How to Become a Resident of Costa Rica – Part 2
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!
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