Moving to Costa Rica is a lot like moving to paradise. Just ask the more than 50,000 People and Canadians who have carried out so over the past 20 years. Who can blame them for making this choice? Along with its tropical climate, miles of beaches, lush rain forests, and cooler mountains, comes its cosmopolitan cities with trendy medical facilities, decrease price of residing, and laid back life style. The real query could also be: «Why aren’t more Americans relocating to Costa Rica?»
International Living, the magazine devoted to educating people and serving to them to relocate to overseas nations, has lately placed the country back on its list of ‘High Retirement Havens’, primarily based on affordability, profit potential, and lifestyle. Although 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 costly)
Moving to any foreign country is more involved than moving throughout America, and there are lots of elements of the move that it is advisable consider earlier than making this decision. Many experts, and individuals who have made the decision to live abroad, strongly urge you to spend an extended time visiting or vacationing within the country to which you are considering moving. Spending a number of vacations, or a summer living, within the country of your alternative gives you a good really feel for the approach to life, and enable you decide if it is correct for you. Costa Rica journey visas are good for 90 days and provides you with ample time to sample the lifestyle and experience the warm-hearted people who can be your neighbors.
Advantages of Moving to Costa Rica
When you are considering moving to a foreign country there are a lot of little items that it’s essential to be aware of to make the move simpler, both logistically and mentally.
Major conditions that make the transition to living in Costa Rica simpler for most people:
Driving on the proper side of the road
Identical 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 home equipment
Spanish is the main language, though many people speak English
The cost of residing is decrease than in the US, so it may be very attractive for retirees on a fixed income. Many retirees can live more comfortably on their Social Security earnings in Costa Rica than within the US, however nonetheless have all the amenities that they are accustomed to within the US.
The Government of Costa Rica
The stability of the American type, the democratically elected government, can make the transition to dwelling in a overseas country a little easier for most Expatriates. The federal government is encouraging International immigration to the country by means of its policy of improving infrastructure, together with building a new airport, massive cruise ship port, and new roads to beforehand remote areas of the country. The government’s insurance policies on encouraging development, though getting ever more regulated, bodes well for real estate appreciation in the coming years.
Residency Requirements to Live in Costa Rica
Residency necessities for are minimal, however you do have to demonstrate a steady income. These requirements have been just lately raised, and took have an effect on on March 1, 2010.
For Pensionado (retired) standing you’re required to furnish proof of monthly income from Social Security benefits or a certified pension plan with a minimal $1,000.
For Rentista (residency) standing you could show proof of at least $2,500 monthly earnings as well as evidence that this revenue shall be continued for at the least the next five years.
An Inversonista (investment) standing requires $200,000 of verifiable worth to qualify.
When you’ve got ever considered residing in a tropical paradise, moving to Costa Rica ought to be on the top of your list.
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