Video

Buena suerte. I'm a future client.

Awesome video and thanks for the pointers. I will be retiring in seven years and my wife and I will reside in Medellin 4 to 6 months out of the year. She is paísa from Itagüí so it should be easy enough. However, the tax reporting is something I will definitely need help with, if you’re still in business. I’ve logged your company name and contact information so be on the lookout in the next few years. God bless.

I am surprised you guys think Colombia is much cheaper. Colombia is very expensive specially when compared with USA You guys will understand the real value at the time of emergency Wake up guys, don’t be superficial about your surroundings. Try mindfulness and use it to help yourself All the best guys

How difficult and/or expensive is it to establish legal residency, as a retiree from the US in Colombia? Have you done a video about that?

Leticia is a great place to explore, just bring the mosquito spray.

Thanks great video 🙏

Im moving to Medellin

I hear no mentioning of the political situation since the new President: Petro has taken over.....and how the Venezuelans impact on life in Colombia. I do not know when-what-date you created this video.....$$$finances-taxation-health-care-how-difficult is to open a Bank Account....Rent an apartment??????.....the most important issues to some of us... I would have subscribed to your channel had i obtained what i was searching for....Thanks

Hi, are digital wallets included to be filed in fbar? It doesnt earn interest

Hi Dylan, I am a green card holder living in the US, I have an amount over the threshold in my Bank account back in the United Kingdom where I am still a citizen. Do I need to file an FBAR? thanks

Thanks., Great info

Congratulations on this video! I loved it. Welcome to Columbia.

You definitely have a new subscriber. Thank you for the detailed explanation. Unlike your buddy..😅 I have been aware for the majority of my life that different countries do, in fact, use other denominations of currency. For me, it is understanding the exchange rate as it fluctuates. That is my challenge. Soy ciudadano americano y mi novia es ciudadana colombiana. Ambos esperamos tener pronto la doble ciudadanía. En eso estamos trabajando. Me encanta ver videos sobre Colombia y obtener diferentes perspectivas. Especialmente, cuando se trata de un extranjero del país que habla inglés con fluidez. No me malinterpretes, también me encanta aprender de los lugareños, ¡pero escucharlo de alguien que realmente está viviendo lo que pretendemos vivir es definitivamente una bendición! ¡Muchas gracias por el contenido bellamente articulado! Keep it up, Sir🫡 < I will not take any responsibility for the outcome of Google Translate😂>

I have two brokerage account and I have two bank account in India. I am US tax resident. Do i need to disclose only bank account or all 4 account? Also for filed jointly do I disclose my wife's account as well?

Hello Dylan- I moved to Colombia as a retired Texan- bc i knew that SS income was not going to work in the USA- I worked 44 years-went bankruptcy in 2013 - retired in 2020 the I spent covid in Panama the moved to Colombia-so I looked for Shelter.Food, health insurance - and you can have that, but I'm alone and only have to care for myself so far at 70 yrs old - I don't need a wife or a steady girfriend-but I'm not aggresive either, yes the women are beautiful, but the human condition is the same the modern world over- here in Colombia they are on the cell phones all the time too.

Bogota is too cold for me. Is there a happy medium between the capital and Santa Marta?

So this is just information to provide to the US government, and it's not taxed? If I understand correctly?

Hi There, I emigrated to the United States on a spouse visa in October of 2023, shortly after arriving to usa, I closed my foreign accounts, and opened an account in usa, do I still need to file an fbar for the 2023 tax year?

Hi there! You seem to explain things good. One question I’ve been having a hard time with is me and my Colombian wife have already been married here in the US but when we go back to Colombia we are trying to figure out if they just recognize our marriage from America or should we just get re married there for purposes of me because I want to gain my Colombian citizenship and if so they seem to want me to prove that I’m not married in order to marry her but we have already been married ..if that makes sense?

Stop saying it's cheap. It is not cheap living in Colombia. The cost of living in Colombia has risen due to inflation. You mentioned the exchange rate. Yes, without it, everything is essentially expensive.

Good video. Been living in Colombia (mostly Medellin) for 5 years. One more thing to add to your bureaucracy point: Don't make plans to get anything done on most Mondays. In Colombia, if it's a Monday chances are it's a holiday.

Please be aware that the cost of living in the country is high for locals. The impact of Americans n other expats on housing prices in cities like Medellin is significant , making it difficult for Colombians to afford apartments

Thanks for your videos, Dylan! Very helpful information.

my 2 israelis friends want to go and they are excited, if I did not have kids I ll be there

6. Crime?

We think we may retire in Manizales….

Hi Dylan. Thanks for the video. Very good insight on some of the aspects of living in Colombia! I’m coming to Medellín early October to explore the possibility of living there. A couple questions I have are: 1. Would you have any good information on obtaining a residency visa & starting the process before I arrive? 2. You mentioned the Spanish curriculum for your learning…we’re you doing in-person/instructor-led courses? Thanking you in advance for any info you can share! -Ed

Hi Dylan, Thanks for video. So I read all the comments/questions on this video and somewhere you mentioned "realistically $2000 a month is minimum I would recommend making before moving to a country such as Colombia". Well, most people who decide to move to so called "cheap" countries are retirees. That $2000 USD amount totally changed my view about Colombia as in Canada to be eligible for full monthly pension ( CPP+OAS) is age 65. All you will receive for retirement is $1800 CAD or $ 1300 USD per month. Therefore, Colombia is out of my list. (btw, I am not gonna live in a village/rural in Colombia just because I can live based on $300 per month as still I wanna enjoy my life after age 65) I guess I should look for way cheaper place on earth to have a decent life based on $1300 USD per month. What do you think as a foreigner who lives in so called "cheap" country plus being an accountant/financial advisor? Thanks for your advice.

This is why we have gentrification

I love how americans say expatriates just to avoid to say immigrant... You're only immigrants with privileges!

What about larger tax payors? THis doesnt do much.

Hello Dylan, very informative video. Do you pay income tax in Colombia on your Social Security Benefits from USA if you become a tax resident in Colombia. Thank you very much

you said the annual salary is 200 and some change thats wrong man you mean monthly salary.

Do you know what a Canadian obligation concerning Canada Taxes?

You want to live in Latin America LEARN THE LANGUAGE. in America that cage babies, children and adults, but you expect us to learn English so we can serve you! Truly disgusting.

Aliens coming here... Hummm

So digital nomads that move around can't file for the tax credit?

If you get this tax exemption, would you still have to pay the local income tax?

I met the SPT test in the US by look back last 3 years & filing US non resident tax return taking closer connection (F8840) treaty with my home country. Max valuebof my non US accounts exceeds $10K. Do I need to file FBA?

"Try it out for a few month's" exactly how long did you stay your 1st time in Colombia ? How many different cities did you explore other than Cartagena ?

What about finding a wife in Colombia? Lol

Thank you for the video. Is the foreign tax credit you talked about applicable to someone with a retirement Visa in Colombia receiving only social security?

Hi Dylan, thank you for your informative video! I am a US resident alien that has an international chequing account back in Canada (containing just above 10k). I usually convert my USD to CAD and deposit it into this intl account to exclusively pay off a Canadian loan. I do not have a Canadian source of income. Do I still need to report this account? Thank you!

Well done.Good info.Thanks

Does this apply for a LLC as well?

Helpful video, not only for tax info. Hope you share your perspectives on cultural topics in future videos. Subscribed.

Are social security payments taxable in Colombia?

Dude! Taxes are what I and other aspiring expats need to know about! Not IRS but COLOMBIAN! As you may know, once 180 in the country, you become a resident and obligated to file in Colombia. Given that Colombia also has a worldwide tax obligation, expats need help assessing their exposure before making the move. If you talk to two Colombian accountants, you'll get two different answers. Frustrating!

Hi Dyland, we will like to move to Colombia. My husband needs a Visa I am Colombian. We have filed for visa In Colombia. Not luck. We are back in the States. Will you recomend to go to DC. It was very hard to do it in Colombia. How much do you charge?

Thank you for the video. I did not know about FBAR so I missed filing it for a few past years. IRS hasn’t contacted me. Will there be any penalty if I file for those years now?