The Department of Immigration has implemented the reduction to qualify for the Investor Residency Program for US$200,000 down to US$150,000. So, if you plan to purchase a home in Costa Rica or invest in Costa Rica you now have the option to apply for Investor Residency with the reduced investment requirement.
The most common way to take advantage of the investor category is by purchasing real estate because it is very straightforward. You prove that you have invested US$150,000 in Costa Rica and then apply for residency on that basis.
How to Apply for Investor Residency
To apply for Investor Residency, you will need to provide to the Department of Immigration the following:
- Formal application for residency with all the information of the applicant.
- Payment of the Application Fee US$50 plus $200 for change of status.
- Two recent passport-size photographs.
- Birth certificate of the applicant issued in the country of origin duly legalized and authenticated or apostilled.
- Certification of criminal record of the applicant from his/her country of origin or from the place where he/she has legally resided for the last three years, duly legalized and authenticated or apostilled. For this purpose, the foreigner must additionally prove the legality of his/her stay in that country by means of a certified copy of the immigration document obtained within the indicated period.
- Photocopy of all the pages of your passport also showing the stamp of entry to Costa Rica.
- Proof of the investment that was made. In the case of real estate, a certificate of title is issued by the National Registry.
- A property tax certification by the municipal government where the property is located to demonstrate the tax valuation of the property.
- Depending on the situation a CPA certification of the value of the investment may be required.
For more detailed information on the residency application process check out our residency videos.