Further to our blog of December 13th, the resolution that was passed by the government raised the Minimum Monthly Wage by 16% rather than the 13.5% that had been proposed. That increases the Migrant Residential Visa investment requirement to just under $85,000 US, using a conversion rate of 4,800 COP to the dollar. In our view, and many others, this is a positive development, the new five year wait to gain residency aside, because the new guidelines see the investment almost halved. Now is the time to take advantage of this and consider coming to Colombia and the Armenia area is one to put at the top of your list. Our bilingual firm, supported by the team of English speaking professionals we have assembled, is unique. We pioneered this ‘full service” concept as a way to remove worries and stress from the process for our buyers and remain the only firm providing it. We are qualified to assist you with every facet of your move, residential, financial and legal. Contact us for details.