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Foreigners in Costa Rica, to which has been approved the application for residency, permanent or temporary, have to, once being notified of the resolution, subscribe themselves at the local Social Security.
The amount to be paid will depend on the amount mentioned in that resolution. Residents 'retired’ have to report at least an income of $ 1,000 monthly and $ 2,500 for renters. Payments may vary between 10. 5% and 18.5% of the monthly income.
In my opinion it is more favorable to obtain the residency as an investor avoiding high social security payments
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 Our Lawyers in Costa Rica provide their clients with the services of fluently speaking English attorneys specialized in immigration and relocation assistance. Our attorneys supervise the cases directly, and are deeply involved throughout the process that will lead to obtaining residency and, if desired and applicable, permission to work legally in the country. Costa Rica offers foreign citizens an array of options in terms of residency.
In general terms, for the approval of a residency application, it is crucial for the beneficiary to demonstrate enough means to initiate a business activity in the country or to show to the government a strong financial basis (either in Costa Rica or abroad). The different residency regimes available in the country can be referred to as follows:
General Requirements
Birth Certificate, Police Certificate, Marriage Certificate (in case of application for residency as a couple), Fingerprinting.
Foreign documents:
All documents originating abroad require authentication by the Costa Rican Consulate located in the issuing country. Costa Rican Consulates are divided into jurisdictions. In the majority of cases, Consuls will not legalize or authenticate documents not issued by authorities in their jurisdiction. In the United States, specific consulates serve certain States. Consult the Consulate nearest to the place of issue of the document for procedures, office hours and fees for each specific document.
We strongly recommend to have the translations done in Costa Rica.It will be cheaper and this way you avoid paying the legal stamps ($40 each).
Resident Annuitant and Resident Pensioner Regimes
These two regimes are especially appealing since the process is much more agile when compared to other types of application They allow for a fast and positive outcome for residency applications based on (i) receiving a monthly income of no less than $1,000 for at least five years, in a permanent, irrevocable and constant manner (in the case of the resident annuitant status) or (ii) receiving a life pension of no less than $600 (in the case of the resident pensioner status), pension that we recommend to come from a government entity. In both cases, the beneficiary would be able to establish his own business, but wouldn't be able to be an employee of any third party or company. Additionally in both cases, both the applicant’s spouse and children under eighteen can be covered in the regime.
Company recognition status
This regime permits companies established in the country and with an accounting net worth currently higher than $150,000 to be granted, after filing a series of corporate and legal documents, a specific authorization in the form of a recognition from the Immigration Authorities, permitting to obtain residencies for its foreign employees. This residency will be linked directly to working for the applicant company (the residency allows residence in the country as long as the beneficiary works for such company and only to do so). This status covers the main applicant’s spouse and children under eighteen years old, who are allowed to study but cannot work while in the country.
Permit for Students
This regime grants foreign students a temporary permit to stay in the country.
Temporary Work Permit and Labor Contract Residency
This regime allows the applicant to obtain a work permit or temporary residency based on the existence of a labor contract. The applicant must be able to prove that he has been hired by a local company. A copy of the labor contract and an application by the company.
Entrepreneur's Residency
An amount of $200,000 should be invested in Costa Rica; the investment should have a social goal or be favourable to the development of the country.
As a resident you can with a relatively low monthly amount take advantage of the benefits of the local social security system in Costa Rica; due to the new legislation there will be an obligation to register and pay the social security for each resident.
Once the Residency has been approved by the Immigration Department a $300 deposit has to paid as guarantee to the Costa Rican State.
Our lawyers / Attorneys in Costa Rica with legal service: in San Jose, Escazu, Santa Ana, Jaco, Tamarindo, Malpais, Nosara, Samara, Manual Antonio, Santa Teresa, El Coco, Liberia, Flamingo.
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