Posts Tagged ‘Working In Costa Rica’

Making the Leap to Living and Working in Paradise – Guest Blog

Written by Michael Simons on . Posted in Costa Rica Living, Newsletters, Playas del Coco

Tank Tops Flip Flops Newsletter edition no. 29

We are excited to share with you the story ofArenal with the kids Dave and Tina Dietz.  They are a typical young couple with 2 small children who dreamed of living, working and enjoying their life in a far away tropical land – and were actually able to PULL IT OFF!

Here is their guest blog – enjoy… 

FAQ

On our last night in Buffalo I found myself at 2am still packing suitcases, the sale of our house not closed yet, and nowhere to sit because all our furniture was in storage or had been sold. I was THRILLED. You know the old saying, “you can’t see the label of the jar you’re in,” right? Well we had busted open the jar and in 3 short hours we (me, my husband, and our kids aged 8 and 7) were getting on a flight to Costa Rica to live there.

   

People would say to us when they found out we were moving to Costa Rica, “wow, you must really like it there if you’re going to move there!” The truth? We had never been to Costa Rica. I had met Michael Simons from Tres Amigos RE/MAX and some other Costa Rica folks via email years before through mutual colleagues in my work coaching business owners internationally, and my father had been to Costa Rica many times, but us? Nope. We were fulfilling a 5 year plan that had suddenly become a 3 year plan just a few short months earlier.

   

We had owned our home in Buffalo-a good house in a great neighborhood-for 11 years when we decided it was time to sell. The market was decent, and we were tired of the upkeep and expense. Moving to Costa Rica had been a long term goal of ours, but we didn’t think that’s where we were going to move when we put our house on the market-we just thought we were moving to a different suburb that was closer to farmland! But just a few short weeks into getting the house ready for listing the last puzzle piece fell into place. My husband’s company changed a policy that allowed him to go from working at home to working anywhere in the world. Our reaction was instant. We were going to Costa Rica!

   

We wanted a lifestyle that would allow us to spend more time as a family, be closer to nature, and give our kids the opportunity to experience different cultures while they were still young. The way the world is changing, by the time our kids become adults it’s going to be essential to be able to work with people globally. I made one call to Michael, and within 20 minutes I was connected with amazing people to help me with everything from schools for the kids, to housing, to renting a car, to totally handling the legal process for applying to be residents. It was easier to set up our new life in Costa Rica than it was to get things handled in Buffalo!

Swimming with the KidsCosta Rica has been the only place I’ve ever been where the reality has been as good as the fantasy. We have become closer as a family, and my husband and I have become closer as a couple too. After 15 years of marriage, I had no idea that was even possible! Our kids come home from the international school they’re attending, which we love, and jump into the pool outside our door. We get to eat fresh food all the time that isn’t overprocessed. Our health care is handled without crushing our budget. Best of all? My kids get to see and experience parts of the world that before they had only read about in books. Rain forests. Volcanoes. Coral reefs. Hot springs. My husband and I often take long lunches walking on the beach, or work at a beach café or by the pool.  We’re notTina Hard at work retired, we’re not millionaires, but our lifestyle is richer now than it’s ever been, and our cost of living is less.

In my speaking and coaching practice, professionals and entrepreneurs alike come to me initially feeling stuck, stressed, and maxed out. They have this belief that you have to make tons of money and work 60 hour workweeks to get to the point eventually where you can have a lifestyle that feels like your perfect day. We’re living proof that this isn’t the case at all. We live in a time of unlimited resources and unprecedented opportunity. You can find anything you want or need, anywhere in the world. Living our dream didn’t happen overnight for us, but we had a plan so we were ready when the opportunity came. I think life’s too short to spend it on anything less than the creating a life you love, don’t you? Moving to Costa Rica has been the best decision we’ve ever made for our family.

   

Tina Dietz MS, NCC is an international speaker, business coach, and trainer who is on a mission to create 10,000 thriving businesses. Tina has served 20+ industries and counting, working with people from around the world through her powerful speaking engagements, interactive workshops, and personal coaching programs. Through her powerful Success Funnel System™, Tina brings together her expertise from the worlds of business, psychology, and “human design” to show her clients how to create a powerful vision for their businesses and lives and bring that vision into reality every time. Visit http://www.yourbusinessoasis.com

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How to Get Your Residency in Costa Rica

Written by Michael Simons on . Posted in Costa Rica Living, Costa Rica Service Providers, EX PATS in Costa Rica, FAQ's, Residency

LEGAL REQUIREMENTS FOR RESIDENCY IN COSTA RICA

The information below will help you decide which avenue works best for you.  This is correct, professional and easy to understand information is supplied by Lic. Marcela Gurdian – owner of Immigration Experts in Costa Rica. 

Marcela is the attorney I trusted to help me acquire my residency in Costa Rica.  I highly recommend Marcela’s services to anyone that wants to reside legally in Costa Rica and have a smooth and easy experience.  I know firsthand

To contact Marcela, Please email me at michael@tanktopsflipflops.com and I will personally introduce you to her. 

There are Three Main Categories of Residency in Costa Rica:[more…]

  1. Residency as a Retired person or Retiree (Pensionado)
  2. Residency as an Investor (Inversionista)
  3. Residency as a Renter (Rentista)

Residency in Costa Rica

Residency as a Retired Person or Retiree

A foreigner and family (spouse, parents, and children under 25 years old) can only apply for this type of residency if he is entitled to a lifetime pension of $1000 per month in their country of origin. This could be from a US IRA program, or a 401K retirement plan or a certifiable pension from a corporation or the US Social Security. The same applies for Canadian residents with their RSP program .The foreigner must obtain a certifiable letter to prove life time pension and this letter must be authenticated either by a Costa Rica Consulate or through the “Apostille” Process. The foreigner will be given a temporary residency and can work in Costa Rica only if he has his own Costa Rican corporation / business and not work for another company. After 3 years of temporary residency, the foreigner can apply for permanent residency with no restrictions.

Residency as an Investor

A foreigner and their family (spouse, parents and children under 25) can apply for residency as an investor if the foreigner owns investments in Costa Rica valued over $200,000. USD$. The Investment should be in specific areas as tourism, reforestation, and share ownership in a Costa Rican corporation, properties and/or any other activity supported by the Costa Rican government. The foreigner will be given a temporary residency and can work in Costa Rica only if he has his own Costa Rican corporation/business and not for another company. After 3 years of temporary residency, foreigner can apply for permanent residency with no restrictions. This is one of the easiest ways to obtain and maintain residency in Costa Rica. A retiree can purchase a property as in a home, villa, condo or even a farm that they will retire to, as long as the property is held in a Costa Rican corporation that is legally registered in the National Public Registry showing a value over the $200,000. To maintain the temporary residency for the 3 years all that is required is proof of value and proof of property taxes being paid.

Residency as a Renter

A foreigner and family (spouse, parents and children under 25) can apply for residency as a Renter, if foreigner receives a certifiable monthly income of $ 2,500.00 USD for the following 2 years or deposit $60,000 USD into a Costa Rican Bank Account. Under this type of residency the foreigner CANNOT work for another company while living in Costa Rica. To prove the income, the foreigner must get a letter from a Costa Rican Bank, financial institution, foreign bank, CPA or Law Firm certifying he will be receiving a monthly income of $2,500.00 USD  for the next 2 years. If the letter is issued outside of Costa Rica, this document must be authenticated either by a Costa Rica Consulate or through the “Apostille” Process. The foreigner will be given a temporary residency and can work in Costa Rica only if he has his own Costa Rican corporation/business and not for another company. After 3 years of temporary residency, the foreigner can apply for permanent residency with no restrictions.

GENERAL REQUIREMENTS:

 1.  Application Letter – The letter should include the following information

  • Complete name of the person applying for the residency
  • Nationality, marital status and occupation
  • Passport number, date and place where it was issued and date it expires
  • Name of any direct family member (children or wife) dependent on the income of the applicant who will also apply for residency
  • Date in which the applicant entered Costa Rica
  • A formal request of his/her desire of being a Costa Rican resident
  • Specify the type of residency applying for
  • Temporary address in Costa Rica or the address in the country of origin
  • Must indicate a place or fax number to receive notifications

 2.  Birth Certificate:  Must be authenticated either by the Costa Rican Consulate located in the country where the document is issued or through “ Apostille”  Process   This document expires after 6 months of being issued.

3.  Marriage Certificate:  Must be authenticated either by the Costa Rican Consulate located in the country where the document is issued or through “ Apostille”  Process   This document expires after 6 months of being issued.

4.  Police record:  Must be authenticated either by the Costa Rican Consulate located in the country where the document is issued or through “ Apostille”  Process   This document expires after 6 months of being issued.

5.  Finger Prints:  They need to be taken at the Ministry of Security in San Jose, Costa Rica and applicants must bring passport and 3 photographs of them selves

6.  Certified Passport Copy: of the entire passport (even blank pages).

7.  Special Power of Attorney: Granted by the applicants to the attorney that will handle the residency application.

8.  Photos: 5 passport size photographs or each person applying for residency

9.  Fess to Costa Rica Government: The applicant is required to pay/ deposit $250 for each person applying for residency, in the following bank account that belongs to the Immigration department of Costa Rica: Banco de Costa Rica, Account # 242480-0

10.  Registration: The Applicant must registration their intentions at the embassy of its origin country located in Costa Rica.

NOTE: All documents written in a foreign language must be legally translated into Spanish.

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