Costa Rica, News, Recidency | July 10, 2021

Project to attract residents to Costa Rica signed into law

A project that will lower the minimum required investment to obtain Costa Rica residency has been signed into law by President Carlos Alvarado. Project 22.156 will reduce the minimum capital investment for Costa Rica residency from $200,000 to $150,000. In addition, the law includes incentives such as the tax-free importation of vehicles for personal or family use and a one-time...

Costa Rica, News, Recidency | July 10, 2021

Costa Rica incentivizes residency for retirees and foreign investors

The Government of Costa Rica signed a law that reduces to $150,000 the amount that retirees and foreign investors must inject into the financial system to reside in the country, a measure that seeks to stimulate its pandemic-hit economy. “What this law achieves is to create the conditions so that these people can come to the country, bring their investments...