No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveIncome Requirement For Retirees Won’t Change

Income Requirement For Retirees Won’t Change

AFTER months of panic among foreignershere and abroad hoping to retire inCosta Rica, legislators have scrapped acontroversial proposal to increase themonthly income requirement for retireesto $3,000.The proposal was part of a bill tooverhaul the country’s immigration laws.The bill remains, and may be discussedon the Legislative Assembly floor byApril, but lawmakers have decided not toinclude any changes to financial requirements,said Federico Jiménez, aid toSocial Christian Unity Party legislatorCarmen Gamboa.The rejected proposal would haveeliminated the rentista residency category(which allows people who can prove amonthly income from abroad of $1,000 toapply for residency) and required retireeswishing to apply in the pensionado categoryto prove a pension of $3,000, insteadof the current $600.Potential residents denounced the proposedfinancial requirements as impossibleto meet.“(Legislators) thought it would helpthings. But then they realized it wouldn’t,”Jiménez told The Tico Times. “Therewill be no changes.”

Trending Now

Costa Rica Maintains Economic Stability Amid Global Tensions

Costa Rica is holding steady economically despite global tensions sparked by conflicts involving Israel, the United States, and Iran, according to Federico Quesada Chaves,...

Costa Rica Stars in Variety’s Top Ten Film Locations

Variety Magazine named our small piece of paradise a top filming destination in its latest featured article, “Ten Locations to Die For,” spotlighting our...

Obesity in Costa Rica: A Growing Health Crisis After 35 Years of Change

Recent studies claim that about one-third of adults in Costa Rica are considered obese and another third overweight. Which means about two-thirds of adults...

Costa Rica’s Chaves Slams Supreme Court as “National Disgrace” in Corruption Case

On Wednesday, President Rodrigo Chaves didn’t hold back. In his weekly press conference, he slammed the Supreme Court, calling it a “national disgrace” that’s...

Costa Rica’s Pride March 2025 Defies Restrictions and Celebrates Diversity

A large crowd gathered in Paseo Colón, San José, to participate in the LGBTIQ+ Pride March 2025. It began at noon, as people marched...

El Salvador Slams Paris Fashion Show Inspired by Cecot Mega-Prison Inmates

The president of El Salvador, Nayib Bukele, joked on Saturday that he could send inmates from his mega-prison to France, after they were represented...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica