New Residency Laws

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  • March 26, 2007 at 12:00 am #182345
    grb1063
    Member

    I am working with Roger Peterson to set-up our S.A., whish will be done for our third trip down in September. At this time, we understand he is steering clear of immigration cases until “the dust settles”. I am working on Spanish citizenship (birth place and both grandparents), which apparently will help with CR citizenship. My question is one that Roger has mentioned and briefly covers in his book … does anyone know whether the new residency laws will take into account the value of assets owned in Costa Rica as part of the requirement? Logically, if one owns over $100,000 in assets in CR it should suffice for inversionista status.

    March 26, 2007 at 8:51 pm #182346
    genn789
    Member

    NO, even if you buy a $ 1,000,000.– home this will not count as an investment for the residency law. Your investment has to add something to CR, it has to generate work, labour etc.

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