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Rentista

Costa Rica

At a glance

Duration

12 months

Non-extendable

14 month(s) delay

Price

$250.00

Tax rate

Overview

A Costa Rica Rentista Visa is granted to individuals, including freelancers and self-employed individuals, who can demonstrate a consistent monthly income of $2,500 or more. This visa permits you to establish a business or work as a freelancer in Costa Rica but does not authorize employment as a salaried employee. If your intention is to work as an employee for a company or business, you will need to apply for a Costa Rican Work Visa instead.

The residence permit obtained through the Costa Rican Rentista Visa is initially valid for two years and may be renewed as long as you continue to meet the stipulated requirements. After residing in Costa Rica with this permit for a minimum of three years, you become eligible to apply for permanent residency in the country.

To be eligible for a Costa Rica Rentista Visa, you must satisfy the following criteria:

  1. Demonstrate a stable monthly income of $2,500. To fulfill this requirement, you are required to establish a bank account in which you deposit $60,000 and secure a commitment letter confirming your receipt of $2,500 each month for the subsequent two years.
  1. Enroll in the La Caja Costarricense de Seguro Social (C.C.S.S. – Social Security Fund). You will be enrolled in seguro voluntario (voluntary insurance), which amounts to approximately 10% of your monthly income.

Benefits

What are the benefits?

  • Valid for 12 months

  • Is tax-free

  • Is extendable

  • Diploma agnostic

  • Extends to your spouse and minor children

Requirements

To be eligible for a Costa Rica Rentista Visa, you must satisfy the following criteria:

  1. Demonstrate a stable monthly income of $2,500. To fulfill this requirement, you are required to establish a bank account in which you deposit $60,000 and secure a commitment letter confirming your receipt of $2,500 each month for the subsequent two years.
  1. Enroll in the La Caja Costarricense de Seguro Social (C.C.S.S. – Social Security Fund). You will be enrolled in seguro voluntario (voluntary insurance), which amounts to approximately 10% of your monthly income.

Taxes

The Stay for Remote Workers or Remote Service Provider visa offers a complete exemption from income tax. Digital Nomads won't be classified as tax residents, and their foreign income won't be subject to taxation in Costa Rica. However, it's important to note that this exception does not apply to family members accompanying them in Costa Rica.

Tax rate

47%

Who is it for?

The Costa Rican Rentista Visa is primarily aimed at individuals who:

  1. Have a stable source of income: It is designed for individuals who can demonstrate a consistent monthly income of at least $2,500, either from retirement funds, investments, or any other source.
  1. Freelancers and self-employed individuals: Those who want to live and work in Costa Rica while freelancing or running their own businesses can benefit from this visa.
  1. Want to open a business or freelance: The Rentista Visa allows individuals to open businesses or engage in freelance work within Costa Rica's borders.
  1. Seek residency in Costa Rica: It offers a way for individuals to obtain temporary residency in Costa Rica, with the possibility of transitioning to permanent residency after meeting certain criteria.

However, it's important to note that this visa does not permit formal employment in Costa Rica as an employee. If you wish to work as a salaried employee for a Costa Rican company, you would typically require a different type of work visa.

What are the steps?

The documents required for a Rentista Visa application in Costa Rica include:

  1. Rentista Visa Application Form: Obtain the application form from either the Migration and Foreign Affairs Office or the Costa Rican Embassy.
  1. Fingerprint Records: Visit the Police Department to provide your fingerprints.
  1. Proof of Paid Fees: Details regarding the payment requirements can be found in the "Price for Rentista Visa" section below.
  1. Copy of Passport: Ensure your passport is valid for at least six months.
  1. Passport-Sized Photos: You will need to submit six passport-sized photos of yourself.
  1. Police Clearance Certificate: Obtain this certificate from the relevant police or court authorities in your home country.
  1. Income Certificate: This certificate should confirm your stable monthly income of $2,500, as required for the Rentista Visa.
  1. Consular Office Registration: Register with the consular office in your home country.
  1. Cover Letter: Prepare a cover letter with additional personal information as required.

If your family members are accompanying you, provide proof of your relationship with them, such as:

  • Birth Certificate: If you are bringing your child(ren) with you.
  • Marriage Certificate: If you are relocating with your spouse.

All documents must be either in Spanish or translated into Spanish and must also bear the Apostille Stamp where applicable.

Timeline for approval

The application process can proceed smoothly when you meticulously adhere to the correct steps and assemble all the requisite documents. It's crucial to submit your application well in advance of your intended departure to account for any potential delays.

Typically, the timeline for visa approval spans up to 14 days, not counting weekends and holidays. However, during the peak tourist season, which typically falls between April and September, the Consulate may experience higher volumes of applications, potentially resulting in extended response times.

Days required

14

Consular services

Apply now