Understanding Investor Residency in Costa Rica
The Investor Residency Category in Costa Rica offers an enticing opportunity for foreign nationals seeking a more permanent lifestyle in this stunning Central American haven. This program is designed for individuals who wish to contribute economically and enjoy the delightful culture and landscape of Costa Rica.
Requirements for the Investor Residency Program
To qualify for this residency category, applicants must invest a minimum of $150,000 in a business project within the country. The investment can take various forms, including real estate or developing a business. Additionally, there are financial documentation requirements to demonstrate that the funds have been legally obtained.
Investment in Real Estate
National Registry Certification: A certification from the National Registry in Costa Rica confirming that the primary applicant is the property owner is required. If the property has multiple owners, the applicant must hold a share worth at least $150,000 USD
.Municipality Certification: The property must be registered with the local municipality, and the corresponding taxes must be paid. A certification from the municipality indicating the current value of the property (at least $150,000 USD) and confirming that taxes are up to date is needed. Additionally, if the construction on the property is valued above 135,000 colones (approximately $250,000 USD), the owner must pay the “Luxury Tax” and obtain a certification from the National Treasury confirming the tax has been paid.
Corporate Investment Requirements:
Certificate of Company Standing: A certification from the National Registry with details about the corporation and its participants.
Shareholders Certificate: Issued by a Public Notary, this certificate should indicate the distribution and value of the shares.
Income Certification: A Certified Public Accountant must issue a certification verifying that the primary applicant has invested at least $150,000 USD in the corporation.