9 Fantastic Benefits of Costa Rica Residency You Might Now Know
Are you considering making Costa Rica your permanent home? At Quatro Legal, we specialize in helping individuals navigate residency in one of the world’s most beautiful and happiest countries.
Discover nine incredible benefits of Costa Rica residency — and learn how Quatro Legal can help you navigate the residency process with ease:
1. Peaceful and Stable Environment
Costa Rica is a peaceful, democratic country with a stable political environment and no standing army, underscoring its commitment to peace and security.
2. Favorable Tax Regime
Costa Rica offers a low tax jurisdiction compared to many countries with a similar quality of life. Its territorial tax system only taxes income generated within the country.
3. Year-Round Warm Climate
Enjoy warm weather throughout the year, perfect for outdoor activities and a relaxed lifestyle.
4. High Quality of Life
Costa Rica offers a high quality of life, with excellent education and healthcare that is both affordable and of a high standard.
5. Quick Path to Residency
You can achieve permanent residency relatively quickly. The process is straightforward when guided by experienced counsel like Quatro Legal.
6. Easy Residency Process
Even though obtaining residency might take time, you can stay in the country while waiting for approval. Quatro Legal ensures a hassle-free experience.
7. Healthy and Accessible Food
Costa Rica offers fresh and accessible food options, enhancing your quality of life and introducing you to a rich culinary culture.
8. Investment Opportunities
The Law to Attract Investors (Law No. 9996) has lowered the minimum investment requirement for residency to USD 150,000. This law also provides significant tax incentives for investors, retirees, and fixed-income individuals.
9. Tax Exemptions and Incentives
New residents can benefit from various tax exemptions, such as a one-time import tax exemption for household items, exemptions for up to two vehicles, and a 20% exemption on real estate transfer taxes.
Attaining Costa Rican residency doesn’t have to be a long, stressful, drawn-out process. Let our adept team of bilingual lawyers navigate the immigration complexities on your behalf.
We’re here to guide you through the residency process and advocate for you, ensuring your immigration application advances as smoothly as possible.
