Skip to content

How to get residency from investing in Costa Rica

How to Obtain Residency in Costa Rica through Investing

Relocatees and property investors frequently choose Costa Rica as their new home. Buying property in Costa Rica can be used as a pathway to permanent residency, which is a major incentive for foreign investors. In this essay, we’ll lay out a detailed plan for acquiring Costa Rican residency via the purchase of real estate.

 

The Requirements for the Investor Category

Several requirements must be met to obtain residency in Costa Rica through real estate investment. These include:

  • The purchase of a property valued at a minimum of $150,000.
  • The property must be registered in the name of the investor.
  • The investor must prove they have sufficient income or financial assets to support themselves in Costa Rica.
  • The investor must pass a background check and be in good standing with the Costa Rican government.

It is important to note that these requirements may change over time, so it is always best to check with the Costa Rican government for the most up-to-date information.

 

The Process for Obtaining Residency through Real Estate Investment

The process for obtaining residency through real estate investment in Costa Rica can be broken down into the following steps:

  1. Find and purchase a property: As stated above, the property must be valued at a minimum of $150,000 and registered in the investor’s name.
  2. Gather all necessary documentation: This includes proof of income or financial assets, a background check, and any other documentation required by the Costa Rican government.
  3. Apply: The application for residency through real estate investment can be submitted through a lawyer or a government-approved immigration consultant.
  4. Wait for approval: The approval process for residency through real estate investment can take several months.
  5. Obtain residency: Once the application is approved, the investor will be granted residency in Costa Rica.

 

The Benefits of Obtaining Residency through Real Estate Investment

Obtaining residency through real estate investment in Costa Rica has several benefits, including:

  • The ability to live and work in Costa Rica.
  • Access to the Costa Rican healthcare system.
  • The ability to purchase property in Costa Rica without restrictions.
  • The ability to travel in and out of Costa Rica with ease.

 

Choosing a Residency Company

From working with CRIE in the past, we know that starting your residency preparation with them is simple! After you have made your property purchase of $150,000 USD or more, you will need your original apostilled or legalized documents from your country of origin, such as:

  1. Birth Certificate;

  2. Criminal Record (federal level);

  3. Marriage Certificate (if applicable).

According to the Costa Rican government, all apostilled paperwork must be relatively new and submitted before it reaches six months old and is considered out of date.
Along with your spouse, your children or dependents 24 years old and younger who are not married can be claimed with their apostilled paperwork (#1 and #2) as stated above. Please feel free to complete the rest in capable hands at CRIE.

 

Conclusion

Investing in real estate in Costa Rica not only provides the opportunity for a solid return on investment but also allows for the possibility of obtaining residency in this beautiful and welcoming country. By following the requirements and steps outlined in this article, investors can take the first steps towards securing residency through real estate investment in Costa Rica.

 

-Written by Glenn Tellier (Founder of Grupo Gap)

+506 8500-2085
[email protected]

 

Contact Gap Real Estate today here!

 


Need Residency in Costa Rica? – Click HERE.
Want to invest your money? – Click HERE.
Need to borrow money? – Click HERE.
Would you be ready for a Relocation tour? – Click HERE.

 

 

 

Back To Top
Search

Compare