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CARIBBEAN PROPERTY MAGAZINE
Living, Working and Investing in the Caribbean

Caribbean Real Estate and Realtors, homes, houses and beachfront land for sale

OCTOBER caribbean, west indies, real estate, property, land, retiring, moving, relocating, living, working, expats, international living, overseas, abroad, caribbean property magazine, caribpro 2 0 0 7
Issue 9

LETTER FROM THE EDITOR

H O T caribbean, west indies, real estate, property, land, retiring, moving, relocating, living, working, expats, international living, overseas, abroad, caribbean property magazine, caribpro O F Fcaribbean, west indies, real estate, property, land, retiring, moving, relocating, living, working, expats, international living, overseas, abroad, caribbean property magazine, caribpro T H E caribbean, west indies, real estate, property, land, retiring, moving, relocating, living, working, expats, international living, overseas, abroad, caribbean property magazine, caribpro P R E S S
Events, announcements and news
from around the region. Que Pasa?

C O U N T R Y caribbean, west indies, real estate, property, land, retiring, moving, relocating, living, working, expats, international living, overseas, abroad, caribbean property magazine, caribpro F O C U S : COLOMBIA
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working San Andres : An Englishman's Home
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working Banking : For a Pensionado Visa
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working Medellin: A Hotel Restoration
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working Eternal Spring : & Beautiful Women

S P E C I A L caribbean, west indies, real estate, property, land, retiring, moving, relocating, living, working, expats, international living, overseas, abroad, caribbean property magazine, caribpro F E A T U R E S
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working Mexico :Property Discovery Weekend
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working Roatan : Free Glittering Getaways
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working Guatemala : Coffee and Berkeley
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working Venezuela : Vino Novello & Pecorino
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working Climate Care : Carbon for Water
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working Sailing : Tall Ship's Medical Officer
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working Trinidad & Tobago : A Biodiversity

P I C K caribbean, west indies, real estate, property, land, retiring, moving, relocating, living, working, expats, international living, overseas, abroad, caribbean property magazine, caribpro O F caribbean, west indies, real estate, property, land, retiring, moving, relocating, living, working, expats, international living, overseas, abroad, caribbean property magazine, caribpro T H E caribbean, west indies, real estate, property, land, retiring, moving, relocating, living, working, expats, international living, overseas, abroad, caribbean property magazine, caribpro M O N T H
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working Costa Rica, Condos in Belen
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working Fishing and Diving business Cozumel
Caribbean Property Magazine, Real Estate, jobs, relocation, living and working An exotic Colombian Villa for Sale

Keyhole Bay Roatan Honduras

Real Estate and Property in Panama

 

C O U N T R Y caribbean, west indies, real estate, property, land, retiring, moving, relocating, living, working, expats, international living, overseas, abroad, caribbean property magazine, caribpro F O C U S : COLOMBIA

Where to Find a Beautiful Wife and Eternal Spring
By Esteban Rada Ortega

Senor Rada Ortega was recommended to Caribpro.com as a lawyer who works regularly with english speaking immigrants moving to Colombia. He gave us a brief overview of his city and the laws which will effect non-nationals wishing to invest in Colombia.

A famous Colombian saying goes: "If you want a pretty mistress, go to Cali, but if you want a beautiful wife, go to Medellin."

Medellin, once thought to be the most dangerous city on earth, is undergoing a renaissance and now leads the country in a curious duality, as both the fashion and the internet capital of Colombia! One wonders if the fashion industry grew up as a result of the city’s beautiful women.

As a visitor to this vibrant city, you will arrive at the José María Córdova International Airport which is located about 40 minutes drive from the city.

Medellin Colombia

It is the second largest airport in Colombia after the El Dorado International Airport of Bogotá in terms of infrastructure and the third in terms of passenger service.

Discussions are underway to connect the model Medellin metro built in 1995, with the airport, the only public transit subway system in Colombia.

Medellin Transport

Colombian immigration is like any other, official and mystifying. The DAS Departamento Administrativo de Seguridad stamps your passport for 60 days when you arrive in Medellin on your direct flight from any number of directly connected cities, take your pick… New York, USA or Birmingham, England. Your 60 days can be extended by a further 60 days, the law allows foreigners to stay up to 180 days in any one year in the city.

Tourists are now made to feel very welcome and between 2003 and 2006 tourism leapt by 65%. Lonely Planet picked Colombia as one of their top 10 world destinations for 2006.

The infamous cocaine trade has been largely dispersed. Hotels and homes, shopping malls and theatres spring up like new flowers after a hard, grim winter. Net private investment in the city has increased by 300 percent since 1993 when the cartel was finished, and more foreign firms are moving in every day.

Medellin Colombia

As Colombia's primary textile manufacturer for decades, the two million plus citizens of Medellin known as ‘paisas’, are renowned for their hard work and entrepreneurship.

Garments and cloth are made for such private labels such as Tommy Hilfiger and Pierre Cardin, and as much as 80% of some companies output is exported, compared with only 15 per cent 10 years ago. The majority goes to the US which is only us three hours to by air and three days by boat. Their major competitors, the Chinese. are looking at 15 to 18 hours by plane and many days by boat.

Medellin Sunset

In 2002 under the Presidency of Dr. Álvaro Uribe, Colombia began a process of reconstruction in the wake of a diminishing cocaine trade, and its concominant grip of terror. Uribe’s success is now a tangible thing.
IMF Economic Indicators published in September 2006, forecast the Colombian GDP to reach US$149.869 billion for this year, 2007.

Inflation remains below 5% and in March of this year Standard & Poor raised its long-term foreign currency sovereign credit rating on the Republic to BB+ from BB, just one notch below Investment Grade Status. Its estimated that Colombia could reasonably expect to achieve Investment Grade Status "towards the end of 2008 or beginning of 2009".

Medellin Colombia

Colombia is higher than the world average in two significant areas, more than two-thirds of all Colombians live in urban areas including Medellin with a literacy rate of 88%.

So many expat lives start with a brief visit to a new and exotic city, and end with a long term stay. To make life comfortable for the longer stay up to $10,000 USD can be brought into the country in cash. And up to $1500 USD duty free on goods above and beyond personal luggage.

As with most countries, to buy a property, open a bank account or seek or be offered work in Colombia, non-nationals will need a whole slew of permits. But if you invest more than USD 100,000.00 in your new property, you can obtain residency, which after five years allows you to apply for citizenship.

Medellin

And if you fall in love and want to marry, you can. But the legislation can be complicated, mainly if there are previous marriages or small children involved. The best advice you can have is to hire a lawyer who specialises in Family Law.

There are nineteen different types of churches in Colombia who will marry you, as well as civil weddings performed by a public notary or a civil judge of the town council.

Medellin Colombia

The health sector is divided into public and private, the standards of the latter being much higher due to affiliations to clinics outside of Medellin, with better professionals and the latest technology. You must have health insurance when living or travelling in the city, costs for hospitals and drugs are high and you can’t be unprotected, even the health clinics ask for a money deposit.

There is a good social security system and if you spend time in Medellin its well worth applying for a social security number and receiving the extra health benefits that this brings.

In Medellin, a city of Parks emerges like an explosion of art and joy. Explora Park, a 398,000-square-foot science and technology park, a Zen Park, the Park of Lights, with it three hundred 72-foot-tale lit up at night, Wishes Park with a planetarium, a movie theatre, and a music hall where the Medellín Philharmonic is based are all the outward trappings of a city reborn for its paisas and proud of its new

Medellín has long been known as "Ciudad de la Eterna Primavera" (The City of Everlasting Spring), and these days, paisas certainly have a spring in their step.

Medellin Feria des Flores

The best known and not to be missed event each year is the Festival of Flowers, La Feria de las Flores. In August Medellin celebrates the cut flower business. Colombia supplies around 70% of the flowers imported in to the United States.

In a glorious mix of cultural celebration which lasts for a week, the best include the horse parade, the old car parade, and the superb desfile de los silleteros (flower carrier parade).
Medellin Feria des Flores

These spectacles should not be missed, but then neither should the newly sprung city of Medellin.

Caribbean Real Estate and Realtors, homes, houses and beachfront land for sale

Author : Esteban Rada Ortega is a lawyer from the University of Medellin, and an Associate of the legal firm of Fernando Pelaez & Associados, who specialise in Family, Immigration, International and Commercial Law. He writes on the subject of law for a national magazine ‘Nueva’, and has also contributes occasionally to El Mundo, a Medellin newspaper. Esteban speaks Spanish and English.

(Photos of Medellin taken by Esteban)

Yucatan Peninsula Buyer Orientation Email Esteban Rada Ortega

To read more articles from this author, go to 'author' search options at the bottom of this page. You can also search magazine archives by subject, country or date.

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Last Updated On : 23 Feb 2014