I've been searching far and wide about this so hopefully someone here can help me out.
I'm a self-employed American, and all my clients are in the United States. Currently, I'm living in Bogota on a tourist visa. I would love to stay in Colombia long-term, so I've been checking out my visa options.
The visa that seems to fit my situation best is the M-11 Rentista Visa, which requires at least 10 times the minimum wage in Colombia per month. I've read that the minimum wage in Colombia right now is about $263, so I would easily qualify. My two potential problems are:
-My income isn't exactly the same every month. While it's always more than the minimum, I'm wondering if not having a fixed income amount could disqualify me.
-I've read from some sources that income doesn't qualify you for this visa, and that it needs to be something passive, like money from rental properties or a pension. Is this correct?
I think I could get around the first problem by setting up an S Corp in the US. If I did that, then I could pay myself a fixed salary from the S Corp. I'm not sure what to do if my income won't qualify me for the visa, though.
Does anyone have suggestions on how to qualify for this visa, or are there alternative options I should look at? I know that I could sign up at a school and get a student visa, but I'd really rather avoid that. I don't need schooling at this point and it would just cost me time and money.
Thanks!