Costa Rica is a beautiful country with many natural wonders. That is why most of the people who visit seek ways to relocate to the country permanently. Others choose to visit temporarily, either as a tourist or for other reasons, and this can be tedious. The best thing is to become a legal resident in the country.

The process of getting a residency in Costa Rica can be hectic and tiring. However, with a professional, you can easily maneuver the complicated procedures. Getting a professional can also be difficult because most people only claim to know the processes, but don’t actually know it. It is always best to know the requirements for each residency category before anything.

You’ll find an outline of each category below and the requirements to meet. Read on!

1. Pensionado Residency

To get the Pensionado residency, you’ll need the following:

• A qualified pension income source or retirement plan with proof of a monthly pension of up to US$1000

• The government pension must state that it will be paid for life, and in Costa Rica

• Combined income can be used, but in most cases, the income must be for the applicant.

• Must obtain a certification at the Canadian or US Embassy in Costa Rica for Canadian or US Social Security Pension.

• Pensions from institutions or government must have a statement or letter. That is to verify that the institution or government is responsible for paying the pension.

2. Rentista Residency

The source of income for the Rentista residency must be from an approved financial institution. Also, the monthly income must be up to US$2,500, and the institution must guarantee the following:

• Income will be sent to the resident in Costa Rica

• The institution can pay US$2,500 monthly for nothing less than five years

• Funds must be paid in the name of the applicant

• Make a deposit in a Costa Rica bank of at least $60,000

3. Inversionista Residency

• Must visit Costa Rica at least once a year

• Investment of up to US$200,000 in property or business. You can get more details from ARCR.

4. Permanent Residency

An applicant can qualify for this residency after two years of the aforementioned residency status.

• Must visit Costa Rica at least once a year

• A deposit of US$ 250 as a guarantee

• Spain citizens can apply for permanent residency

5. First Degree Relative

You can apply for permanent residency if you have a first-degree family member who is a Costa Rica citizen.

For more information download this guide from Lawxperts Cost Rica: Click Here