Colombia, with its growing economy and strategic location in Latin America, is a magnet for international entrepreneurs and investors. The Type V Visa for business is essential for those looking to explore commercial opportunities, attend corporate events, or establish business relationships in the country. This article explains, step by step, how to apply for this visa and the activities it allows you to carry out.
What is the Type V Visa for Business?
It is a temporary visa designed for foreigners who wish to carry out business activities in Colombia without settling permanently.
It is ideal for:
Participating in business meetings. Signing commercial contracts. Conducting market studies. Supervising projects or investments. Opening corporate bank accounts.
Activities Permitted with the Type V Visa for Business
The Type V Visa for business allows you to: Sign Contracts: Legalize commercial agreements with local or international partners. Open Bank Accounts: Set up accounts in Colombian banks, facilitating financial operations. Attend Trade Shows and Business Events: Promote your business and network with other professionals. Supervise Projects: Monitor investments or ongoing projects in Colombia. Establish Companies: Complete the necessary steps to create a Simplified Stock Company (S.A.S.) or other legal entities.
Requirements for the Type V Visa for Business
- Invitation Letter: Issued by a Colombian company, specifying the purpose and duration of your visit.
- Financial Documents: Bank statements or income certification proving financial solvency.
- Valid Passport: With at least six months of validity.
- Travel Itinerary: Includes flight tickets and accommodation reservations.
Steps to Obtain the Visa
- Create a Profile on the Cancillería Platform Start your application online at the official portal (cancilleria.gov.co).
- Upload Your Documents Scan and upload the required documents in PDF format. Ensure they are legible and complete.
- Pay the Consular Fees Make the initial payment for the review of your application and the second payment for visa issuance.
- Receive Your Electronic Visa If approved, the visa will be sent to your email in digital format.
Approval Statistics According to data from Cancillería, the nationalities with the highest number of approved applications are: United States: 22%. Spain: 15%. Chile: 12%. Mexico: 10%.
Benefits of the Type V Visa for Business
Validity of Up to 2 Years: Ideal for frequent visits. Multiple Entries: You can enter and leave the country during the visa’s validity. Ease of Doing Business: Access to financial services, business events, and key contacts.
Common Errors When Applying for the Visa
nconsistencies in Documentation: Ensure all information is consistent between forms and uploaded documents. Lack of Awareness of Permitted Activities: Using the visa for unauthorized purposes can lead to legal issues. Not Consulting Experts: Many rejections occur due to simple errors that could have been avoided with legal advice.
The Importance of Legal Assistance
Applying for a Type V Visa for business requires detailed knowledge of the requirements and processes. Having a specialized attorney ensures that your application meets the required standards, significantly increasing your chances of success.
A Tool for Entrepreneurs
The Type V Visa for business is a fundamental tool for entrepreneurs seeking to enter the Colombian market. From signing contracts to opening bank accounts, this visa allows you to take full advantage of the country’s commercial opportunities.