Costa Rica passed legislation to place the country as a top destination with favorable residency and tax conditions to attract investors, rentiers and pensioners. Among the benefits that the law grants are:
- Import tax exemption for household goods and
- Import tax exemption for the rents, investments, and pensions that are object of a residency application under this
- 20% transfer tax deduction of real estate purchases made by a beneficiary of this
- Import tax exemption of the equipment and materials for the professional practice of the
The law establishes a lower investment minimum of $150.000 to apply for an investor residency, whereas the former limit was $200.000.
Any person interested in applying for a residency with said benefits can do so in a term of five years starting July 2021.
If you would like advice on this subject, please contact Magnalex Abogados, Víctor José Mora, firstname.lastname@example.org.