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| *Travel Tips>>>Costa Rica Travel Tips |
Foreigners living and investing in costa rica? |
Travel Info Foreigners living and investing in costa rica? Travel Tips First, about living. Many come to this country expecting a lower cost of living. It is true in almost every aspect, except real estate. To be able to stay more than 3 months, it is necessary to have some sort of resident visa. The easiest one to get is a rentista resident visa. You or your bank demonstrate that you have $60k to spend in Costa Rica over 5 years and you are granted a visa (after some paperwork and 5 to 10 months delay). Every year you have to demonstrate that you did spend one fifth of the $60k. Second, about investing. It is fairly easy to set up a corporation in Costa Rica that would do the investing for you. As a tourist, you are not be allowed to open a bank account which will be indispensable for investing. Up to now it is fairly easy to wire US funds to and from Costa Rica. Lately, however, a lot more questions are being asked by banks about the source of the funds. Others Many are moving to Costa Rica and Panama... Americans, Canadians, German, French, Australian, etc. For more info e-mail me at cary@movetolatinamerica.com. Please send specific questions. Thank you. Yes we have a lot you only have to come and take a look here in Costa Rica. |
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