| Updated immigration law in Costa Rica |
Updated immigration law requires longer physical stay for permanent residency renewalAs long as they met these expectations they could continue to renew their residencies each year as permanent residents of Costa Rica. This meant that they could approximately be out of the country residing elsewhere for two thirds of the year. Even more surprising is the fact that the four months did not even have to be completed in any type of sequential order. Therefore to be considered a permanent resident of Costa Rica one could in essence spend just a little over one week a month physically residing in Costa Rica and still be considered a permanent resident. There is an article, article 34 of the Costa Rican constitution they could use to argue their case that they were granted residency by the old immigration law and thus should not be held to the new six month standard, however, as mentioned before it is a very risky situation to place themselves in because if they lose they will lose their permanent residency. For investors who only apply as immigrants to gain rights to maritime property, this could mean giving up the rights to their properties as to hold maritime property they must be permanent residents. There is a significant chance that a judge would consider the new law as all inclusive of any citizen’s renewal residency regardless of when they were brought into the country, and this would be the ruling that could result in an immigrant being denied their residency. Frankly, since residency is only important in owning maritime property, and there are ways around that too for investors, it is hard to see why this situation sparked any debate at all. As previously stated, being expected to stay in a country for half of their residency period is hardly a large request. |
Newsflash
| Real estate projects in Costa Rica’s beachfront |
| Several positive changes are taking place in a number of beachside areas in Costa Rica. This may be due to the fact that a lot of local and foreign visitors flock the area to have a great time with their families and friends, basking under the heat of the sun and swimming in the blue waters. In the past years, all you can see are small stores and restaurants set up on these areas. However, a large grocery market has been put up last year in El Llano, just under 30 minutes away from Playa Tamarindo. This signifies great progress in the area. Not only that, several grocery stores are about to be set up in other neighboring beach towns such as Supermercado de Pacifico and Supercompro. In fact, several high profile government officials will be present to do the ribbon cutting of these establishments. |
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