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June 08 th 2010

Residency In Costa Rica:

Comparison of Types of Residency

Permanent

Pensionado

Rentista

Inversionista

Representante

First degree relative status with a Costa Rican Citizen (through marriage to citizen or having a Costa Rican child) OR may apply after 3 years in another residency. Requires proof of US$1000 per month income from permanent pension source or retirement fund. Requires proof of US$2500 per month for at least five years, guaranteed by a banking institution, OR a US$150,000 deposit in an approved Costa Rican bank.  Income covers family. $200,000 in any business OR a specified amount of investment in certain government approved sectors. 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 visit Costa Rica at least once per year. Must remain in country at least 4 months per year. Must remain in country at least 4 months per year. Must remain in country at least 6 months per year. Must remain in country at least 6 months per year.
Cannot claim spouse and dependants under 18 years of age. Can claim spouse and dependants under 18 years of age. Can claim spouse and dependants under 18 years of age. Cannot claim spouse and dependants under 18 years of age. (Must process separately) Cannot claim spouse and dependants under 18 years of age. (Must process separately)
Can work. Cannot work as an employee. Cannot work as an employee. Income allowed from the project. Can earn an income from the company.
Can own a company and receive income. Can own a company and receive dividends. Can own a company and receive dividends. Can own a company and receive dividends. Can own a company and receive income.

 

 
 
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