Get Residency by Investing in Costa Rica

April 6, 2024
Article

We at Costa Rica Immigration Experts know you love the ‘Pura Vida’ way of life. We are here to help make your move as a new resident of Costa Rica easy and stress-free. The Costa Rican government has made it even more attractive by lowering the investment needed for the Resident Investor category to just USD $150,000. This makes getting a residency permit in Costa Rica easier than ever. Our experienced team will guide you every step of the way through the Costa Rica residency application process. We’ll ensure you enjoy all the great financial and lifestyle benefits of this beautiful place.

Key Takeaways

Reduced investment threshold at USD $150,000 for residency under the Resident Investor category.
Ten-year tax advantages provided by Law 9996 for residency seekers.
Exemptions from import taxes on household items and vehicles, catering to specific resident categories.
Income and property transfer tax benefits, enhancing the financial perks of residency.
Assistance from Costa Rica Immigration Experts for a well-informed and strategic residency application.

Understanding Costa Rica’s Residency by Investment Program

Investing in Costa Rica offers more than growth for your portfolio. It opens a door to life in a serene paradise. We’re here to guide you on getting residency through investment. This is how it works.

Qualifying Requirements for Investor Residency

Costa Rica seeks investors for its business-friendly environment. Investors must put a minimum of $150,000 into real estate or securities. This amount caters to various business interests and goals. After applying, you must show solid proof of your investment. This helps grow the country’s economy.

Residency requirements Costa Rica

A clean criminal record is vital. You also need documented proof of your investment activities. Once you meet these criteria, permanent residency becomes achievable.

Investor Residency Program Costa Rica

Types of Investments Accepted for Residency

Costa Rica accepts a range of investments. For instance, you can invest in real estate or start a business. Investments in the stock market are also accepted. Each option helps you become part of Costa Rica.

Showcasing your investment is crucial. It proves your dedication to the country’s growth. In return, you get a visa and a life full of “Pura Vida”.

Benefits of Obtaining Costa Rican Residency

The residency program offers many benefits, like a welcoming tax system. It supports investors and lets them enjoy their earnings. The inviting business atmosphere is a key advantage.

Permanent residency Costa Rica

Being a resident means embracing Costa Rica’s culture of freedom and life. The country’s natural beauty and dynamic cities offer a unique living experience. It’s more than just staying here; it’s becoming a part of it.

How the New Legislation Affects Investors

Keeping up with Costa Rica immigration laws is essential. New laws like Bill of Law N. 22156 are promising. They could offer tax breaks for expatriates on imported goods. This shows Costa Rica’s drive to attract investors.

These changes aim to draw investors with great views and supportive laws. Costa Rica values and rewards its investors, ensuring a bright future together.

The Process of Applying for Residency in Costa Rica

Starting your journey to get residency in Costa Rica means knowing what’s needed and getting your papers ready. Whether it’s about choosing between temporary or permanent residency, adding family members to your application, or handling the details of the Costa Rica immigration process, being well-prepared is key.

Our goal is to offer a detailed guide to help you gather the right documents. You’ll need everything from apostilled documents to certified birth and marriage certificates. These are crucial for a successful application.

Gathering Necessary Documentation

Collecting the needed documents for residency means getting official documents like criminal background checks and personal records certified. These must meet the requirements of Costa Rican Immigration to be accepted.

You have 180 days to submit all forms, but you can ask for more time if needed. We help our clients use this time wisely, making sure nothing is overlooked.

Navigating the Costa Rican Immigration System

Entering the Costa Rica immigration process begins with getting a “Hoja trámite”. This document confirms your application and lets you stay legally in Costa Rica while it’s being reviewed. But, if you want to drive, you must leave and come back every 90 days to keep your license valid. This driving rule is separate from the residency process.

In guiding you, we also explain the differences between renewing your residency in Costa Rica and staying legal for driving. These have different rules.

Renewing and Upgrading Your Residency Status

After living here for two years with temporary residency, you can seek permanent residency in Costa Rica. This is if you meet all conditions, like making a significant investment in the country. Permanent residency lets you include dependents and work legally.

We support our clients in renewing their residency. We help ensure you meet all requirements for moving from temporary to permanent status. This highlights the commitment to your new home in Costa Rica.

How to get residency from investing in Costa Rica

If you’re dreaming of a peaceful life and smart investment, Costa Rica residency investment options are worth considering. Many people from around the world choose to get residency here to enjoy this stunning place. We at CRIE have been helping clients meet Costa Rica investor residency requirements for years, making it easier to start a new life in Costa Rica.

Costa Rica’s government offers several immigration investment options. Among them is the hot Digital Nomad visa for remote earners. To get this visa, you must earn at least $3,000 USD per month, or $4,000 USD for families. This visa lasts for one year, but you can stay longer if you spend at least 180 days in Costa Rica.

With a Digital Nomad visa, you need $50,000 USD in health insurance but don’t pay local income taxes. Find out more about the Digital Nomad visa at Digital Nomad Visa in Costa Rica.

The cost to apply for a Digital Nomad visa is affordable, at $950 for the main applicant. It’s $550 for a spouse and $350 for each dependent. These prices show how Costa Rica welcomes remote workers and their families.

Duration of Digital Nomad visa: 1 year
Minimum income for primary applicant: $3,000 USD per month
Minimum income for family application: $4,000 USD per month
Min. days required in Costa Rica: 180 days
Minimum medical insurance coverage: $50,000 USD
Digital Nomads: Exempt from local income taxes

Since 2000, CRIE has helped thousands live the pura vida lifestyle in Costa Rica. We help with investing for residency in Costa Rica and guide through Rentista and Pensionado applications. Our skilled team ensures each client succeeds in navigating immigration investment options.

Visa Type	Cost for Primary Applicant	Cost for Spouse	Cost for Dependents
Digital Nomad	$950	$550	$350 each

If you’re interested in investing for residency in Costa Rica, start with our quick 30-second assessment. Begin your exciting journey to Costa Rica today. Let’s check out the many Costa Rica residency investment options together.

Conclusion

If you’re thinking about getting a costa rica real estate investment residency, Costa Rica is a great choice. It has a welcoming business environment, lots of financial perks, and a high quality of life. At Costa Rica Immigration Experts (CRIE), we’ve been helping people get residency permits for over 20 years. Our deep knowledge makes the process smooth, from checking your documents to submitting them.

Getting a residency permit through investment brings many benefits. It makes travel and banking easier. CRIE charges $100 USD per document submission, so you know the cost upfront. However, each residency case is different. The time to process can vary. It’s crucial to submit your documents on time. They should be no older than 6 months.

Costa Rica is known for its beautiful scenery, economic growth, and a chance to start afresh. With our help on costa rica investor visa requirements, you’re on your way to getting the costa rica golden visa. This visa opens up many opportunities in this lovely country. We invite you to start this journey with us. Experience the lively culture and community in Costa Rica.

FAQ

What services do the Costa Rica Immigration Experts (CRIE) offer for obtaining a residency permit in Costa Rica?

CRIE helps you with every step to get a residency permit. They guide you on where to invest and how to meet government rules. They help prepare and file all needed documents. They also assist with legal steps and getting an investor visa. The team supports you from your first investment to getting your permanent residency.

What are the requirements for living in Costa Rica as a resident through investment?

You need to invest at least 0,000 in Costa Rica’s economy. This investment can be in real estate, stocks, or a business. You’ll need to show proof of your investment and have no criminal record. Also, you must follow immigration laws, including staying at least one day a year in the country.

How do I apply for a Costa Rica residency permit via investment?

Start by making a qualifying investment in Costa Rica. Collect needed documents like proof of investment and a criminal background check. You also need birth and marriage certificates. CRIE will help you prepare and submit your application to the Costa Rican authorities.

What are the qualifying requirements for Investor Residency in Costa Rica?

To qualify, invest 0,000 in Costa Rican real estate, stocks, or a corporation. You also need a clean criminal record. Plus, you should visit Costa Rica for at least one day each year.

What types of investments are accepted for residency in Costa Rica?

You can buy property, invest in a Costa Rican company, or in the stock market for residency. Your investment must be officially recorded in Costa Rica.

What are the benefits of obtaining Costa Rican residency through investment?

Residency in Costa Rica means living in a country with a high life quality. It offers human rights protection and rich nature. You’ll enjoy good tax conditions, a welcoming business climate, and can get permanent residency after three years.

How does the new legislation affect investors seeking residency in Costa Rica?

The new Bill of Law N. 22156 may offer tax breaks for investors. These include importation exemptions for household items and cars. It might also lower the required investment. This makes investing in Costa Rica more attractive.

What documents are necessary for the residency application process in Costa Rica?

You’ll need proof of investment, a clean criminal record check, and your birth and marriage certificates. These documents should be properly certified by the Costa Rican Embassy or Consulate.

How do I navigate the Costa Rican immigration system during my residency application?

Get a “Hoja trámite,” a confirmation of your application submission. It lets you stay in Costa Rica while waiting for approval. For driving, make sure your passport is stamped every 90 days.

Can I renew and upgrade my residency status in Costa Rica?

Yes, you can renew your temporary Investor Residency after two years. After three years, you can apply for permanent residency. This includes your spouse and kids under 24. CRIE will help with both renewing and upgrading.

What are the steps to get residency from investing in Costa Rica?

First, pick a qualifying investment. Then, meet the investment criteria and submit all required documents. Stay compliant with Costa Rican immigration rules. CRIE offers a quick assessment on their website to start your application.

What options are available for investing in residency in Costa Rica?

You can invest in real estate, buy shares in a local company, or in the stock market. Make sure your investment is at least 0,000. CRIE can help pick the best option for your goals.

What are the residency permit costa rica for investors after obtaining their residency?

Once you have your residency, you can enjoy living in Costa Rica. This includes easy entry without a tourist visa, owning property, and starting a business. You’ll benefit from the country’s stability, growth, and possibly better taxes than back home.

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