Costa Rica is not just a paradise for vacationers—it’s also an attractive destination for real estate investors and expats looking for a high quality of life. If you’re considering buying property for sale in Costa Rica, you may be eligible for residency through investment. Here’s a step-by-step guide on how to secure your residency by investing in Costa Rica real estate.
Why Invest in Costa Rica Real Estate?
Costa Rica’s stable economy, stunning landscapes, and favorable tax policies make it a prime location for foreign real estate investment. With a growing number of homes for sale in Costa Rica, investors have plenty of options, from beachfront villas to jungle retreats and luxury condos. Investing in Costa Rica also comes with the added benefit of obtaining legal residency.
Residency Options for Real Estate Investors
Costa Rica offers several residency options, but the most popular for property buyers is the Investor (Inversionista) Residency.
Investor Residency Requirements
To qualify for residency through real estate investment, you must:
- Invest a minimum of $150,000 USD in Costa Rican property, a business, or another qualifying asset.
- Provide proof of your investment through official documentation.
- Submit a background check, passport copies, and financial statements proving your ability to support yourself in Costa Rica.
- Obtain a health insurance policy valid in Costa Rica.
The Investor Residency is granted for two years and can be renewed as long as you maintain your investment. After three years, you may apply for permanent residency.
Steps to Obtain Residency Through Real Estate Investment
1. Find the Right Property
Start by browsing homes for sale in Costa Rica that fit your investment goals. Work with a reputable real estate agency to ensure a smooth purchasing process.
2. Purchase the Property
Once you find your ideal Costa Rica real estate investment, work with a lawyer to handle due diligence, contracts, and title verification.
3. Apply for Residency
After purchasing your property, submit your residency application to Costa Rica’s Dirección General de Migración y Extranjería (Immigration Office). The process includes providing proof of investment, legal documentation, and payment of application fees.
4. Obtain Temporary Residency
Once approved, you will receive a temporary residency card (DIMEX), which allows you to live in Costa Rica as long as your investment remains valid.
5. Apply for Permanent Residency
After three years as an investor resident, you can apply for permanent residency, which comes with additional benefits, including the ability to work without restrictions.
Final Thoughts
Investing in Costa Rica real estate not only offers great financial returns but also a pathway to residency in one of the most beautiful and stable countries in Latin America. Whether you’re looking for a luxury villa or a peaceful jungle retreat, property for sale in Costa Rica presents excellent opportunities.
Ready to Start Your Residency Journey?
If you’re interested in exploring homes for sale in Costa Rica or need expert guidance on the real estate investment process, contact Century 21 Ballena Properties today. Our team is ready to help you find the perfect property and navigate the residency process with ease.
By following this guide, you’ll be one step closer to calling Costa Rica home. Let us help you make your real estate investment dream a reality!
