All Forum Posts by: Giovanna Barrantes

Pensionado
• Requires proof of US$1000 per month income from permanent pension source or retirement fund.
• Must remain in country at least 4 months per year.
• Can claim spouse and dependants under 18 years of age.
• Cannot work as an employee.
• Can own a company and receive dividends.

Rentista Residency in Costa Rica
• Requires proof of US$2500 per month income for at least five years, guaranteed by a banking institution, OR a US$150,000 deposit in an approved Costa Rican bank. One amount covers the family.
• Must remain in country at least 4 months per year.
• Can claim spouse and dependants under 18 years of age.
• Cannot work as an employee.
• Can own a company and receive dividends.

Investor
• Investment of US$200,000 in a business.
• Must remain in country at least 6 months per year.
• Cannot claim spouse and dependants under 18 years of age.
• Income allowed from the project.
• Can own a company and receive dividends.

Representante Residency Program - Costa Rica
• Applicant must be director of a company meeting certain requirements, such as employing a minimum number of local workers as established by the labor law, with financial statements certified by a Public Accountant.
• Must remain in country at least 6 months per year.
• Cannot claim spouse and dependants under 18 years of age.
• Can earn an income from the company.
• Can own a company and receive income.

Permanent Residency Costa Rica
• First degree relative status with a Costa Rican Citizen (through marriage to citizen or having a Costa Rican child) OR may apply after three years in another status.
• Must visit Costa Rica at least once per year.
• Cannot claim spouse and dependants under 18 years of age.
• Can work.
• Can own a company and receive income.

Hello Everybody
Costa Rica is the size of West Virginia. 27% of the land in Costa Rica is reserved by the Gov't. Another 25% will never be developed in our life time.
70 million baby boomers will be retiring in the next fifteen years.
10% are expected to move offshore. Costa Rica is on the top of the list. Americans/Canadians/Europeans have the same right to own land in Costa Rica. taxes are only 0.25%!
Only four million people live in Costa Rica. Anything with views of the Pacific Ocean will be quite valuable in the future.

Regards
Giovanna Barrantes

Hello
Buying/Owning property in Costa Rica is quite similar to the United States.
Any American can own property in Costa Rica. You have the same rights as a Costa Rica Citizen.
Title property allows you to buy/sell/devevlop/lease/will the property.
A simple title search will show that a property has clear title.
Property taxes are about 0.25% per year. Closing cost are 1.5% of the purchase price.
Costa Rica has no army and elects a new president every four years.
Over 100,000 American have purchased property in Costa Rica

Giovanna Barrantes
Lic Attorney
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Hello Everybody
My name is Giovanna Barrantes. I'm a Lic Real Estate Attorney in San Jose Costa Rica.
I will be more than glad to answer any questions regarding buying/selling/investing in Costa Rica.
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