MOVING TO COSTA RICA
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Retirees
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The best place to relocate, live, retire, and invest thanks to its incredible natural beauty, facilities for residency or business, affordable healthcare, stable democracy and economy, and excellent air connectivity.
Surface 51.100 Km2
5.529.000 Inhabitants
Temperature 72º F
Flora and fauna 1.8 km2
Living in Costa Rica
Costa Rica, located in Central America, is renowned for its tropical climate and diverse geography, which includes mountains, rainforests, forests, and beaches. This variety is reflected in its rich biodiversity, with the country hosting 6% of the world’s species, placing it among the 25 most biodiverse countries on the planet. The official language is Spanish, but a large part of the population also speaks English, facilitating exchange with foreigners.
With a life expectancy of 80 years, the country boasts one of the most robust healthcare systems in Latin America. The literacy rate is 97.8%, reflecting a high-quality education system. Costa Rica also stands out for its safety with lower crime rates compared to the regional average. Since the abolition of its army in 1948, the country has invested in education and social welfare, creating a reliable and conducive environment for business, and offering quality of life and security to its investors and residents.
Government System Democratic
Abolition of the army 1948
Catholic Religion
Literacy (97,8%)
Economy of Costa Rica
Costa Rica has recently been classified as a high-income economy, strengthening its position as one of the most attractive destinations for investment and business in Latin America. The country achieved a GDP growth of 5.1 % in 2023 and is projected to grow close to 4 % in 2024, maintaining its positive trend.
With stable economic policies, openness to foreign investment, and a solid legal framework, Costa Rica continues to attract high-tech companies, quality tourism, and clean energy projects. Its renowned political and social stability, along with a strong democratic system, provide a safe and reliable environment for investors.
The country is also a global leader in sustainability, pioneering renewable energy and standing as the only tropical nation to have reversed deforestation. Furthermore, sustained poverty reduction and improvements in well-being indicators support its reputation as an ideal place to live, invest, and develop long-term business opportunities.
Currency Colón
Increase in GDP 2023 (5.1%)
25 Years of growth
Poverty 12.7%
Best areas Costa Rica
The Central Valley is the geographic, economic, and cultural heart of Costa Rica, making it the nerve center of urban and administrative life in the country. Some of the most important areas include:
San José
The capital city offers urban living with numerous cultural activities and a vibrant nightlife.
Atenas
Known for its perfect climate, it’s ideal for a tranquil life with local markets and abundant nature.
Escazú
One of the most modern areas, with first-rate services, excellent restaurants, and an active expatriate community.
Guanacaste
Located in the northwest of the country in the province of Guanacaste, Tamarindo is an area known for its beaches and nightlife, perfect for surf enthusiasts and an active lifestyle.
Nicoya
In the Nicoya Peninsula lies Nosara, a Blue Zone of the planet with life expectancy above the average. A paradise for yoga enthusiasts and nature lovers, with a community dedicated to well-being.
La Fortuna
Near the Arenal Volcano, it’s ideal for outdoor activities and surrounded by natural beauty.
Jacó
It’s a popular destination for both tourists and expatriates seeking an active and vibrant lifestyle in a spectacular natural environment. Additionally, Jaco has become a focal point for significant real estate investment, making it attractive to investors interested in the Costa Rican market.
Puerto Viejo
With a bohemian atmosphere, Puerto Viejo de Talamanca is known for its beaches perfect for surfing and snorkeling, such as Playa Cocles and Punta Uva. The vibrant nightlife and cultural mix make this place a dynamic and diverse destination.
Cahuita
Located on the Caribbean coast, Cahuita is famous for its National Park, offering white sandy beaches, coral reefs, and tropical jungles. Ideal for snorkeling and diving, with a welcoming community and a rich Afro-Caribbean culture.
Corcovado
Located on the Osa Peninsula, Corcovado National Park is a biodiversity paradise, home to jaguars, monkeys, and many other species. With pristine rainforests and remote beaches, it’s perfect for ecotourism and adventurers seeking an authentic nature experience.
Cost living in Costa Rica
Costa Rica offers a lower cost of living compared to the United States, Canada, and many European countries. The average monthly income is approximately $800 USD. Affordable healthcare through the universal health system CCSS is available to residents and employees, with costs shared between employers and workers. Housing prices are about 68% lower for rentals and 51% lower for purchases compared to the USA, with options starting at $500 for a one-bedroom apartment in the city center.
Visa and Residence Requirements
Post-pandemic, Costa Rica has approved several bills aimed at encouraging foreigners, investors, renters, retirees, and digital nomads to choose the country as a destination for living and investing.
Since June 2023, the stay period for foreigners has been extended to 180 days, simplifying the visa process for different groups of countries according to the updated regulations.
The Digital Nomads Law (Law No. 10008) facilitates international workers to establish and work in Costa Rica.
The new Regulation to the Law for the Attraction of Investors, Renters, and Retirees (Law No. 9996) offers options for those who wish to invest, demonstrate income, and reside in the country.
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Learn more about Costa Rica
Due Diligence for Real Estate Investments
If you've made the decision to acquire land for development or a property with existing construction (be it a house, apartment, building, condominium, etc.), consider conducting legal and registry studies to ensure they aren't associated with any issues. Due diligence...