The migratory category known as “rentista” allows you to legally reside in Costa Rica by demonstrating stable income, whether from rents, interests, or dividends. It is a perfect option for enjoying Costa Rican quality of life without needing to work in the country.
How does the rentista category differ from other migratory categories?
- Rentista: Must demonstrate monthly income of $2,500 USD for at least two years (can come from passive income).
- Investor: Must invest a minimum of $150,000 USD in local projects.
- Pensioner: Must demonstrate that they receive a monthly pension of at least $1,000 USD from an official source.
Requirements for Rentistas:
- Verified Income: Bank certification of $2,500 USD monthly for two years or a $60,000 USD deposit in a local bank.
- Medical Insurance: Obtain insurance from the National Insurance Institute (INS) or a private provider.
- Personal Documents: Passport, birth certificate, criminal background check, and sworn statement of dependents, all apostilled and translated.
Obligations of the Rentista:
- Renewal: Every two years, demonstrating the income again.
- Residency: Must stay at least four months a year in Costa Rica.
- Registration: Register with the Foreigners Registry and obtain a residence card.
Steps to Obtain Residency:
- Application for Legal Stay: Personal data and purpose of residence.
- Payments: Application for stay ($50 USD) and Fiscal Stamps (₡125 + ₡2.50 per page).
- Photographs: Two passport-sized photos.
- Certifications: Apostilled birth and criminal background certificates.
- Passport: Certified photocopies.
- Financial Requirements: Document proving $2,500 USD monthly income.
Requirements for Dependents:
- Spouse: Marriage certificate (legalized or apostilled).
- Minor Children: Application made by parents.
- Adult Children with Disabilities: Medical and guardianship certification (if applicable).
Need assistance? At ERP Lawyers, we are here to assist you at every step of the process. Contact us for professional support and to establish your residency in Costa Rica.
