Fractional Ownership | Yates Cartagena Colombia

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Cartagena, Colombia, is a vibrant coastal city known for its colonial architecture, rich history, and vibrant investment culture. It also boasts some of the most beautiful and pristine waters in the Caribbean, making it a popular destination for yacht enthusiasts. Owning a yacht in an emerging market like Cartagena offers a strategic investment opportunity, providing a foothold in a growing and vibrant region. As a major hub for luxury tourism, Cartagena’s market presents potential for future growth and value. Through fractional ownership, investors can gain access to yacht ownership at an entry level, while also establishing a legal presence within Colombia’s thriving market. This model allows for a unique business advantage, combining the benefits of asset ownership with a position in a dynamic and expanding economy.

What is Fractional Ownership?

Fractional ownership allows multiple individuals or parties to share the costs and responsibilities of owning a high-value asset, such as a yacht. In the case of yacht fractional ownership, buyers purchase a «share» in a yacht, usually in increments ranging from 1/8 to 1/4 ownership. This share entitles the owner to a specific amount of time on the yacht per year, typically in the form of scheduled weeks or days. The major benefit is that the costs, including maintenance, insurance, and crew, are divided among the owners, reducing the financial burden significantly when compared to sole ownership.

For example, a luxury yacht in Cartagena, which could otherwise cost millions of dollars, may be shared by several owners, each contributing a fraction of the price while enjoying access to the yacht for their designated times. The shared model makes it easier for those who desire the yacht experience without committing to the financial or logistical challenges of full ownership.

Colombia offers attractive visa options for foreign investors, particularly those interested in sectors like real estate and business ventures. By investing in Colombia, you can obtain a Migrant (Type M) Investor Visa, which grants temporary residency and the opportunity to establish a business presence in the country.

Our international network combined with local knowledge and experience provide all ingredients to serve the needs of Owners and Captains. The company objective is to offer high level service with transparent pricing keeping your investment up and running.

Investor Visa Requirements

To qualify for the Investor Visa, you must meet specific investment thresholds:

Real Estate Investment: Investing in Colombian real estate with a minimum value of 350 times the current minimum monthly wage (COP 1,300,000 as of 2024), totaling approximately COP 455,000,000 (around USD 113,750).
Business Investment: Investing in a Colombian business with a minimum value of 650 times the minimum monthly wage, totaling approximately COP 845,000,000 (around USD 200,000).

Facilitating Your Investment and Residency

Navigating the legal and administrative processes for obtaining an Investor Visa, opening a local bank account, and establishing a company in Colombia can be complex. Our experienced migration lawyer specializes in assisting investors through these procedures, ensuring full compliance with Colombian law.

Services Provided:

Investor Visa Application: Assistance with the preparation and submission of all necessary documentation for the Investor Visa, including proof of investment and legal source of funds.

Company Formation: Guidance on selecting the appropriate business structure, registering the company, and fulfilling all legal requirements for operation in Colombia.

Bank Account Setup: Support in opening a local bank account, facilitating financial transactions and business operations within Colombia.

Benefits of Our Services:

Expertise: In-depth knowledge of Colombian immigration and business laws to navigate the process efficiently.

Personalized Assistance: Tailored solutions to meet your specific investment goals and residency plans.

Comprehensive Support: End-to-end assistance from initial consultation to the successful establishment of your business and residency status.

By leveraging our legal expertise, you can confidently invest in Colombia, secure your residency, and establish a successful business presence in this dynamic market.