Investors, Rentiers and Pensioners Attraction Law

Magnalex Abogados | View firm profile

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:

  1. Import tax exemption for household goods and
  2. Import tax exemption for the rents, investments, and pensions that are object of a residency application under this
  3. 20% transfer tax deduction of real estate purchases made by a beneficiary of this
  4. 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,

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