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Buying property in Colombia as a foreigner: requirements, taxes and costs

What a foreigner needs to buy property in Colombia: Key requirement, Tax ID, Purchase costs. 11 projects under construction with 3D tours.

Can a foreigner buy property in Colombia?

Key requirement
Passport or foreigner ID + proof of lawful source of funds
Tax ID
RUT (via DIAN) — required for most transactions
Purchase costs
Notary ~0.27% + VAT · registration 0.5–1% · local levy 0.3–1%
Non-residents
Taxed only on wealth/assets held within Colombia

Source: wise.com, gestionlegalcolombia.com

Frequently asked questions

Key requirement when buying property in Colombia

Passport or foreigner ID + proof of lawful source of funds

Tax ID when buying property in Colombia

RUT (via DIAN) — required for most transactions

Purchase costs when buying property in Colombia

Notary ~0.27% + VAT · registration 0.5–1% · local levy 0.3–1%

Non-residents when buying property in Colombia

Taxed only on wealth/assets held within Colombia

11 projects under construction in Colombia

Compared: buying as a foreigner across the index's 12 countries

Main requirement for foreigners and listed projects, by country
CountryKey pointDetailProjects
Argentina No restrictions Same terms as an Argentine citizen, no prior visa needed 19
Mexico Restricted zone No direct title within 100km of a border / 50km of the coast 13
Spain Key requirement NIE tax ID — required to sign a deed or apply for a mortgage 2
the United States No restrictions No residency, citizenship, or SSN required to buy 25
Uruguay No restrictions Same rights as a local citizen, no prior residency needed 4
Panama No restrictions Same terms as a Panamanian citizen, no local partner or quotas required 16
Colombia Key requirement Passport or foreigner ID + proof of lawful source of funds 11
Paraguay No restrictions Same rights as a Paraguayan citizen, no residency or special visa 7
Peru No restrictions Same property rights as a Peruvian citizen, no prior residency (except within 50km of a border) 2
Ecuador — — 0
Costa Rica — — 0
the Dominican Republic No restrictions No prior residency or citizenship required to buy 2

Editorial content with cited sources. This is not legal or tax advice. Rules change: always confirm with a local professional before transacting.