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Residency Process News Update June 21st, 2024

Costa Rica offers several residency options tailored to different circumstances:

  1. Investor Residency:

  • Requires a minimum investment of $150,000 in a Costa Rican business or real estate.

  • Ideal for those starting a business or investing in property.

  • Investment can be in an existing or new business generating at least $2,500 monthly, real estate valued at $150,000 or more, or a Costa Rican company with a capitalization of $150,000.

  1. Pensioner Residency:

  • Requires proof of a minimum monthly income of $1,000 from a pension or retirement source.

  • Geared towards retirees seeking to live in Costa Rica.

  1. Digital Nomad Residency:

  • Introduced in 2020, requires proof of a minimum monthly income of $3,000 from remote work.

  • Designed for freelancers, remote workers, and entrepreneurs who wish to work from Costa Rica.

  1. Other Residency Options:

  • Employee Residency: Available if you have a job offer from a Costa Rican company.

  • Self-Employed Residency: For self-employed individuals or small business owners in Costa Rica.

  • Student Residency: For those studying at a university or language school in Costa Rica.

  • Family Residency: Available to dependents (e.g., spouses or children) of current Costa Rican residents.

Each residency option requires applicants to provide additional documentation such as health insurance and a police record check.

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