How to live in costa rica as a us citizen. Costa rica does not require citizens of the united states to have a visa before entering the country. Then you can stay there for up to 90 days to see if you would want to retire there. Can claim dependents under 18 spouse.
You must register the business doing so by a lawyer the cost is usually around 1000. Residents of the us canada australia france england ireland new zealand brazil mexico and many other countries do not need a visa and can enter and stay for 90 days as a tourist. Becoming costa rican residents through temporary or permanent visas is a viable option.
You can only become a costa rica permanent resident if you have a costa rican blood relation or if you have lived in the country with a temporary residence permit for a minimum period of three years. The only stipulation that you have is to show a valid passport upon arrival. Must live in costa rica at least 6 months per year.
The cost of entry is low with varying investment or pension requirements. Must visit costa rica at least once every year. Citizens with permanent or temporary costa rican residency may enter costa rica via air regardless of where they are coming from and must present the following documentation.
Costa rican living strikes a rare balance between high standard of living the highest in the region and affordability. 1 passport 2 valid dimex 3 evidence caja payments are up to date for each person entering and 4 a completed health pass pase de salud. Must live in costa rica at least 6 months per year.
If you apply for residency in costa rica as a rentista by making a 60000 deposit into a costa rican bank you will obviously have to do the fbar. Citizens do not need a visa to enter costa rica only a valid us. Any us citizen with more than 10000 in non us banks must report their accounts to the us government on fincen form 114 also called the fbar.
If you live in costa rica without your residency and own a company you are still allowed to take money from the business and oversee operations you just cant take up a job that a citizen can do. Costa rica residency takes a fair amount of time so seeking professional help from a lawyer is recommended. The customs agent will want to see a return ticket to grant you entry as well.
The general rule of thumb for monthly living expenses is to allocate. Can claim dependents under 18 spouse.