Nations all around the world are dealing with measures to persuade guests to become computerized migrants. Costa Rica is one of the nations creating strategies to convince sightseers to remain longer than they would.
As indicated by Costa Rican The travel industry Minister William Rodriguez, advanced migrant visa holders might enter the country for as long as 90 days and afterward stretch out their visit for as long as two years.
They can set up a Costa Rica Bank account, are not subject to income taxes, can utilize their nation of origin's driver's license and don't need to pay import charges on PCs and other hardware utilized for remote work.
The overseer of the global program at the free research organization Movement Strategy Establishment, Meghan Benton, states that the government don't yet have a clear idea of who will become a Digital Nomad.
She noticed, "It's very confusing the way that not a lot of individuals are familiar with the profile of their Digital Nomads," she said.
Since Costa Rica signed their digital nomad visa into law last August, remote workers have anxiously awaited more details. Now, nearly a year later, applications are open, but with a few key requirements.
For those hoping to make the Central American paradise their new office, they’ll need to earn a minimum of $3,000 a month as an individual or $5,000 as a family. Those granted the visa won’t pay any taxes on their income nor will they pay import fees on items they buy for work. They can even import up to two cars.
What Are The Financial Requirements For The Costa Rica Digital Nomad Visa?
Before getting too excited about the Costa Rica DNV, you must first meet the financial income requirements. For example, if you plan on going to Costa Rica alone, you must have at least a stable monthly income of 3,000 USD. On the other hand, if you plan to apply for the Costa Rica DNV with your family members, you must prove that you have at least a stable income of 4,000 USD per month.
So if you want to provide evidence of your Proof of income, remember that the 4,000 USD can be made up by combining your and your spouse's income. This must be done by providing evidence of your previous bank statements for the prior year.
And as I mentioned earlier, the income must be stable, meaning you must earn the eligible set amount each month. This means you cannot earn USD 8k for the month, and the next month you make USD 6k.
Who Can Apply For The Costa Rica Digital Nomad Visa?
The short answer is basically anyone that works as a freelancer doing remote work in Costa Rica. The main requirement is that you do not work for a Costa Rican company. It doesn't matter what your country of origin is. As long as you do not receive payment from a Costa Rican company, you are good to go.
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