Moving to Costa Rica is rather a lot like moving to paradise. Just ask the more than 50,000 Individuals and Canadians who have executed so during the last 20 years. Who can blame them for making this decision? Along with its tropical climate, miles of beaches, lush rain forests, and cooler mountains, comes its cosmopolitan cities with modern medical facilities, decrease price of dwelling, and laid back life style. The real query could also be: « Why aren’t more Americans relocating to Costa Rica? »
Worldwide Living, the magazine devoted to educating individuals and helping them to relocate to overseas nations, has lately placed the country back on its list of ‘Prime Retirement Havens’, based mostly on affordability, profit potential, and lifestyle. Though not all areas of Costa Rica meet their necessities for this designation, IL builds a compelling argument for moving to many (beforehand overlooked) areas. These areas embrace The Gold Coast (Guanacaste and the Nicoya Peninsula), The Central Valley, (cooler, drier local weather) and the Caribbean Coast. (less developed and less expensive)
Moving to any international country is more involved than moving across America, and there are various elements of the move that you should consider earlier than making this decision. Many specialists, and people who have made the decision to live overseas, strongly urge you to spend an extended time visiting or vacationing in the country to which you are considering moving. Spending a number of vacations, or a summer living, in the country of your choice will provide you with a very good feel for the lifestyle, and provide help to decide if it is correct for you. Costa Rica travel visas are good for 90 days and provides you with ample time to pattern the life-style and experience the warm-hearted individuals who might be your neighbors.
Advantages of Moving to Costa Rica
If you end up considering moving to a international country there are various little items that you want to be aware of to make the move easier, each logistically and mentally.
Major conditions that make the transition to dwelling in Costa Rica simpler for most individuals:
Driving on the fitting side of the road
Similar time zone as Chicago
Dollar is widely accepted as currency
Minor items that make the move simpler:
Electricity is 120V AC, so you should utilize your American appliances
Spanish is the main language, although many people speak English
The price of living is lower than within the US, so it is very attractive for retirees on a fixed income. Many retirees can live more comfortably on their Social Security revenue in Costa Rica than in the US, but still have all the amenities that they’re accustomed to within the US.
The Authorities of Costa Rica
The stability of the American model, the democratically elected government, can make the transition to living in a foreign country a little simpler for many Expatriates. The government is encouraging Worldwide immigration to the country by way of its coverage of improving infrastructure, together with building a new airport, giant cruise ship port, and new roads to beforehand distant areas of the country. The federal government’s policies on encouraging development, although getting ever more regulated, bodes well for real estate appreciation within the coming years.
Residency Requirements to Live in Costa Rica
Residency requirements for are minimal, however you do need to demonstrate a steady income. These necessities had been not too long ago raised, and took affect on March 1, 2010.
For Pensionado (retired) standing you are required to furnish proof of month-to-month income from Social Security benefits or a professional pension plan with a minimal $1,000.
For Rentista (residency) status it’s essential to show proof of at the least $2,500 month-to-month income as well as proof that this earnings might be continued for not less than the following five years.
An Inversonista (investment) status requires $200,000 of verifiable worth to qualify.
If in case you have ever considered living in a tropical paradise, moving to Costa Rica needs to be at the prime of your list.
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