Investing abroad is a hidden option, especially for 2023, in conditions of a possible economic recession, constant inflation and depreciation of the Colombian peso.
The United States is one of the first options for investment, but there are other alternatives that offer attractive and safe returns for Colombian individuals and companies wishing to invest, whether in real estate, business, stock market, etc.
One of them is Spain, because it occupies a strategic geographical position on the world map, connecting Europe with the rest of the continents, and offers legal, legal and migration security.
Madrid has become the preferred choice for many Colombian businessmen and workers, as an additional monthly income in euros has a good effect on their finances and helps to expand their knowledge of the volatility of the international market.
When purchasing an asset or investment, Colombians can use a Golden Visa. A law passed by the Spanish government in 2013, which allows investors whose investments exceed 500,000 euros in real estate or 1 million euros in a Spanish company or investment fund or, finally, in a bank deposit, to obtain a residence permit.
The application processing time is fast, about one month, and a residence permit will also be granted to their direct family members and dependents.
According to Goy Gentile, Colombians are leading among the Latin American population in the number of applications for this visa in Spain: in recent years, this figure has amounted to about 600 families.
In addition to granting a residence permit on the territory of the country, the «golden document» provides various advantages that, prior to its entry into force, only residents of the countries providing it could use. Among the guarantees are the opportunity to leave Europe for a long time, the acquisition of Spanish citizenship through residency and obtaining a work permit for both the investor and his family members.
According to Eja 21, Lisbon, Madrid and Barcelona were the most attractive European cities for real estate investments in 2022.
On the other hand, the Spanish market has created a legal and economic framework that promotes the creation and development of activities of foreign investors. A Spanish company can be fully controlled by foreign capital and directors.
