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Why Move to Costa Rica? Essential Information and 2024 Updates

Benefits of Permanent Residency:

Live Indefinitely: Enjoy the freedom to live in Costa Rica permanently with a DIMEX card, which functions as a national ID.
Public Health System: Access affordable medical care through the Caja, including free medications and consultations.
Driver’s License: Obtain a Costa Rican driver’s license.
Right to Work: Work legally in Costa Rica.
Residence Discounts: Benefit from discounts at various tourist attractions.
Public Education: Enroll children in the public education system.
Path to Citizenship: Apply for Costa Rican citizenship after five years.
Limitations:

Voting: Permanent residents do not have voting rights.
Cost: Transitioning from temporary to permanent residency costs around $200, plus additional lawyer fees if applicable.
Monthly Payments: Required monthly payments to the Caja (public health system).
Requirements for Permanent Residency:

Temporary Residency: Must be a temporary resident for three years.
Documentation: Maintain up-to-date DIMEX and Caja payments.
Request Letter: Submit a request letter in Spanish, authenticated by a Costa Rican lawyer.
Fees: Pay $50 and $200 fees to specified government accounts.
Steps to Obtain Permanent Residency:

Prepare Documents: Gather necessary documents and ensure Caja payments are current.
Submit Request: Write a request letter in Spanish and pay the required fees.
Submit Documentation: Provide your request letter, current DIMEX card, and payment receipts to the immigration office.
Receive DIMEX Card: Pick up your new DIMEX card once notified.
Processing Time: Expect at least a month for processing; delays are common.
Special Cases:

Retirees: Obtain temporary residency as a Pensionado (retiree) and wait three years to apply for permanent residency.
Marriage/Children: Apply directly for permanent residency if married to a Costa Rican or having a Costa Rican child.
Practical Tips:

Prepare Documents Early: Ensure all documents are in order before applying.
Be Patient: The process can be slow; enjoy Costa Rica while waiting.
Monitor Progress: Keep track of your application status and deadlines.
Use an Immigration Lawyer: Especially useful if you’re not fluent in Spanish.
Renewing Permanent Residency:

Start Early: Begin the renewal process at least three months before your card expires.
Book Appointment: Schedule an appointment at Banco de Costa Rica or the immigration office.
Prepare Paperwork: Bring required documents, including proof of Caja payment and renewal fees.
What If Residency Expires?

Renew Promptly: Renew within 30 days to avoid fines.
Provide Justification: If outside Costa Rica for over a year, provide justification for your absence.
Cancellation: Residency may be canceled if absent for more than four years without valid reasons.
Recent Updates on Costa Rican Residency Laws (2024):

New Legislation: Legislative Decree N. 10470, effective May 7, 2024, introduces significant changes for both new and current residents.
Recognition of Foreign Licenses: Foreign driving licenses will now be recognized, easing the transition for new residents.
Digital Nomad Visas: New visa options enhance mobility and work opportunities for expatriates and digital nomads.
Professional Drivers: Special provisions streamline processes for professional drivers with equivalent foreign licenses.
Short-Term Rentals: New registration requirements for short-term rentals.
Residency Benefits: The 180-day departure requirement has been waived for residents.
Residency Categories and Requirements:

Pensionados (Retirees): Proof of $1,000 USD monthly retirement income required.
Rentistas: Demonstrate a $2,500 USD monthly income or a $60,000 USD deposit.
Inversionistas (Investors): Invest at least $150,000 USD to qualify.
New Developments:

Foreigners’ Stay Limits: Travelers must prove sufficient funds and comply with visa durations, ranging from 30 to 180 days.
Cash Declaration: Failure to declare amounts over $10,000 USD can result in forfeiture.
Residency Application Costs: Fees for transitioning from temporary to permanent residency total approximately $684 USD.
Impact of Law 9996:

Vehicle and Goods Importation: Duty-free import of up to two vehicles and one shipment of household goods.
Tax Incentives: Significant tax breaks, including exemptions from income tax on earnings. Families of applicants also benefit.
Simplified Process: Reduced investment threshold and simplified application process for residency.
Steps to Apply for Permanent Residency:

Prepare Documentation: Gather necessary documents, including proof of income, vehicle ownership, and customs papers.
Submit Application: Apply through appropriate channels, paying required fees and following import regulations.
Consult Legal Experts: Engage with legal professionals to navigate complex rules and avoid fines.
Practical Tips:

Stay Informed: Keep updated on Costa Rican residency regulations to ensure compliance with the latest changes.
Plan Ahead: Begin your application and documentation preparation early.
Seek Assistance: Contact We Love Costa Rica.org for expert help with residency questions and navigating new laws.
Understanding these updates and requirements will help you make a smooth transition to living in Costa Rica and take full advantage of the benefits available in 2024. For further assistance, We Love Costa Rica.org is partnered with local attorney firms and other companies to make your transition easier.

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