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Hi there!
This is my first posting, but I have been back to this board quite a few times. My husband and I are looking to relocate to CR in about 4 years. I am dying to go now, but we are waiting until our daughter has gone to university before making such a big move.
I have a question about the work situation in CR. My husband is a COO of a company in Ontario. This position is performed entirely from our home office, allowing him to move anywhere in the world and still be employed. Does this kind of income work for the Rentsida (spelling?) status? I would not have a job, but with his pay being in the $80-$100 000 range make up for that?
When our daughter heads to uni, we will be 34 and 35 years old. We hope to live in the Osa Peninsula, or perhaps around Arenal. Because we are not ready to go yet, I am concerned about real estate prices soaring. Does anyone in the know think they will sky rocket in the next few years?
Thank you very much for your help!
I think that it is safe to say that with your current income you should have no problem if you wait for 4 years. You may want to take a look at this article regarding the new residency laws. It will explain more in detail of what is required, since it really doesn’t have to do with how much you make each year. The other concern is that internet is not always available in all areas, this may be much more inmproved in 4yrs, but I assume that since your husband works from home that he MUST rely on having a reliable connection. Here’s the link that I mentioned above. https://www.welovecostarica.com/members/953.cfm
DebbieFrom the given link: “Within the application process you will be required to provide the Department of Immigration with the following information:
…17. Physical Address in Costa Rica, 18. Telephone number in Costa Rica.”
I don’t understand how a person can file for residency until he/she already resides in the country and has a phone number unless there are people who will let theirs be used. Can anyone explain this?
You can enter Costa Rica as a tourist with a 3 month “visa”, extendable for another 3 months. During that time you will have an address, and presumably access to a phone. With this you can apply for “residency” status, (as opposed to “tourist” status).
You’re only eligible for residency status under certain conditions though. This topic is covered extensively in other posts.
If you are eligible, it’s probably a lot easier to do it while you are a tourist there, rather than trying to get it done remotely from another country. However, there are a number of other documents you must present that you can only get from your home country, like a notarized statement from the police department where you live saying that you’re not a criminal.
First, check out the eligibility though to see if it’s even possible.
The 5 ways I know of are:
Pensionado status – must be of retirement age and have income in dollars.
Pensionado Rentista status – not of retirement age, but have a greater amount of dollars in income monthly.
Investor Status – any age, with gobs and gobs of money to invest there.
Marry a Tico or Tica – That works real good, but there are side effects…
Live as a tourist, renew after 3 months, leave the country for 72 hours every 6 months, then start all over. Lots of people do it.
Getting a job there is another issue though. You can get by teaching English, and you can legally work there if you’re married to a Costa Rican, but otherwise your chances for actual employment are nil. You can go into business for yourself, but that’s a whole ‘nother can of worms.
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