Obtaining Investor Status or residency by buying property in Costa Rica:
Obtaining an investor status or residency by buying property in Costa Rica is posible. The acquisition of a property of at least 200 to 250 thousand dollars in Costa Rica will allow you to opt for the resident investor visa category. This makes purchasing or investing in land in the country very attractive to international buyers.
The process begins after the property in question is already in the buyer’s name or the buyer’s company’s name. Once that procedure is concluded, an independent legal process begins before the Costa Rican immigration authorities. The objective of this is to file for a residency status.
Obtaining a residency visa by buying property in Costa Rica will take anywhere from 6 to 8 months. This depends on factors such as specific requirements and the authority’s work load. The residence status will allow expats the freedom to do almost anything that a Costa Rican citizen can.
Content provided by Javier Sauma from SAUMA ROSSI Law Firm.
