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With the new Pensionado Law coming into effect in March 2010; can we apply for residency now but only move to Costa Rica in 2011 to still benefit from the $600 a month?
Yes, you can apply now. Realize though that you are expected to live in CR for 4 months per year to sustain this residency.
As a pensionado, under the existing law you are also required to exchange the equivalent of $600US for colones each month. When it’s time to renew your cedula, you will be required to show dated receipts with your name on them to satisfy this provision of the law. It would be difficult if you weren’t here.
Can’t you exchange $7200 once a year (or $3600 twice a year) and have the bank issue a receipt at that time instead hassling with $600 every month?
When we first got our residency approved, our attorney said that when we went for renewal Immigration would want to see a reasonably regular exchange of currency. No, I don’t think it has to be exactly $600.00 each and every month, but apparently they do, in fact, frown on once- or twice-a-year exchanges. What’s the practical effect, other than a frown from a bureaucrat? I dunno.
Of course, if you’re actually living here, it’s pretty certain that you’re going to be exchanging $600 a month for colones anyway, so all you need to do is keep the receipts.
We went to the BCR last week for our residency renewal. They didn’t look/ask for any paperwork or receipts at all!
costaricafinca, these stories run the gamut. I, too, have heard of folks renewing cedulas with nary a mention of their proofs of currency exchange. I’ve also heard that some BCR branches require an attorney’s or accountant’s written verification of the exchanges. The rationale for the latter is that the BCR employees don’t have the time to tabulate all the receipts. So who knows . . .
David, I didn’t ‘hear’ anything.
We were not asked for anything, other than the $67 each for a 2 year renewal.
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