An important update to our March article [https://mailchi.mp/e111a7bd5009/corporate-tax-law-1414681 , https://mailchi.mp/68842303ce6d/corporate-tax-law-5500217 ]. The Government of Costa Rica has signed into law #10008 “Law to Attract Workers and Remote Providers of International Services", known as the Digital Nomads Law. This brings exciting news to those wishing to live in Costa Rica while working remotely. As we know, many companies have moved to a remote work model due to COVID-19. This change in the traditional workplace environment has opened the door for thousands of employees to become digital nomads and live anywhere they would like.
This law creates a special category which allows for foreign workers to work remotely from Costa Rica.
The requirements as stated in Article 10 of law #10008 are as follows:
Receive a stable monthly payment, fixed income or an average monthly income, during the last year, in an amount equal to or greater than $3,000 USD or its equivalent. If the applicant decides that their family members will also receive the benefits, the minimum amount of income will be $4,000 USD. The proof of income can be shown through bank statements supporting the minimum income or through other means that will be indicated in the regulations of this law.
Obtain medical services insurance that covers the applicant for the entire duration of their stay in the country. The entire family must also be covered if they apply for inclusion as beneficiaries.
Make a payment, one time, for the granting of a non-resident visa, as a Worker or Remote Service Provider. The amount will be determined by regulations issued by the Directorate-General for Migration and Aliens.
Any other requirement from the General Migration Law and Immigration Law No 8764.
All payments or labor wages received must come from abroad. Therefore, the beneficiaries will not be able to carry out jobs or services that are paid within the country (Article 14).
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