How To Become A Resident In Costa Rica

Published by costaricalawyer on 21 July, 2010

Residency In Costa Rica - Types of Residency



Pensionado
'¢ Requires proof of US$1000 per month income from permanent pension source or retirement fund.
'¢ Must remain in country at least 4 months per year.
'¢ Can claim spouse and dependants under 18 years of age.
'¢ Cannot work as an employee.
'¢ Can own a company and receive dividends.

Rentista Residency in Costa Rica
'¢ Requires proof of US$2500 per month income for at least five years, guaranteed by a banking institution, OR a US$150,000 deposit in an approved Costa Rican bank. One amount covers the family.
'¢ Must remain in country at least 4 months per year.
'¢ Can claim spouse and dependants under 18 years of age.
'¢ Cannot work as an employee.
'¢ Can own a company and receive dividends.

Investor
'¢ Investment of US$200,000 in a business.
'¢ Must remain in country at least 6 months per year.
'¢ Cannot claim spouse and dependants under 18 years of age.
'¢ Income allowed from the project.
'¢ Can own a company and receive dividends.

Representante Residency Program - Costa Rica
'¢ Applicant must be director of a company meeting certain requirements, such as employing a minimum number of local workers as established by the labor law, with financial statements certified by a Public Accountant.
'¢ Must remain in country at least 6 months per year.
'¢ Cannot claim spouse and dependants under 18 years of age.
'¢ Can earn an income from the company.
'¢ Can own a company and receive income.

Permanent Residency Costa Rica
'¢ First degree relative status with a Costa Rican Citizen (through marriage to citizen or having a Costa Rican child) OR may apply after three years in another status.
'¢ Must visit Costa Rica at least once per year.
'¢ Cannot claim spouse and dependants under 18 years of age.
'¢ Can work.
'¢ Can own a company and receive income.

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