RENTISTA STATUS IN COSTA RICA:
The Rentista Status was developed for those individuals who wish to live in Costa Rica, have the funds to live in Costa Rica, but do not have a formal pension plan.
The Documentation/Paperwork that is Required for Rentista Status is As Follows:
1. Valid passport for all persons listed on application. Passport must show that it is valid for a minimum of 6 months from the time of application.
c. Marriage certificate, if married.
d. If applicant has previously changed nationality, that specific certificate of naturalization must be presented.
e. The amount of funds required to qualify is now established at US$60,000.
The applicant will have access to this amount and have available to them for withdrawal a sum of US$2,500.00 per month if so desired.
Previously 60 months X $2,500.00 = $150,000.
The law requires that proof of exchanging the $60,000 to Costa Rican local currency (colones) be proven at time of renewing one's cedula at the end of the 24-month period..
At the end of the 24-month period, proof that an amount of $60,000 is available for deposit again. This could be in part some of the original $60,000 deposit.
The law requires the dollars be exchanged to colones. There are no restrictions prohibiting the individual of converting the colones back to dollars immediately.
Note: After the rentista has had their Rentista Status for a period of 3 years, they may apply for permanent resident status, which has no income requirements.
Within the application process, each adult will be required to provide GSE for furtherance to the Department of Immigration the following information.
Information does not have to be consularized or Apostiled.
If convenient, please submit to us in Spanish.
1. Full Name, 2. Nationality, 3. Occupation, 4. Name of your Father, 5. Name of your Mother, 6. Name of your Spouse, 7. Race, 8. Color of your eyes, 9. Color of your hair, 10. Your height (in meters), 11. Your weight (in kilos), 12. Marital Status, 13. Place of Birth, 14. Date of Birth, 15. Original Entry Date into Costa Rica, 16. Point of Entry into Costa Rica, 17. Physical Address in Costa Rica, 18. Telephone number in Costa Rica.
All documents must have been issued within the past 6 months.
Items listed under "a" through "e" must be forwarded to the State’s Secretary of State of the state that issued these documents for Apostille (French for Certification). Upon return to you, bring or send these documents to GSE here in Costa Rica.
As documents must be translated into Spanish by legally approved and licensed translator, GSE will arrange for translations to be done here in Costa Rica. Approximate charge here is $40.00 per page.
In addition to our charges for above services, the applicant remains responsible for the compulsory Immigration deposit of US$300.00 per individual, payable at time of receipt of the “cedula(s)”, plus the cost of the National Health Program, which is to be paid annually and which cost is based on income and number of people in family.
We will be pleased to assist you with your requirement and pleased to provide you with a quote for our services.