In the month of February, 2023, significant changes were introduced by the Costa Rica Government to the Application requirements for the Inversionista (Investor) Category for Temporary Residency. In addition, the long-awaited pronouncement of the Regulations for Costa Rica Law 9996, respecting the Temporary Residency Import Tax and associated tax relief [...]
Many foreigners moving to live in Costa Rica will be coming from countries such as the U.S. and Canada. In those Countries, the general application and the Policy of Enforcement of the Law and Regulations is relatively close to that which is written in the Statutes and Regulations where the [...]
How is the Banking Process for Foreigners in Costa Rica? Banking policy varies from bank to bank in Costa Rica, just as it does in countries like Canada and the U.S. However, generally speaking, banks are more tightly regulated by the Government Banking Regulatory Authority, SUGEF, The General Superintendent of [...]
As with most countries, Costa Rica has some particular laws and requirements to be met for a foreigner to legally work earning a salary, wages, or a commission income. These laws and requirements are designed to protect the Costa Rica citizenry from having unqualified foreigners illegally taking employment [...]
Learn the important issues about moving to and living in Costa Rica. It's important to do your legal due diligence and to know the relevant questions to ask. If you are considering Costa Rica as your new home, consult with someone who has been living your dream [...]
An interesting article appeared in the August 21, 2020, edition of the Costa Rica newspaper, “La Republica”. Two legislators from the National Assembly have proposed some significant changes to the Investor (Inversionista) Residency Category and some tax benefits affecting all of the Residency Categories, including Pension Recipient (Pensionado) and [...]
