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Is this true?? I just read that for a family of four the rentista residency requires $180,000, not $60,000, on deposit and $3,000 vs. $1,000 monthly income.
I don’t know about the rest of the people in this forum but I have to confess that I am TOTALLY confused about residency now and would encourage you to see expert counsel rather than what is normally anonymous help – and not expert legal opinions – in any Discussion Forum.
Best wishes
Scott Oliver – Founder
WeLoveCostaRica.comScott has a great deal of company in his confused state. Rather than asking here, take his advice and consult a Costa Rican attorney who specializes in residency matters. I think Scott can recommend one or more; if not, I can.
It’s critical to get this right.
Thank you for the advice. Researching this on the internet has left me quite confused. I would very much appreciate recommendations for attorneys that can give me a definitive answer.
The advice from an attorney that yes indeed the law changed in August of 2006. The requirement now is $60K per adult and $30K poer child, so a family of 4 would require $180K to be placed in the 5 year account, with a specific amount being required to withdrawn and converted to colones each month. The amount for a pensionado changed from $600 to $1000 per month. However, Scott is correct, seek advice from a qualified attorney. There are too many horror stories of people trusting just any attorney that was willing or said they were able to handle your residency, only to keep coming back to you saying they needed more money.
My attorney, who does a mountain of residency work, says that the requirement for pensionado status remained at $600 of income per month and that there is no additional income requirement for the dependents of pensionados.
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