residency income requirements

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  • April 22, 2014 at 1:35 pm #555786
    JERRY MORROW
    Member

    `Im 57, retired, not drawing Social Security yet, have no pension but have at least $1000/month in other income (dividends, etc). How do I qualify for pensionado, retiree, or residency, which requires $1000 per month in income per couple from Social Security or pension ?

    April 22, 2014 at 4:28 pm #555788
    JASON HOLLAND
    Participant

    Hi Jerry,

    Great question. For those not drawing Social Security or a pension, there are a couple of options as far as residency.

    Rentista is a category for people with $2,500 a month in non-job income, so dividends would count there. You can also make a deposit of $60,000 in a Costa Rican bank to qualify for this category.

    Inversionista requires an investment of $200,000 or more in a business or commercial or residential property, which could be your home.

    For specific questions on your case and qualification status I would suggest you contact a Costa Rican attorney who works with expats to get residency. Roger Petersen is a frequent speaker at IL events and is very experienced in these matters: http://www.plawcr.com

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