Work permission comes before the contract
Check digital-nomad and migrant-category conditions. A visitor visa should not automatically be treated as a route to permanent status.
V: digital nomad. Up to 2 years; beneficiaries possible
Check permitted activityForeign-company employees, freelancers, local employees and owner-directors are different legal scenarios. Company registration does not automatically authorize personally working for that company.
When tax obligations arise
Tax residence
Over 183 days in any 365 days. When the period crosses tax years, residence begins in the second.
Residence ruleRates & limitations
Statutory resident rates: 0–39%. The linked DIAN band explainer is dated 2023; 2026 peso thresholds need the relevant UVT value.
Tax authority sourceRates are marginal: they apply to the relevant slice of taxable income, not all earnings. A foreign client, crypto payment or offshore account does not automatically make income tax-free. Social contributions, VAT, deductions and treaties need separate analysis.
What to bring to a bank
- Passport and immigration-status evidence; local identification number if required.
- Address evidence: lease, registration or utility bill as specified by the chosen bank.
- Tax IDs and tax-residence countries; CRS/FATCA self-certification when requested.
- Regular income evidence: employment contract and recent payslips, or freelance agreements, invoices and statements.
- Origin of savings: statement trail, property sale or inheritance records. For crypto, keep purchase, trade and withdrawal history—not just a wallet balance.
Tax residence is separate from visa type. Account for transfers, banking documents and source of funds. This is a preparation pack, not an account-opening guarantee.
Crypto: country rules, payments & cash-outWork, business & investment
Before buying a business, separately verify debt, licenses, staff, lease, accounts and your residence basis. A purchase agreement does not replace immigration approval. When networking, check the legal entity and counterpart's track record before transferring funds.
Work, business & investment routes