Rentista Funding

The easiest way to fund a Rentista Residency Application is to place $60,000.00US per single person, or for each for a husband and wife, and $30,000.00US per minor dependant child, in an account (must be in the personal name of the Applicant, not a Company)at Scotiabank de Costa Rica, S.A. Scotiabank is the most efficient Costa Rica bank in dealing with such Applications, usually having the requisite Rentista Residency letter ready within a couple of days. The funds must be committed for five years, with the best interst rate of return being the Bank’s current CD rate. It should be noted that Scotiabank de Costa Rica, S.A., although having the parent Bank in Canada, the Bank of Nova Scotia, operates as a separate legal entity in Costa Rica. In otherwords, Scotiabank de Costa Rica, S.A., must “stand on its own two feet”, and is not “bank-rolled” by the parent Canadian entity.