Decree 2371 of December 27 1996 completely reformed the regulations regarding the issuance of visas and foreigners control in Colombia. As an important element to be highlighted of the new regulations, we have a simplification on the definition of Investor for the procedure in order to obtain a permanent resident visa under the subclass of Investor.
The new Decree considers as an Investor the foreigner who makes a Direct Foreign Investment in Colombia * in an amount to be determined by the Ministry of Foreign Relations, and by this way eliminating the subjective classification that the preceding regulation contained, which demanded foreign investment to be done in activities of concern to the country. This decree establishes a new type of visa called the Temporary Interview Visitor, which allows foreigners to come into the country in order to participate in personnel selection processes to be carried out by Colombian entities.
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