Costa Rica
Costa Rica offers a stable democracy, tropical luxury, and a straightforward residency-by-investment program, appealing to HNWIs seeking a peaceful, high-quality lifestyle.
Costa Rica’s economy is anchored by tourism, technology, and sustainable agriculture, with a GDP per capita of approximately $13,000. The country enjoys a stable political climate, no standing army, and a strong rule of law under a civil law system. Inflation remains moderate, and the government actively courts foreign investment through incentives like free trade zones.
The lifestyle is defined by the "Pura Vida" ethos—a blend of relaxation and natural beauty. High-end beachfront estates in Guanacaste and Papagayo offer private infinity pools and direct Pacific views, while exclusive gated communities like Hacienda Pinilla provide 24/7 security, golf courses, and equestrian facilities. Year-round tropical climate, with a dry season from December to April, sets the stage for yacht clubs and social events at venues like Marina Papagayo.
Tax advantages
- No capital gains tax on real estate sales for residents.
- Low property taxes, typically 0.25% of registered property value.
- No wealth tax or inheritance tax.
- Territorial tax system: only Costa Rican-sourced income is taxed; foreign income is generally exempt.
- Free trade zone benefits for qualifying businesses, including 100% exemption on import duties and income tax for up to 12 years.
Tax disadvantages
- High import taxes on vehicles (up to 50% of value) and luxury goods.
- VAT of 13% on most goods and services.
- Corporate income tax rates up to 30% for domestic-source income.
Residency advantages
- Straightforward residency-by-investment program: $150,000 in real estate or $200,000 in a local business.
- Path to permanent residency after 3 years.
- No minimum stay requirement to maintain residency.
- Ability to obtain a local driver’s license by exchanging a valid foreign license without a driving test.
- Access to high-quality private healthcare and international schools.
Residency disadvantages
- No citizenship-by-investment program; naturalization requires 7 years of residency (5 years if married to a Costa Rican) and passing a Spanish language and culture test.
- Limited long-haul connectivity to Asia; most international flights connect through US or European hubs.
- Bureaucratic processes can be slow; legal assistance is often necessary.
Living quality
Costa Rica offers a high quality of life with a year-round tropical climate, pristine beaches, and lush rainforests. Infrastructure is well-developed in urban areas and tourist zones, with a modern highway network connecting major cities. Safety is generally good, though petty crime exists in tourist hotspots. The country boasts excellent private healthcare and international schools, especially in San José and coastal enclaves. The lack of a standing army contributes to a peaceful, stable society.
Best for
- Costa Rica is ideal for HNWIs seeking a peaceful, tax-efficient lifestyle in a tropical paradise with strong property rights and no standing army. It suits families who value top-tier international schools and outdoor activities, as well as retirees looking for a low-tax environment with excellent healthcare. The residency program is particularly attractive for those who want a straightforward path to permanent residency without a minimum stay requirement.
Atlas cities in Costa Rica · 1 listed
- San José Wealth 42
Costa Rica sits in the Atlas region The Americas — From Manhattan to Montevideo.
See the region →