Costa Rica is a popular destination for those seeking a new home, whether it’s for retirement, a change of scenery, or a new adventure. However, before you pack your bags and book your flight, it’s important to understand the requirements for residency, immigration, and relocation in the country. In this article, we’ll cover each of these three key points in detail to help you prepare for your move.
Residency Costa Rica Requirements
If you’re interested in living in Costa Rica long-term, obtaining residency is a must. Getting residency in Costa Rica offers several benefits, including access to public health care, the ability to legally live and work in the country, potential for lower taxes and the ability to enjoy a high standard of living with a relaxed, tropical lifestyle.
There are several different types of temporary residencies available, including:
- Pensionado (Retirement): This residency is for retirees who can prove a monthly income of at least $1,000 from a pension or retirement fund.
- Rentista: This residency is for individuals who can prove a steady monthly income from sources outside of Costa Rica, such as rental income or investments. The minimum monthly income required is $2,500 and $60,000 must be invested in Costa Rica.
- Inversionista (Investor): This residency is for individuals who make a significant investment in a Costa Rican business or real estate. The minimum investment is $150,000.
- Digital Nomad: This newly offered residency is for those who can work remotely in Costa Rica and earn online via their home country. A minimum consistent income of $3000 per month must be maintained.
- Trabajador (Worker): This residency is for individuals who have a job offer from a Costa Rican company.
No matter which type of residency you choose, you’ll need to submit a number of documents and attend an in-person appointment in Costa Rica to complete the residency process. Documents need to be issued within six months before application is made and be apostilled in your home country (or verified otherwise, if the country has not signed the Hague Apostille Convention.) The residency application process in Costa Rica generally requires the following:
- Proof of financial stability (e.g. bank statements, pension income, rental income)
- Criminal background check
- Health certificate
- Proof of health insurance
- Application form and fee
- Proof of residence in Costa Rica (e.g. utility bill)
- Notarized power of attorney (if applicable)
- Supporting documents (e.g. marriage or birth certificates)
It’s important to note that requirements may vary based on the type of residency being applied for and the immigration authorities may request additional documents at their discretion. It is essential to retain an experience, reliable and trustworthy notary or legal firm in Costa Rica to assist you with the residency application process. Not only will this investment mitigate stress and streamline your experience, but it will save you time and energy that you can use towards the logistics of your move and enjoying your time in Costa Rica.
Immigrating to Costa Rica
Once you’ve obtained residency, the next step is to complete the immigration process. The immigration process is typically completed within a few months, but it can take longer if there are any issues with your application. Finalizing immigration involves obtaining a Costa Rican ID card, known as a cédula, and a visa that allows you to enter and exit the country freely. Another necessary step to complete immigration includes registering with the healthcare system and starting your payments to the CAJA for local medical coverage. Immigrants may wish to maintain any private healthcare insurance to augment their healthcare while living in Costa Rica. Applying for a driver’s license in Costa Rica is also important in order to drive freely without issue as well as be covered by car insurance. Lastly, once you obtain residency you can establish a full banking profile in Costa Rica like opening different accounts for personal and business activities (if applicable) and applying for a local credit card.
It’s important to note that obtaining residency and immigration status in Costa Rica is an ongoing process. You’ll need to renew your cédula every two years and your visa every five years. Additionally, you may be required to submit additional documents and attend in-person appointments as part of the renewal process.
Costa Rica Relocation
Some people choose to relocate to Costa Rica at the time of residency application. If you haven’t already relocated fully by the time your residency is approved, it’s time to start planning your actual move to Costa Rica. This can be a daunting task, but with careful planning and preparation, it can also be an exciting and rewarding experience. Regardless of when you choose to land in Costa Rica here are some tips to help you get started:
- Research your destination: Before you move, it’s important to research the area where you’ll be living. This will help you get a feel for the culture, climate, and lifestyle in your new home.
- Hire a relocation specialist: Relocating to a new country can be complex, so it’s a good idea to hire a professional to help you with the process. A relocation specialist can assist you with everything from finding a place to live to getting settled into your new community.
- Start planning early: It’s never too early to start planning your move. Start by researching flights, transportation options, and rental properties. You should also start thinking about what you’ll need to bring with you, such as clothing, household items, and personal belongings.
Moving to Costa Rica is a big decision that requires careful planning and preparation. By understanding the residency requirements, immigration process, and the logistics of relocation, you’ll be well on your way to starting a new chapter in your life in this beautiful and vibrant country!