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Rentista Inversionista - Large Investor

This category is for people who are planning on making large investments in Costa Rica and therefore will require residency in order to maintain their business.

This category has become one of the most difficult categories to obtain over the years. This for people who are serious about getting into business here in Costa Rica and who are going to be making a sizeable inventment in the country.

If approved for this category, one must remain in the country six months out of the year and if one does not have any legal issues for two years their status can be upgraded to permanent. This category requires the following investments:
1)  $50,000 investment for a government approved tourism or export business
2) $100,000 investment into an approved reforestation project
3) $150,000 to $200,000 into any other type of business or low income housing.

If the investment is in an existing firm then, the applicant will need to submit the company’s latest profit and loss situation which is prepared diligently by a public accountant. Remember one does not need to have residency to operate a business in Costa Rica. Income is allowed from the project that the person is doing and one can own and receive income from a business.

This category may not claim spouse or dependents.

Other important conditions include:
1. Upon approval of the residency, the beneficiary may get involved in business activities but cannot be hired as an employee. APPLICANTS CANNOT WORK!
2. After the grant of residency, the beneficiary must live in the country for at least six months per year (consecutive or staggered) in order to maintain the status.

Renewing Status and Applying for Permanent Residency

New residents will need to renew their status every two years and prove that they have been in the country the number of months required by law. Residents must show receipts as well that correspond with the required amounts that they are told to maintain in the country and according to the number of family members they have living in Costa Rica.

After three years a resident can apply for permanent residency.  With permanent residency one can enjoy all of the rights of a Costa Rican citizen except that  they cannot vote. Basically, in order  to convert the status, a resident must show that they will be contributing to the country in a positive way. Once someone has permanent residency they do not need to be in the country the for the monthly periods, but they are required to visit Costa Rica at least once a year.

 

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