Eliminate income tax in a tropical paradise
Costa Rica residency allows you to enjoy a tropical paradise while paying no income tax. As a resident of Costa Rica, you’ll only be taxed on income earned within the country’s borders. This is because they have a territorial tax system. You won’t have to pay any wealth tax, inheritance tax or capital gains tax either, which means there are multiple ways for you to keep more of your own money. Residency in Costa Rica lets you live in a tax-friendly country that also offers a great lifestyle. Their overall business friendliness is ranked #12 globally by Forbes Magazine.
Benefit from The blue zone lifestyle
The term “blue zone” refers to a region in the world where people live longer than average. The Blue Zone Project was founded by Dan Buettner. Buettner studied these areas and identified why people live so long there. He found that one of the major factors is that many people over 100 years old are still active and engaged, working well into their old age.
Costa Rica, especially the Nicoya Peninsula, is classified as a blue zone. There are many reasons for this, but it comes down to four key ingredients:
- Access to healthy food (Costa Rica is blessed with fertile soil for growing fruits and vegetables).
- Access to quality healthcare (Costa Rica has one of the best healthcare systems in Latin America).
- A sense of purpose, often from doing volunteer work or helping others (Costa Ricans have a reputation for being some of the nicest people on Earth).
- A strong social network (families are close-knit and neighbors tend to get along very well here).
Costa Rica residency will give you the benefit of living in a Blue Zone country.
Access to a healthcare system ranked the best in Latin America
Costa Rica has the highest life expectancy in Central America and the Caribbean. This is in large part thanks to its healthcare system. The country’s infant mortality rate is lower than that of any other country in Latin America, and it has one of the highest literacy rates in the world, with an impressive 97% of its adult population being able to read and write. Costa Rica has better healthcare than neighbouring countries like Nicaragua and Honduras.
The Costa Rican government operates a universal healthcare system that offers free medical care to all residents. In addition to their public health services, there are also many private hospitals available throughout the country. When you get Costa Rica residency you’ll pay a small amount every month to benefit from Costa Rica’s health care system. Costa Rica also has the best private hospitals in Central America. Hospitals like CIMA in Escazu offer standards of care better than Europe and the US.
A safe and friendly environment
Costa Rica is known for its hospitality. You’ll find that the people there are friendly and welcoming. You can expect to feel safe and comfortable. Costa Rica is also one of the safest countries in Latin America, with low rates of violent crime. And when you do come across police, they’re friendly, respectful and helpful.
When you get Costa Rica residency you can take advantage of miles of coastline on both the Pacific Ocean and Caribbean Sea as well as mountains covered in lush vegetation with countless rivers running through them. Many folks who travel through Costa Rica for vacation end up making it their home because they can’t imagine living anywhere else!
Access to two coastlines
If you love the water, Costa Rica is the perfect place to settle down. The country sits between the Caribbean Sea and Pacific Ocean. This means there are plenty of opportunities to enjoy your favorite water sports on both coasts. From surfing and scuba diving in Coronado on the Pacific side to paddleboarding and snorkeling in Cahuita on the Caribbean side, you’ll never run out of options when you get Costa Rica residency.
Not only that, but Costa Rica is home to stunning beaches. There’s something for everyone, from uncrowded black sand beaches in Guanacaste to pristine white sand beaches in Puerto Viejo. With over 800 miles of coastline, you won’t have trouble finding a spot that suits your needs.
180 days of sunshine
If you’re looking for a fresh start, sunshine will do wonders for your mental health and physical state of being. The sun is a potent source of Vitamin D, which helps with calcium absorption, immune function and mood regulation. Plus, it just feels good to be outside in the sun.
Costa Rica has 180 sunny days per year on average. That means you’ll have plenty of opportunities to catch some rays in between all the things that this country has to offer. Even during rainy season, at least part of the day will be sunny.
Surrounded by nature, adventure and beauty at every turn – Pura Vida!
Costa Rica is home to some of the world’s most incredible nature. You can zip-line through the cloud forest in Monteverde, go white water rafting on Río Pacuare, bike through the countryside, trek through Corcovado National Park and discover some of Costa Rica’s rich biodiversity. If you prefer to take it easy, there are also plenty of beautiful beaches and national parks where you can relax and enjoy nature. And let’s not forget about all of Costa Rica’s volcanic hot springs that are dotted throughout the country!
The best part is that most of these adventures can be done in just one day from either San José or from your local town or city. When you have Costa Rica residency you’ll be able to take advantage of paying discounted prices at local nature attractions.
Central location, with frequent flight service to/from North America and Europe
- Costa Rica is more centrally located than many other countries in the world, and frequent flights make it easy to travel with ease to and from North America and Europe.
- The country has two international airports that are major hubs for direct flights to North America and Europe. Additionally, the domestic flight network can get you from one side of the country (Pacific Coast) to another (Caribbean Coast) in less than an hour.
- Small size means shuttles and trains can get you around easily, including across the border into Nicaragua or Panama for a day trip or quick weekend excursion.
If you plan to get Costa Rica residency, you’ll be able to travel back to the US and Europe easily.
Economically stable with a high standard of living ranked higher than other larger countries in Latin America and the Caribbean.
Because of its great political and financial stability, Costa Rica has a thriving economy with a high standard of living. The United Nations Development Index ranks it much higher than other larger countries in Latin America and the Caribbean. It is one of the most stable countries in Latin America and the Caribbean and enjoys some of the world’s highest levels of social progress, including basic education and literacy rates. Those with residency in Costa Rica will find that prices are higher than in other Central American countries. However, most believe that the higher standard of living justifies the extra expense.
No language barrier – English is widely spoken in Costa Rica!
Costa Rica can be a little intimidating for those who do not speak Spanish. When you get Costa Rica residency, you’ll want to learn some Spanish. In saying that, Costa Rica is the most English-friendly country in Central America. Many expats live there for decades without learning Spanish.
For starters, English is the second official language of Costa Rica and is widely spoken throughout the country by locals. While residents are required to learn Spanish in school, they also begin learning English at a young age too so both languages are taught at every grade level in schools around the country.
The same goes for business and tourism—English is used alongside Spanish because it’s such a popular second language option. This means you’ll encounter fewer language barriers while traveling around Costa Rica than elsewhere in Latin America or Central America.
There are many reasons why anyone should choose to make Costa Rica their home.
There are many reasons why anyone should choose to get Costa Rica residency. It’s a beautiful country with warm and friendly people who are proud of their heritage. The country is safe, the cost of living is reasonable, the weather is great and there are many activities to enjoy. Residency in Costa Rica can be obtained very easily, and this makes it an attractive place for a retirement home.
Types of residency in Costa Rica are:
Rentista Residency in Costa Rica
Costa Rica Residency by Investment
Applying for residency in Costa Rica can take some time like many things in Latin America, however once you file your application you’re able to stay there as a resident until you get your residence card.
How do you get residency in Costa Rica?
Costa Rica residency laws are straightforward. You apply to the immigration department under one of the available categories such as pension income (Rentista), investment or through a family member.
How long does it take to become a Costa Rican resident?
Obtaining residency in Costa Rica can take up to one year to be processed/ You can remain in the country until your application for Costa Rica residency has been processed.
How can I live permanently in Costa Rica?
Once you have Costa Rica residency you can stay for as long as you want. You’ll have to renew your Costa Rica residency either once a year or every 2 years, depending on the type of Costa Rica residency you have.
Can you live in Costa Rica without being a citizen?
Yes, you can live in Costa Rica by getting Costa Rica residency. You can even become a Costa Rica citizen after being a legal resident for 7 years.
We can help get your residency in Costa Rica. There are a number of different ways to get Costa Rica residency, depending on your circumstances. Get in touch with us below to find out more.