Book our retirement package! We'll tell you: 1. How and where foreigners live in this peaceful little nation, 2. How they own land or a business without restrictions, 3. How they settled into a new lifestyle. (Take a visit of residential areas, hospitals, supermarkets, and meet other foreigners), 4. About retirement requirements, investment, banking, real estate, legal updates, tax law, and government incentives through an informational seminar, and 5. About a residents' association. Attend an informational seminar This package will help you discover whether you want to be one of the thousand foreigners that call Costa Rica their "home". Maybe you want to become a legal resident by investing $100,000 in an approved reforestation project?
Requisites that should be fulfilled in all resident's request
1.) Request in official paper addressed to the members of the National Immigration Council duly authenticated by an attorney, fiscal stamp, stamp of the Bar Association, police stamp and an immigration stamp.
The request should include the following information: Full name, surname, nationality, passport number, profession or occupation, exact address, the place where notifications within the judicial territory will be received, P.O. Box, and telephone number.
2.) a. Receipt of deposit at the Central Bank in favour of the Costa Rican government for a small amount of each applicant, indicating that it is for residency procedure.
b.) Receipt of deposit at the Administrative Department in CEPRO in favour of Export and Investment Promotion Centre for administrative expenses.
3.) Certificates of birth, police record, and marriage (if so) of each person. In the case of persons that cannot enter their own countries for political motives, they have to present an affidavit before a Notary Public.
Children under 15 years of age do not need a certificate of police record. All certificates issued abroad should be duly authenticated by the nearest Costa Rica Consulate and by the Ministry of Foreign Affairs of Costa Rica. Documents written in other languages must be translated into Spanish by legally authorized personnel (Notary Public or Official Translator from the Ministry or Foreign Affairs of Costa Rica.
If in a birth certificate the names and surnames of the parents are missing, an affidavit sworn before a Notary Public must be presented indicating those names.
If the applicant has changed his birth nationality, he should present the corresponding naturalization certificate.
4.) A certificate issued by the Computer Centre of the Interior Ministry of the entrances and exits to and from the country.
5.) Certificate of sentences issued by the Judicial Centre of Costa Rica
6.) medical test (lungs, blood, AIDS) by the Ministry of Health of Costa Rica or of an official medical entity of an other country certified by the Costa Rican Ministry of Health.
7.) Children under 12 years of age must present Tuberculin vaccination from the Ministry of Health. Pregnant women must present a certificate in which they state that because of their present condition they can not thake the lung test (it is valid for 3 month)
8.) Photocopies of all pages of the passport, certified and Protocolized by a Notary Public.
9.) Four front and tow side recent passport-size photgraphs.
10.) Five official papers of a few Colones each.
11.) Certificate of proof if any member of the family is still in school.
To renew the redidence, the following documents must be presented to the national Immigration Council:
a.) An authenticated deed addressed the National Immigration Council, enclosing the original and photocopy, where it states that the investments will be demonstrated, fiscal stamp, stamp of the Attorney-by-Law Association, Police Stamp, the applicant's exact home address and place for notification within San Jose's judical territory.
b.) The latest balance sheet of the company and statement indicating its profit and loss situation, both duly certified by an autorized public accountant.
c.) Certificate showing that personal income tax and that company taxes have been paid.
d.) Four official papers in order to process the required documentation.
e.) Payrolls and documentation of the social Security (Authenticated copy)
f.) Authenticated copy of the residence identity card.
g.) Certificate of the Computer Center of the Interior Ministry of the entrances and exits to and from the country.
h.) Police record of Costa Rica
i.) Certificate of the shares the company owns, duly authenticated by a Notary Public or an authorized public accountant.
j.) The following activities of the prospective investors would be considered:
j-1.) Ornamental plants and flowers
j-2.) Leather articles and their derivates
j-4.) Fruit and fresh vegetables
j-5.) Canned and processed foods
j-6.) Timber and wood derivates
k.) Other activities to be considered:
k-1.) Agro Industrial products: Those production projects which use raw materials, and also those which utilize the country's agricultural, livestock, fish, and foresty resources requeire an industrial process in order to render them saleable, or suitable for consumption, or suitabel for transportation.
k-2.) Mining Industry Projects: Those production processes that use minerals and which require an industrial transformation process in order to make such products usable.
k-3.) Capaital Goods Production Projects: Those activities which lead to the production of goods which, being themselves the products of an indurstrial process, can be used to manufacture other capital goods for both consumer and non-consumer purposes.
k-4.)Consumer Goods Production Projects: Those products whose purpose is to produce goods which are neither agroindustrial or agricultural, but which are finished or semi-finished goods destined for the consumer use.
k-5.) Tourist Interest and Tourist Promotion Projects: Those private enterprise projects which are directed toward construction activities of direct benefit to the tourist industry.
k-6.) Export Oriented Projects and Projects Directed Toward Attracting Investment: All those activities whose primery purpose is to support, assist, or promote the development of exports, or the attraction of investments for the export business.
l.) Minimum investment requiered: The minimum investment required for a private person to qualify for this category, i.e., resident investor's status in all cases under review, may not be less than US$ (ask for current amount). The amount is only for the individuals who want to get the status.
Documents and Addendum that should be presented together with the Application:
1.) Feasibility study, in the cases where the company is about to start business, duly signed by a professional the the corresponding area.
2.) In the case where the applicant will not make the investment, or carry our the necessary investment procedures, under his own name, he should present a certificate, signed before a Notary Public, indicating the name of the foreign individual to whom he has granted powers of attorney to act on his behalf.
3.) In cases where the proposed investment will be carried out in the name of a public company, a certified copy of the company's official constitution and terms of references should be presented.
4.) In the case where land has been purchased for investment purposes, or in order to develop the activities of the investment project, a certified copy of the deed of sale and of registration certificate of the land, should be submitted.
5.) In case where the investment is of direct interest to the tourist promotion business, a certificate to this effect by the Costa Rican Tourism Institute should be presented and a copy of the Tourist Contract.
6.) In the case where the investment is directed to an already established and operating company, the applicant should also submit the papers indicating ist profit and loss situation, both duly certified by an authorized public accountant.
7.) Bank references should also be submitted in the cases where the proposed investment project is about to start operations.
8.) Municipasl license in order.
9.) Companaies making public offering of shares should also be registered at the National Share Commission.
10.) Authenticated copies of the Social Security's employees documentation and payrolls.
Text by Carlos Vilchez N. from his book 'Invest and Retire in an Authentic Democracy' (page 71 - 78) You can order the complete paperback for $ 8.95 plus shipping and handling at our office as long as we have in in stock (980 left). The team of 1-CostaRicaLink wishes you the best of times in our little paradise called Costa Rica.
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