Costa Rica Wants You to Work There Remotely
Costa Rica wants to attract visitors who can work remotely with a new law that will issue year long visas. There’s also an option for an additional one year extension.
On August 11, 2021, President Carlos Alvarado and Minister of Tourism Gustavo Segura approved new laws supporting a Costa Rican remote work visa. The law is now in effect as it was published in the Official Gazette (La Gaceta).
To be eligible, applicants must prove a consistent average monthly income of at least $3,000. Applicants and any familial dependents must possess private medical insurance. The insurance policy must cover the full duration of their time in Costa Rica.
The government hopes this initiative will be an incentive for remote workers to live and work in a tropical paradise and experience the Central American country’s laid-back ‘Pura Vida’ lifestyle.
The remote work visa will permit eligible foreign nationals employed outside Costa Rica (servicing personnel or entities outside Costa Rica) to live and work remotely within Costa Rican borders. No sponsorship is needed from local employers as the visa will not permit foreign nationals to perform local work duties.
Remote workers who receive these visas will be exempted from local income taxes. They will be able to open local bank accounts and can drive in Costa Rica using their country’s license, among other benefits.
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Beautiful country but expensive. The most expensive country in Central America