24/08/2012
Relocating to Costa Rica just got even easier!
Especially if you are going to apply as a "Rentista"
The Rentista monthly income requirement is US$2,500. The exact same amount of US$2,500 per month applies to all applicants, whether or not the applicant is single, married, or married with children.
The new requirement is that applicant must prove the ability to receive $2,500 monthly income for 24 months (2 years), instead of the 60 months (5 years) mandated under the prior requirement. The income can be proven by a bank letter stating the applicant has an account with a balance of at least US$60,000.
Inversionista – Investment Amount (important changes)
The investment made must have a registered or verifiable value of at least US$200,000 (Two Hundred Thousand dollars).
Type of investments: The investment can be made in any type of business, commercial real estate; and (new) non-commercial real estate.
Non-Commercial Real Estate (new): This type of investment can include the purchase price of a home in Costa Rica, and the purchase of land to be preserved for ecological, environmental or watershed preservation purposes.
Return of the Tree Farm Investment (reinstated): The 2012 Reglamento allows an investor to make an investment of at least US$100,000 in a qualified Forestry Plantation project. Typically, the investment is made in a Teak, or similar genus, farm.
Mandatory Membership in “La Caja”
All applicants are required to become members in Costa Rica’s medical system, La Caja Costarricense de Seguro Social, known simply as “La Caja.” The applicant must show proof of membership in La Caja at the time the residency identification card is issued.
For a rentista this means a monthly payment of approx 175,000
