Costa Rica does not currently offer a formal Citizenship by Investment program. However, it does provide a pathway to residency through significant economic contributions, which can eventually lead to citizenship after fulfilling certain requirements. Here’s a detailed breakdown of the process and options available for those interested in relocating to Costa Rica through investment.

Residency by Investment Program

The primary route for foreign nationals seeking to live in Costa Rica is through the Residency by Investment Program. This program allows individuals and their families to obtain residency status by making a qualifying investment in the country. The minimum investment required is USD 150,000, which can be made in various forms such as:

• Real Estate: Purchasing property within Costa Rica.
• Business Investments: Investing in shares of a Costa Rican corporation or the stock market.
• Pension Income: Demonstrating a lifetime pension or monthly income from investments or business activities.
• This residency is typically granted within nine to twelve months and provides the right to live and work in Costa Rica.

Temporary and Permanent Residency

Once an application for residency is approved, successful applicants receive a temporary residence permit valid for two years. This permit can be renewed for an additional two years. To maintain residency status, individuals must:

• Keep their investment active.
• Visit Costa Rica at least once per year (for at least one day).
• Maintain social security registration.
• After residing in Costa Rica for seven years (or five years for citizens of Central America, Ibero-America, and Spain), individuals may apply for permanent residency or citizenship.

Pathway to Citizenship

While there is no direct Citizenship by Investment program, obtaining citizenship is possible after meeting the residency requirements. Applicants must demonstrate good moral character, which includes having a clean criminal record and fulfilling all obligations related to their residency status.

The process involves submitting an application along with necessary documentation such as proof of residence, financial stability, and any other relevant papers that demonstrate compliance with local laws.

Required Documentation

To apply for residency under the investment category, applicants need to prepare several documents including:

• A valid passport (original and copy).
• Proof of investment or financial contribution.
• A clear criminal record certificate.
• Birth certificate (original or certified copy).
• Marriage certificate (if applicable).
• Two passport-sized photographs.
• Biometric identification data.

These documents are submitted alongside the application to the Immigration Department of Costa Rica.

Conclusion

In summary, while there is no direct Citizenship by Investment scheme in Costa Rica, foreign nationals can achieve residency through significant economic contributions that may eventually lead to citizenship after fulfilling specific criteria over time. The process requires careful planning and adherence to legal requirements but offers an attractive option for those looking to relocate to this vibrant Central American nation.