Residency Petition for Investors in Costa Rica: A Process for Legal Experts
Costa Rica has become an attractive destination for foreign investors, not only for its natural beauty and political stability, but also for the economic opportunities it offers.
If you are considering investing in Costa Rica and wish to obtain temporary residency, it is essential to understand the legal process and the necessary requirements. At Acacia Legal, we have a team of experts to guide you through every step of this process.
Requirements for temporary residence as an investor
To qualify for temporary residency as an investor in Costa Rica, you must demonstrate a minimum investment of USD $150,000 in real estate, registrable property, shares, securities, and productive projects or projects of national interest. This amount has been recently reduced, as it was previously USD $200,000.
In addition to the investment, it is necessary to comply with a series of additional requirements.
Required Documentation
- Request for legal residency: This document must indicate the qualities of the interested party, the claim, the current address and a place or means for notifications. The application must be signed by you in the presence of a public official or authenticated by an attorney.
- Proof of payment: A payment of $50 must be made in favor of the Government of Costa Rica, which corresponds to the request for legal permanence under the category of temporary resident, in accordance with article 255 of the Law.
- Payment of tax charges: In accordance with the Law for the Financial Balance of the Public Sector, a payment for tax charges must be made. The specific amount varies and is determined by the Immigration Department after processing the application.
- Photographs: Two recent passport size photographs are required.
- Birth Certificate: A birth certificate issued in your country of origin, duly legalized and authenticated or apostilled, must be presented.
- Criminal Record Certification: A criminal record certification from your country of origin or from the place where you have legally resided in the last three years is required. This document must also be legalized and authenticated or apostilled in the country from which it was issued. In addition, you must prove that you entered and stayed within the country legally, by means of a certified copy of the corresponding immigration document.
- Photocopy of passport: You must include the pages of your passport where your personal data, the entry stamp to Costa Rica and the entry visa, in case your nationality requires it. These copies must be certified by a notary public.
Additional requirements for dependents
If you wish to include your dependents on the application, in addition to the above documents, you must submit:
- Marriage certificate for your spouse, duly legalized or apostilled.
- Application for minor children submitted by the parents.
- Medical certification for older children with disabilities, along with the certification of guardianship issued by a judge, if applicable.
Documentation according to type of investment
Additionally, you must complete the process with the specific documents according to the type of investment made, as stipulated in article 89 of the Immigration Regulations.
At Acacia Legal, as experts in Immigration Law, we understand that the process of obtaining residency as an investor can be complex and overwhelming. Our team of lawyers is here to assist you at every stage of the process, ensuring that your application meets all legal requirements and is handled efficiently.
Contact us today for a consultation and let our experts guide you to a successful residency in Costa Rica.
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