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Here is the part 2 of the series of how to become a resident of Costa Rica:

Business

If you desire to start a business in Costa Rica, the minimum investment is US $200,000. This is another option where you can become a resident of the country.

You will be required to remain in the country for at least six months in a year. In this category, you cannot claim a spouse or dependents under 18. But you are entitled to income from the project, can own a company, and receive dividends.

If you are a representative of a company (a Representante), the applicant must be a company director, and employ a minimum number of local workers as established by the labor law, with financial statements certified by a public accountant.

The representative must remain in Costa Rica for at least six months every year. He cannot claim a spouse or dependents under 18, but can earn an income from the company, and can own a company and receive income.

Permanent Residency

Permanent Residency in Costa Rica can be obtained through “first degree relative status” with a Costa Rican citizen. This can be done through marriage to a citizen or having a Costa Rican child. Otherwise, an application for permanent residence can be made after three years in another status.

It should be noted that all residency applications will take 6 to 12 months for approval. Once all documents are submitted, pending the time period required, a person can remain in Costa Rica.

All types of residency require the following documents:

Birth Certificate for applicant, spouse, and all dependent children

Police Certificate of Good Conduct from your last place of residency

Marriage Certificate if your spouse is applying for residency.

Remember these tips and I hope you get approved with your application. Good luck!

Do you want to understand the details to become a resident of Costa Rica? Then, this post is for you.

Becoming a Costa Rica resident is a simple and straightforward process. The requirements are different depending whether you are a retiree living on pension or other income sources or seeking permanent residency. Requirements are also different for those with business interests.

For those who are retired living on government or private pension or social security retirement benefits, you will be required a proof of monthly income of US$1000 or more. This should be a permanent source of income. This category is called Pensionado.

For the Rentista or those living on investment income, you will need a proof of US $2500 per month income for at least five years. This must be guaranteed by a banking institution. Another option would be to choose to deposit a minimum of US$ 150,000 in an approved Costa Rican bank.

Both Pensionado and Rentista are required to remain in the country for a minimum of at least four months every year. He can claim a spouse and dependents under 18 years of age but he cannot work as an employee, Nevertheless, he can own a company and receive dividends.

To become a resident for business or for other purposes, please check out this information:

How to Become a Costa Rica Resident Part 2