population: 49 Million

​Internet Speed: On Speed Test’s Global Rankings, Colombia ranks 101st in the world, with fixed broadband speeds of 23 down and 12 up. Other studies report much slower speeds. As of 2019, internet must be a minimum of 25 Mbps to be considered broadband, so things are improving. Access to broadband outside of cities remains a challenge.

Visa: If you are American, you can stay in Colombia for 60 days without a visa. If you are wishing to relocate to Colombia, you can apply for a pensioner’s visa with an income of three times the minimum monthly wages (less than $800 USD). The Colombian Consulate offers a great website that indicates what type of visa you can apply for based on your passport and what the requirements are.

Healthcare: Healthcare in Colombia is excellent. Colombia does have national healthcare and it is mandatory for all residents. Like many countries, residents often supplement their national health coverage with private insurance. For those visiting as a tourist, travel insurance is recommended. Check out World Nomads travel insurance

Cost of Living: The low income requirements for the pensioner visa should be some indication of the low cost of living in Colombia. Of course, larger cities will be pricier. Numbeo paints a picture of a very affordable place to live, with rents in the city center averaging approximately $260/month for a one-bedroom apartment.

The information provided in this article is provided purely as a matter of convenience and does not constitute legal or professional advice. Always seek the advice of a qualified immigration attorney before making the decision to relocate.