Relocating to Costa Rica
At BuySellCostaRica, with over 20 years of experience in real estate and relocation services, we’ve assisted numerous expats in finding their ideal properties in this beautiful country. Costa Rica’s affordable healthcare, welcoming expat communities, and pleasant climate make it an attractive destination for those seeking a second home or investment property.
Foreigners can purchase property in Costa Rica without the need for residency or citizenship. Most properties come with fee simple titles, similar to those in the U.S. and Canada, ensuring a straightforward ownership process.
Our team is dedicated to guiding you through every step of the buying process, ensuring a seamless transition to your new home in Costa Rica.
First Steps to Relocation:
1. Research and Visit: Begin by exploring various regions in Costa Rica to identify the area that best suits your lifestyle and preferences. Visiting beforehand can provide valuable insights and help alleviate uncertainties. We can even help you find the ideal rental home to get you started.
2. Understand Types of Residency & Requirements:
Temporary Residency (Most Common for Foreigners):
Pensionado (Retiree): Requires a $1,000/month pension; can own a business but not work.
Rentista (Income-Based): Must show $2,500/month income for two years or deposit $60,000 in a Costa Rican bank.
Inversionista (Investor): Requires a $150,000 investment in real estate, business, or tourism.
Permanent Residency (Full Work Rights):
Marriage to a Costa Rican: Start with temporary residency, then apply for permanent status.
First-Degree Relative: Immediate permanent residency if you have a Costa Rican parent or child.
After 3 Years of Temp. Residency: Pensionado, Rentista, & Inversionista can apply for perm. status.
Gather necessary
documents, including valid passports, birth certificates, and financial statements,
ensuring they are authenticated and translated into Spanish if needed.
Make Costa Rica Your New Home!
3. Connect with Professionals: Engage with experienced real estate agents and legal advisors who specialize in assisting expats. Our team at BuySell Costa Rica is equipped to guide you through property selection and the legalities of purchasing a home, providing peace of mind throughout the process. And we work with the top-contractors and builders and can help introduce and guide you in the process of building your dream home.
4. Learn the Language and Culture: While many locals speak English, learning basic Spanish and embracing the “Pura Vida” lifestyle can enhance your experience and help you integrate more comfortably into the community.
5. Plan Your Finances: Assess your financial situation to meet residency requirements and understand the cost of living. Setting up local banking and understanding tax implications are crucial steps in your relocation journey.
It’s normal to feel anxious about such a significant change, but remember, many have successfully made this transition before you. Costa Rica is known for its welcoming communities and a large expat population, which can provide a support network as you settle in. Taking the time to plan thoroughly, seek professional guidance, and immerse yourself in the local culture can transform your relocation into a fulfilling adventure.
At BuySellCosta Rica, we’re committed to making your move as seamless as possible, offering personalized assistance every step of the way. Your new life in Costa Rica awaits, and we’re here to help you embrace it with confidence.