Income Requirement For Retirees Won’t Change

January 28, 2005

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.”

Facebook Comments

You may be interested

International drug rehab in Costa Rica with the Costa Rica Treatment Center
Sponsored content
1 views
Sponsored content
1 views

International drug rehab in Costa Rica with the Costa Rica Treatment Center

The Tico Times - April 24, 2019

Costa Rica Treatment Center understands the process of addiction recovery from personal experience. Their evidence-based treatment programs are engineered to…

Costa Rica meets with Inter-American Commission on Human Rights to discuss Nicaragua, Venezuela, indigenous rights
Costa Rica
2 views
Costa Rica
2 views

Costa Rica meets with Inter-American Commission on Human Rights to discuss Nicaragua, Venezuela, indigenous rights

Alejandro Zúñiga - April 23, 2019

Costa Rica’s Minister of Foreign Affairs, Manuel Ventura Robles, met with the Inter-American Commission on Human Rights (IACHR) this week…

Freed Nicaraguan prisoner tells of torture
Central America
50 views
Central America
50 views

Freed Nicaraguan prisoner tells of torture

AFP - April 23, 2019

One Nicaraguan guard pinned his hand to a table with his knee while another ripped out a nail with a…

Do NOT follow this link or you will be banned from the site!