The Basics of Taking up Residency in Your Costa Rica Real Estate

According to the latest census, there are 3.5resident, you cannot work as an employee with
million residents living in Costa Rica. A majority ofjust your residency status. You can, however,
those residents (two-thirds) live in the capital cityown a business.
of San Jose. So, the question is: Do you want to5. You can drive on your U.S driver's license for a
live where most others live? Or do you want tomaximum of 3 months (90 days.) To be able to
live farther from the grind of the big city? Thenlegally drive in Costa Rica after that 3 months,
you have to ask yourself what kind of Costa Ricayou'll need have a medical exam and then go to
real estate do you want? ...A condo, beach house,the MOP (equivalent to the U.S.A's DMV) to apply
or single-family home? It's a coin toss, I know. Butfor your license. Take your current driver's
no matter which side the coin lands on, you'll win.license, your passport, and cash with you!
Here are some things to keep in mind as you're6. You will need proper documentation to bring
preparing for your move to Costa Rica:your pets with you. Again, this is an area in which
1. Hire a real estate agent, real estate lawyer orrelocation specialists can really help to make sure
Costa Rica land specialist to assist you with theyou have all the required licensing and permits.
purchase of your Costa Rica land. The laws inThe good news is that there isn't a quarantine
Costa Rica are very different than those in theperiod required for your pet.
North America and other countries.7. If you're a foreigner moving with children
2. Hire a relocation company that specializes in(non-Costa Rican citizens), you will need a copy of
international moves. Your consultant will becomeeach child's birth certificate. It's ideal for both
your best friend as you navigate all the littleparents to be present when traveling in and out
"must-do" tasks so that you can relocate in Costaof Costa Rica with children. If only one parent will
Rica without interrupting your lifestyle.be traveling, that traveling parent will need a
3. Unless you're planning on starting with all brandnotarized letter that confirms that both parents
new things, you will need to hire a specializedhave knowledge of the child's trip to / from
moving company that deals with internationalCosta Rica.
relocation.8. Even though the cost of living is cheaper in
4. You must apply for residency status in yourCosta Rica compared to countries in Europe and
home country. You cannot personally do it onceNorth America, you will still need to budget
you're in Costa Rica. The residency statusescarefully. Remember: You cannot be employed by
available for foreigners include "pensionado" oranyone unless you become a permanent resident
rentista. Pensionado is for foreigners who have aor have been granted temporary residency due
guaranteed income of $600 / mo or more.to providing specialized services such as teaching
Meanwhile, the rentista is a residency classificationat a school or working for the government.
for foreigners who have a guaranteed income ofThere are, of course, more details to consider
$1000 or more each month. You'll be given awhen moving to Costa Rica but the above are
residency card that must be renewed biannuallythe biggest hurdles you'll have to overcome. After
once you're granted one of those forms ofthat, it will be smooth sailing and plenty of time
residency. At the time of this renewal, you canfor you to enjoy your beautiful Costa Rica real
also apply for permanent resident status, whichestate and all the perks of living in exotic Costa
will give you all the rights of a citizen except theRica.
right to vote. Note: Unless you're a permanent