#taxincentives #digitalnomad #Vaccinemandate ‘Costa Rica Tax UPDATE on Tax Incentives 
Digital Nomad Residency- Codes and MUCH MORE’ Costa Rica UPDATE (December 9th 2021) on the following issues- 1)The ‘Digital Nomad’ Category of residency. 2)What every happened with the tax incentives Costa Rica passed to lure folks to live in Costa Rica- no import taxes on household good, able to bring 2 cars tax free, the investor category requirement being reduced etc. 3)Also the QR Code Vaccine Mandate thing, what’s going on with that. As usual Costa Rica has left everything up in the air which causes more questions than answers.
Rental Car Scarcity During High Season 2021-
Digital Nomad vs Perpetual Tourist-
Tax Incentives-
Courts SAY, “NO” to QR Code-
Costa Rica Tax UPDATE on Tax Incentives Digital Nomad Residency- Codes and MUCH MORE
Briefly. These are the new tax incentives President Carlos Alvarado signed.
This new tax incentive law creates tax benefits for 3 specific groups of people with residency (or pending) status in Costa Rica. These are the 3 categories- Investors, Rentistas (guarantied $2500. coming in every month), and Retirees (pensionados).
These are the incentives and tax incentives-
∙ Tax exemption for importation tax for two vehicles.
∙ Exemption for importation tax for household goods.
∙ Exemption for importation tax for professional equipment. This was created basically to allow folks (Digital Nomads) to bring equipment needed to work while living in Costa Rica.
∙ 20% exemption for the transfer tax for real estate.
-Changing the amount to qualify for the ‘investor’ category from $200,000 to $150,000. Investor pertains to Real Estate, New Business, Existing Business, Stock and Securities (new).
QR CODE Vaccine Mandate-
Costa Rica being Costa Rica decides to complicate things further by delaying it’s vaccine mandate until Jan. 8th 2022 and ‘roll out’ a transition period that will start December 1st.
December 1st, commercial establishments (restaurants, bars, casinos, department stores, Adventure Tour Co. etc) may decide to operate at 100% capacity, by accepting only vaccinated guests (tourists), or can decide to operate at 50% capacity with zero vaccination requirement to enter. Welcome to Costa Rica.
Starting January 8th 2022, just about all commercial establishments (restaurants, bars, casinos, department stores, Adventure Tour Co. etc) must require proof of vaccination.
But the court has put a ‘STAY’ on this, so now what?
Outline of Digital Nomad Bill-
The bill — which has the support of the Tourism Board (ICT) and various other sectors — still needs to be signed by the President and published in La Gaceta. It may then take several weeks for authorities to determine the specific legal processes regarding the new visa.
The law will grant year-long visas in Costa Rica for qualifying remote workers, often called “digital nomads.”
Requirements for Costa Rica’s digital nomad visa
As indicated by the final text of the bill, the requirements to qualify for Costa Rica’s proposed digital nomad visa are as follows:
1. Proof of a stable monthly salary, fixed income or a average monthly income, during the last year, for an amount equal to or greater than $3,000. If the applicant chooses to request benefits also for their family group, the income may be combined with a spouse or one of the other family members and must in that case reach the sum of $4,000. In either case, it must be income that can be continue to be received even if the person is not in their country of origin.
2. Obtain a medical insurance policy that covers the applicant throughout their stay in Costa Rica. The General Directorate of Migration and Foreigners will determine the conditions or minimum coverage that this policy must have.
3. Make a one-time payment for the granting of a non-resident visa, as a Worker or Remote Service Provider. The amount has yet to be determined.
OK, now what?
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I hope you ENjoYed this video, ‘Costa Rica Tax UPDATE on Tax Incentives Digital Nomad Residency- Codes and MUCH MORE’ and hope to see you in Costa Rica very soon. From all of us at Travel Costa Rica NOW, PURA VIDA.
Video originally published at https://www.youtube.com/watch?v=lI-SfXpDjGA
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