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On 1 September 2021, Law 10.008 came into force. This Law allows foreigners who provide remunerated services remotely for a legal entity abroad (“Digital Nomads”) to remain in Costa Rica for one year, with the option to extend their stay for one additional year, by creating a new immigration category known as Remote Employee or Provider of Remote Services.
The Regulation to this Law should be published in approximately sixty business days, which should include pending details of this new visa and the procedure to apply for it.
In order to qualify for this visa you need to meet these requirements:
-Prove that you have been receiving, in the last twelve months, a stable monthly salary, fixed income, or an average monthly income, during the last year, in an amount equal to or greater than US$3,000.00, or its equivalent in a foreign currency.
If the applicant chooses to request the visa also for their family (spouse or life partner, children under twenty-five years old or disabled children, as well as any elderly adult who lives with the applicant), the monthly income to be evidenced will be US$4,000.00, which amount can be integrated with the income of the spouse or any of the other family members.
In either case, this income should be continually received even though the applicant is not in their country of origin.
-Have private insurance for medical services that cover the applicant for the entire duration of your stay in Costa Rica. All of your family members must also be covered with this insurance if they are beneficiaries of the visa.
-Comply with the visa payment, which amount will be established by the regulation to this Law.
What Digital Nomads will be getting with this visa:
-Legal residency in Costa Rica for one year, with the option to request an extension for another year, with the condition of having stayed in Costa Rica for a minimum of 180 days during the first year.
-Income Tax exemption for the amounts declared by them as income. This benefit will not apply to the beneficiary’s family.
-Exemption of all import taxes of basic personal computer, technology, telecommunications, or similar equipment necessary for the beneficiary to carry out his/her work in the country.
-The foreign driver’s license of the beneficiary will be valid for driving in Costa Rica.
-Savings account opening in the national banks of Costa Rica.
Costa Rica is increasing in popularity among Digital Nomads, so we believe that this new visa was a smart move from the government.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
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Author: Michael Rosmer
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