Article #70 Costa Rican Law
The Forestry Law
The Forestry Law, Costa Rican article #70,, allows Investor status, on a reforestation project, to any person who invests a minimum amount of US$200,000.00 (from 2011 onwards) and further allows them to apply for "Permanent Resident Investor Status" in Costa Rica.
This "Permanent Resident Investor Status" status carries all benefits and rights that a Costa Rican citizen enjoys with one exception - the individual is not allowed to participate in National elections. This status allows the individual to live and work in Costa Rica
Permanent Resident Investors:
are not restricted to working in the field in which the investment has been made.
must be present in Costa Rica a minimum of one day a year to have their "cedula" stamped.
have the right to live and work in Costa Rica.
spouses and any children under age 18 have the right to live in Costa Rica. (or children under age 25 if full time students and living with cedula holder)
may divest himself or herself of the investment after 24 months and still retain 'Permanent Investor Status'
for pricing for residency applications go to our additional services page here
If the applicant does not choose to move to Costa Rica immediately upon receiving his or her cedula they must present themselves at immigration at least one time within every 12 month period from date of receipt of cedula for five years, every 2 years after five years
Actual time spent in Costa Rica with the above status is applied towards time requirement required to facilitate the issuance of a Costa Rica passport
Note: the residency laws have been subject to alteration in recent months. Please contact us for the most up to date information
There has never been a better time or a safer way to invest in land!