If you, or your spouse, have invested $150,000 USD in qualifying projects, or $100,000 USD in a forestry project, individually, you could qualify for temporary residency as an investor in Costa Rica.
Under this category, the principal applicant is allowed to obtain residency for a spouse and children as dependents.
- Temporary residency under the Investor Category is valid for two years.
- It can be renewed for additional two-year periods, as long as you keep the project you invested in (business, home, etc).
- After three years of holding temporary residency, you will become eligible for permanent residency.
Main Requirement for the Investor Category
People who have invested $150,000 USD in qualifying projects are eligible for temporary residency under the Investor Category. There is also an option available for people who have invested $100,000 USD in forestry projects.
Investment Options
There are four different subcategories for the investor option. This is a brief description of each of these categories.
- New Business – Investment Amount: $150,000. This category is available for people who will invest in a new business. Whether it is a hotel, a restaurant, a factory, a service company, or any other business, you will qualify for this category as long as you invest at least $150,000 USD. This category requires setting up a business plan. This category is rarely used as very few people are able to comply with all the requirements.
- Existing Business – Investment Amount: $150,000. This category is available for people who purchase an existing business, whether it is purchasing the whole business or just part of it. Regardless of the type of business, as long as you invest $150,000 USD to purchase the business, you will then qualify. Purchasing part of a business refers to when you purchase some stocks or shares of an existing company. Regardless of the number of shares that you acquire, as long as you invest $150,000 USD to acquire those shares, you will then qualify.
- Real Estate/Vehicles – Investment Amount: $150,000. Under this category, you will qualify if you purchase real estate and/or vehicles for at least $150,000 USD. Regardless of whether it is a condo, a lot, a home, or farmland, cars, motorcycles, boats as long as you invest the required amount, you will then qualify.
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- This option is available for people who invest, meaning actually pay, at least $150,000 in a property, various properties, vehicles, or vehicles and properties. You can add up various investments to reach the minimum $150,000.
- If you purchase for example a house, a condo, or a lot, then the deed of the purchase should reflect a purchase price of $150,000. Additionally, documents such as the certificate from the Municipality must reflect the true value of the property, which must be of at least $150,000.
- If the lot is below the expected $150,000, however, you did build a house on it, then the true value of the property must be updated at the Municipality. Again, the true value registered at the Municipality must be of at least $150,000. This must be done once the construction of the house concludes.
- If the property and/or vehicles are purchased through a corporation, additional documents would apply. The principal applicant must own shares worth at least $150,000 USD to qualify.
- Once engaged to assist we would need to check the paperwork to make sure that the purchase or purchases were properly set up to qualify for Investor.
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- Forestry Projects – Investment Amount: $100,000. This option is available for people who invested in a forestry project, whether it is for lumbering, preservation, or regeneration. This option requires to have all the appropriate permits from the environmental agency (SETENA) and the local municipality as well.
Below you’ll find a detailed overview of the application process, as well as the fees and expenses.
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Investor Category Application Process
The application process for temporary residency as an investor takes between 12 and 15 months, depending on the processing time of the Costa Rica Immigration department (DGME), which takes approximately 9 months to analyze the application.
Our team will guide you through the process from start to finish, including CAJA (Costa Rican Social Security) registration and DIMEX (Costa Rican ID for residents) procurement. Plus, depending on the level of service you choose, we can also assist with document procurement and residency renewal at a discounted rate. Investment documents must be provided by the attorney who assisted you with the investment.
Document Procurement
Process Timeline
The first two to three months of the application process are spent collecting the documents required for the residency application. It is important to collect all the required documents during this time frame, as documents from abroad must be issued within six months of filing. Our team will work closely with you to ensure all documents are valid, translated, and ready for review by the DGME.
The following documents are required for filing an application for residency in Costa Rica.
Vital Records & Background Checks
Take advantage of the discounted document procurement rates we offer our immigration clients. Let our experienced team obtain the vital record(s) and background check(s) you need from abroad, or you can choose to obtain the following documents on your own. Keep in mind, documents from abroad must be issued within six months of filing the application for residency, and be translated into Spanish.
- National Background Check.
- Birth Certificate.
- Marriage Certificate. If applicable.
Application Documents
Preparation of the following documents required for filing the application for temporary residency as an investor is included in the quoted cost of our service.
- Verification of the Main Requirement – Proof of Investment. It will be required to produce a number of documents to confirm that the investment was actually made. The type of documents will vary depending on the particular investment option.
- Application Form.
- Cover Letter.
- Fingerprints.
- Certified Copy of the passport.
- Consular Registration.
- Six passport-size photographs.
- Government Fees.
Filing the Application
Process Timeline
Once our team has compiled all the documents required, we perform a final review, then file the application with the DGME. The application must be filed before the expiration of the tourist stamp on your passport (usually valid for 90 days) or the expiration of the documents.
Analysis & Decision by the DGME
Process Timeline
By law, the DGME should process the application within 90 days. However, based on recent processing times, the DGME is currently taking between 9 and 12 months for processing applications. During this time we regularly check the status of the application to ensure the case is moving forward as expected.
Approval Notice
Process Timeline
The DGME issues an approval notice via email, once the approval notice is received we will reach out to you to schedule the next steps!
Payment of the Guarantee Deposit
Process Timeline
Once your application has been approved the DGME, you will need to make a refundable security deposit to the DGME dependent on the estimated cost to cover return travel to your home country should it be required. Since the guarantee deposit varies by nationality, we do not include this cost in our quoted fees and expenses. You can find a full list of deposit amounts by home country on our blog here.
CCSS/Caja Registration & DIMEX Request
Process Timeline
Once the application has been approved, we will proceed with your mandatory registration with the CCSS for the Social Security system (also known as CAJA). In addition, we will obtain the ID for foreigners (DIMEX aka cédula). We will schedule a time to go with you to complete each of these processes in the GAM (San José Metro Area) or Liberia. Additional fees will apply for DIMEX and CCSS appointments at offices outside the GAM (San Jose Metro Area) or Liberia.
Delivery of Your DIMEX
Process Timeline
Your DIMEX will arrive in the mail one or two weeks after it has been requested. Then you’ll officially be a resident of Costa Rica, with an ID card to prove it!
Renewal & Beyond
Temporary residency under the Investor Category is valid for two years. It can be renewed for additional two-year periods. After three years, you will become eligible for permanent residency. Our Beyond payment options were created with the renewal requirement in mind, pay in full upfront for your residency plus one renewal and save $311!
Fees & Expenses
Our fees for application for temporary residency as an investor are flexible and comprehensive. We include all the standard fees and expenses in our pricing, with the intention of making the process as easy as possible for you.
There are two items not included in our pricing, which vary on a case by case basis, making it impossible to include in an all-inclusive service for our clients.
- Security Deposit. The security deposit is paid at the end of the process to the Costa Rican Government. We do not include this cost in our residency fees as the amount of the deposit will vary depending on your country of origin. Once your application has been approved the DGME, you will need to make a refundable security deposit to the DGME dependent on the estimated cost to cover return travel to your home country.
- Biographical Documents. These include birth certificates, background checks, and marriage certificates. Everyone has a different set of circumstances, and thus, to standardize our fees, we decided not to include them in the residency fees below. OLS Documents, our sister company, can assist you in obtaining biographical documents and offer these services to our immigration clients at a discounted rate.