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The New Golden Door to retirement and living in Costa Rica

 

 
 

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The New Golden Door to Retirement and Living in Costa Rica
 

Additional Methods of Obtaining
Costa Rican Residency

 

As we mentioned in the last section, most of the pensionado programs privileges were revoked in 1992, so the only real advantage for becoming a pensionado is to be able to stay in the country legally. Now more and more people are looking at other ways of obtaining Costa Rican residency.

The residency program is for people who wish to reside in Costa Rica full-time but who cannot qualify for pensionado or rentista status. It is also for those who can qualify, but choose not to because some of the advantages were taken away. In the latter case, a $600-per-month pension from an approved source is required.

(1) Residente Inversionista There are several other ways for foreigners to obtain legal residency. As we mentioned in the last section, they can become inversionistas (resident investors) by investing $50,000 in an approved organization such as a tourism or export business, $100,000 in a reforestation project or $200,000 in another type of business. With this type of residency you have to live in the country six months a year.

2) First Degree Relative Foreigners can also claim permanent residency if they have an immediate or first-degree relative in Costa Rica, i.e. a child, spouse or parent (mother or father), brother or sister (in this particular case, the applicant must be single) who is a citizen.
They must also prove they have financial means to support themselves while living in Costa Rica (about $600 per month). Relatives of foreigners who have become Costa Rican citizens are also eligible for residency. In all cases you will be asked to prove your relationship. You can usually work under this category. All the documents required for other residency applications must be provided.

(3) Marriage Marrying a Costa Rican also entitles you to residency. This is the fastest way to become a resident. We personally know of many expatriates who have married Costa Ricans for this very reason. Anyone under this category is not required to prove a minimum foreign income.
In addition, anyone who has lived for several years under another residency category, such as pensionado or rentista, may apply for Costa Rican residency. Many ex-pensionados do this because they can generally qualify for this status easily. With this type of residency you have to visit the country once a year.
As in the other residency categories, you need an application, birth certificate, marital status certificate, police report, several passport photos and in some cases documents proving your relationship to your Costa Rican relatives.

(4) Working Costa Rican Corporation There is a newly added residency status for those who have a working company or sociedad anónima. You must have a minimum number of local employees and provide financial statements. Just having a Costa Rican corporation will not qualify a person for this status.

(5) Residency Under Special Circumstances Residency is sometimes to some people who do not fall into any of the previous categories. Not all people who apply under this category will obtain residency. If there are two people with the exact circumstances, one may be granted residency and the other may have it denied. Since each case is different we suggest you talk to Roger Petersen. He is listed in the section on attorneys in this chapter and has helped a few of his clients obtain this type of residency.

(6) Temporary Residency Residencia temporal is for students enrolled in a university or language school, Peace Corps volunteers and members of affiliated church service groups, employees of foreign firms, employees of many national companies and other categories. Language teachers at any language institute in San José may obtain temporary residency. Others doing jobs that Costa Ricans cannot do are also eligible for this status.
Temporary residency permits are valid for three months to a year and can be renewed. Temporary residents may enter and leave the country as often as they wish, paying the tourists rate of exit tax. Once all documents are correctly presented, temporary permits are approved as quickly as possible.
Because each persons situation is different, the procedure is complicated. All residency programs require mounds of paperwork, so we advise you to consult a lawyer to facilitate this process. To find a competent, trustworthy attorney, go to the ARCR office or see the section in the previous chapter entitled, "How to Find a Lawyer".

 
 
From "The New Golden Door to retirement and Living in Costa Rica" by Christopher Howard. ALL RIGHTS RESERVED. No part of this article may be reproduced without written permission of the authors and copyright owner.
 
     
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