Latin America · Andean

Colombia

Cheap, fast M and R visas into a large economy — wrapped around a wealth tax that hits a new resident's worldwide assets from day one, with no grace period at all.

Last verified July 2026136 visa-free destinations

Tax position

Income tax (top): 39%
Capital gains: 15% (ganancias ocasionales, arts. 313/314/316 ET)
Wealth tax: YES — impuesto al patrimonio on residents' WORLDWIDE net assets above 72,000 UVT (~USD 1.16M) at 0.5/1.0/1.5%; the 1.5% top rate is temporary for 2023–2026 and drops to 1.0% above 122,000 UVT from 2027
Inheritance tax: taxed as ganancia ocasional at 15%
Special regime: None. There is no tax holiday and no exemption for new foreign residents.
Territorial: No — worldwide income taxed
CFC rules: Yes
Exit tax: No
CRS: Participating