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 Residency in Costa Rica!

Costa Rica's Standard
Rentista and Pensionado Program

The Rentista and Pensionado program is available to those individuals who can prove a permanent and stable income from investments, pension or retirement benefits. The applicant must live in the country for a period of no less than four consecutive or alternate months, since the date of approval of the status.

1. Pensionado: The Pensionado (Retiree) applicant, must demonstrate a permanent fixed income, from a pension or similar retirement income of at least US $600 per month. The typical applicant in this category, has a government, private sector pension
or social security retirement benefits.

2. Rentista:   The Rentista applicant, must demonstrate a permanent fixed income, of at least US $1,000 per month. Generally, those who seek the Rentista category, do not have a pension source and instead have investment income. To apply for this category, it is necessary to provide proof of the investment and it will generate the US $1,000 per month, required under this program.

As such, the applicant must provide a letter from the bank or financial institution, where the investment funds are deposited, certifying the existence of that income.
It is not required that the funds be held in Costa Rica. The letter can be issued by international banks as well as Costa Rican banks.


The ideal letter issued by the financial institution,
should state the following:


(a) That the recipient will receive at least US $1,000 per month in Costa Rica.

(b)  That the investment generates US $1,000 per month in a stable, permanent and irrevocable manner, for at least five years.

(c) That the financial institution, issuing the letter, will notify the Costa Rican Tourism Institute (I.C.T.), if the condition changes.

 

 

 




 

 

 

 

 

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Welcome to Residency in Costa Rica!

 


Websites You
Must See!



Lani & Rudy's World
Poetry, Spirituality, Art,
Philosophy, Psychic
World Views, Mysteries,
Space, Earth Mysteries,
History of Earth &
Mankind!



Vegas de Santiago
Manufacturer of Fine
Cigars from Costa Rica




CR Cigars
The History of Cigar
Tobacco in Costa Rica,
Cigar Care, Cigar
Tobacco Plantation
in Puriscal.


"Tropical Delight"
Costa Rica Directory
and Market Place!



 

 

 

 

 

 

 

 

 

 

 

 

 

  Costa Rica's Standard
Rentista and Pensionado Status

The application for Rentista and Pensionado status
is filed directly with the Pensionado / Rentista Department, at the Costa Rican Tourism Institute (I.C.T.).  Before the application can be prepared, the applicant must compile all the supporting documentation, that is required as follows:

1. Interpol Background Check:  This step is done, in Costa Rica. The applicant
first fills out an application form, which is addressed to the Department of Public
Security and signed by I.C.T. In it, is a request for the background check, which
requires fingerprinting, in Costa Rica.

The background check, takes approximately one month.

2. Birth Certificate:  You must provide a certified copy, of your birth certificate
and that of your dependents. The certified copy, must be sent to the Costa Rican
Consulate, for your jurisdiction for authentication.

The consulate charges US $40. for each document authenticated. Be advised,
that I.C.T. will not accept any supporting documentation, which has not been
authenticated... by the Costa Rican Consulate.

3. Marriage Certificate:  Certified copy of a marriage certificate if applicable. Also must be authenticated by the Costa Rican Consulate.

4. Proof of Income:  If your source is a government pension, then obtain a
letter from your government, certifying the income. If the income is from a  Bank 
or Financial Institution, then it must issue the letter. All documents, should be authenticated,  by the Costa Rican Consulate.

5. Police Certificate of Good Conduct:  This certification is obtained from
the police department, where you last resided. This certification, also needs to be authenticated by the Costa Rican Consulate. Note that these certificates, 
are only accepted in Costa Rica for 6 months, from the date they are issued.

If  this document expires, while you are pulling together the rest of  the documentation, then you will have to obtain another one.

6. Photographs:  The application requires photographs, and we recommend
that you take at least 20 photographs (10 facing the front and 10 facing the
side).

You will require photographs, for the background search, the I.C.T. application and
for the Department of Immigration, so you might as well get them all at once and
keep them in the file as needed.

7. Translation of Documents:  Once you have compiled all your documentation, all documents, which are in English, must be translated into Spanish. This
procedure, can generally be handled by the Attorney that you have retained, to
process your  application.

8. Sworn Statement:  The Applicant and  Dependent, must appear before a Costa
Rican Notary Public and issue a sworn statement, stating that they agree
to abide by the Pensionado / Rentista law.

This statement, can be prepared, by your legal representative in Costa Rica. 
Once you have all the documentation, set forth above, you are ready to
submit your application to I.C.T.

Generally I.C.T. will only receive applications that are accompanied, with ALL 
the supporting documentation. Keep in mind, that all the original documents that
you submit become the exclusive property of  I.C.T. and will NOT be returned to you.

Once received by  I.C.T. the application goes to the Legal Department, within
I.C.T. who will review all the documentation for compliance. If all is in order, the
Legal Department will forward the application to the approval committee, for approval.

If their are defects in the application, the Legal Department will notify your legal representative of  the defect and request that it be corrected, before
it will submit the application for approval.

If approved, the I.C.T. will issue a formal resolution, indicating the date, on which
the application was approved. The procedures that follow approval, are related to
obtaining the actual picture residency card and are done, directly before the  Department of Immigration.  It requires a prior deposit of US $100, for each applicant
and dependent, to pay for your residency identification card.

 

Costa Rica's Standard
Resident  Investor Status

Resident Investor Status:  Individuals who invest at least US $50,000, in 
a project which has been approved by the Center for the Promotion of Exports (PROCOMER), as a priority investment area, may apply for resident investor 
status.

If the investment is in a non priority investment area, then the investment
required, is US $200,000.  This category, really involves two different steps. 
The first is to qualify the investment, by PROCOMER, to determine if it falls 
within the priority area.

Once this initial process has been completed and the certification issued, 
then you can begin the application process, which is done directly before
the Department of Immigration.


Links:

Guardian Angels CR
Relocation Specialists:

Your mentors in Costa Rica, managing
your move with assistance in the following areas:

* Schools * Homes * Attorneys * Immigration
* International Movers * Pet Transportation * Doctors & Hospitals
* Banking Procedures * Culture Shock Awareness

Aside from finding the right school, we will assist you in
locating the right home  for your family, take you to the hospitals,
the supermarkets, the embassy of your country, assist you
in getting your drivers license, opening a bank account, forwarding
your mail, transporting your pets and household goods,
and everything else your family will need during your move to
Costa Rica. For more information contact Guardian Angels
CR Relocation Specialists  506-293-8142 or 1-877-889-1131

Email: info@guardianangelscr.com
Website:  www.guardianangelscr.com


FirstGov
Index of  U.S. government info for Americans
living and traveling Abroad
 

Costa Rica Legal Net

Melendez & Bonilla Bufete
Law Offices

Costa Rica Law Firm.Com


 



 

 

 

 

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that you have added our reciprocal link.



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 Revised: 19 Dec 2007 12:32:08 -0600