How to get Residency in Costa Rica
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- čas přidán 19. 06. 2024
- I sat down with my Costa Rican lawyer to discuss how to get residency in Costa Rica
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00:00 Introduction
00:15 Why obtain residency in Costa Rica
00:50 How to obtain residency by investment in Costa Rica
02:25 How to obtain the retirement visa in Costa Rica
03:00 How to obtain the rentista visa in Costa Rica
03:45 Residency through company formation in Costa Rica
04:10 How long is temporary residency valid for in Costa Rica
04:40 How to obtain permanent residency in Costa Rica
06:35 Social Security Taxes in Costa Rica
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Thank you, very informative video.
Great info, thanks!
ALWAYS INFORMATIV AND CURRENT.
KUDOS TO YOU AND KEEP UP THE GOOD WORK.
HOMEY.
Great info! Im considering relocating there and will be working remotely for a US employer. I will be renting a place for a few years then want to get permanent residency. Which type of residency would I need to apply for
For bringing my kids along on the investment program, does it matter if they are older than 18?
I've seen few months ago from a CZcams channel that Costa Rica also offer chi program.
They don't. But yes, there are some people out there selling such dodgy schemes.
How much total cost of organizing a residence visa for a couple under rentista programe?
It's very important to know for people who have temporary or permanent residency but don't spend alot of time in Costa Rica whether they have to pay the Caja all year anyway? And when they sre in the country do they still need to pay extra private insurance coverage? And how does this apply to people over 65??
You do not need to pay private insurance of you do not want, la caja offers health services for free if you are under la caja. For example you have surgery and spent a month in the hospital, if you are under la caja there are no bills to pay, that includes medicines, blood tests everything if you are a worker and are sick and you cannot work you still get paid your salary, I have a co worker that has been sick for cancer the last SIX years and She has got her salary every month during those SIX years and hasen't paid a penny for her treatment, and still She has ver job, Just because She Is under la caja. La caja covers everything, no bills to pay as long you pay you tax for la caja. Ambulance Is free, hoy call 911 and no bills to pay Is free. Onlus One Person pay the caja tax for the entire family, in Costa Rica kids under 18 years old and people over 65 years old do not pay the caja tax. All public hospitals belong to la caja and you find them all over the country also the dentist Is free we do not pay for that service, So caja tax covers all your health needs,.
They also required to pay retirement contribution am i right not only CAJA?
When you are talking about the Social Security Tax, are you talking about the CAJA or is that in addition to this?
Caja
For retirees in a cushy situation with good investments, a couple hundred a month is nothing (regarding the “voluntary” CR social security/healthcare fee.). But those aren’t the people who are looking to retire in 2nd and 3rd world countries, since they aren’t priced out of the USA.
For those with fixed retirement incomes of only social security, looking to survive outside the US, that is a big, on-going chunk of money, particularly if this is a Plan B option, for future use.
What is CR thinking? I wonder if this will be a hit against their retirement program.
Are they offering workarounds for the lower income expat retirees?
Most people seem to heavily underdeclare their income. Obviously not tax advice.
Hello,
Is the residency by company formation Mariela mentions the same type of option as the Panama one discussed in your other video? Or does this program require a monetary investment up-front into the business? How does this program differ from the Panama one to your knowledge?
Thank you!
It needs to be an actual, active business
Thanks.
Would Costa Rican customers/clients be required? It can't deal soley with international clients?
@@drewforest I don’t know. Mariela would know.
Thanks
How long time wise does it take to obtain the different temporary residency's
18 months. If you want fast, rather go for Panama: thewanderinginvestor.com/services/residency-and-citizenship-by-investment/how-to-obtain-residency-in-panama/
With the investment Visa, can it be financed or do you have to pay the entire $150,000?
It cannot be financed locally
@@TheWanderingInvestor ok, thanks. If I wanted to bring my parents and they had 2 older sons that still lived home. Can they get residency as well.
can a felon come to Costa Rica as investor from United State and how to get a citizenship later?
No of his record has a conviction on it. You want to clean it before.
Just to be clear, you state that for a retirement visa, you need $1,000 income per month from a pension or investment. Does that include Social Security? Most Americans who are receiving Social Security would have enough per month to meet the $1,000 requirement.
Yes 👍
Can a person obtain a permanent residency without first the temporary residency?
If you have a Costa Rican child
@@RC94332 What do you make of all the negative talk against Costa Rica as a relocation choice for a host of reasons, even sometimes from expats who live there?
@@dovygoodguy1296 well depends what you’re looking for. Costa Rica is nice but honestly i think it sounds like a nicer place than it actually is…it’s very expensive there, crime increasing, and it’s just a difficult place to live without a good source of income. And it’s overrun with tourists. I like it but i probably wouldn’t choose to live there full time
@@RC94332 Thanks. Have you evaluated other countries as well in this regard? Some places like Barbados are almost prohibitively expensive, while El Salvador and Nicaragua are much easier. On the other hand there are benefits related to countries being part of Mercosur and CARICOM even for legal residents.......
The Caja is a non starter for me
It’s definitely a big negative
It is all about the money. No one ever talks about the "other" requirements. I have $3000 permanent lifetime guaranteed income. Also
I am a convicted cereal killer. Can I get my Costa Rican residency?
I would happily 😊 pay that I'd I have that money that is great
Let me tell you somthing brother is not many people in the USA and other countries have that amount
A better idea is searching for a job in CR, then you get also a residency and even have an income there. Without a job it is difficult to stay there longer.
@@WolfF2022but u cant work there unless its special job that any costa rican cant do so that is too pretty hard to find without any degree.
@@jokuvaa7519 yes, meanwhile I heared this, too.
Sorry, just to clarify, if my old man received a residency via retirement option, hed be able to bring me and Id be able to get residency?
If you qualify as a « dependent »
@@TheWanderingInvestor Ah so that's likely 18 and under I assume
@@mattball7074 it can be more. There just needs to be a strong case for dependency.
Which is why you hire a lawyer rather than winging it 😉
@@TheWanderingInvestor Okay thank you, I'll reach out to a lawyer. Merry (Belated) Christmas.
I'm trying to work on a Precious Metals Storage Company in Isle of Man (get a visa too). Trying to find a viable, secure property & discover type of clientele to market towards. GF and I were pretty sold on the place as a safe bolthole (taxes, asset protection, no real history of war on soil, farmland plentiful, super friendly). Hope your analysis covers the Crown Dependencies some time in the future! Take care
BUT I THINK THATS A LOT OF MONEY....MY 2 CENTS