Thursday, March 12, 2009

What does it take to live in Costa Rica?


What does it take to live there?
It's so easy to live there. You can live there without becoming a resident so long as you leave the country every 90 days for 72 hours. We do this most inexpensively by taking a bus to Nicaragua for a 72 hour vacation.
To live in Costa Rica as a permanent resident you can live there as
1. a residente pensionado (retiree), which you need to have proof of a $600-a-month retirement income like a U.S. Social Security check or pension check.
2. a pensionado rentista, which is for those who are not old enough to retire. You must prove $1,000 a month income from an investment such as a certificate of deposit, an annuity or other source of guarantees of at least $1,000 per month, or $60,000 to be deposited in a Costa Rican bank.
3. a rentista inversionista, which is for people wanting to go into business. It requires a $50,000 investmentwith an approved tourism or export business, $100,000 in a reforestation project or a $150,000 investment in to any other type of business.