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Published on Tuesday, July 5, 2022
By the A.M. Costa Rica staff



Almost a year after Law No. 22,215, known as the "Law to Attract International Digital Nomads" was issued, its regulations come into effect.


The law was signed in August 2021 by former President Carlos Alvarado.


On Monday, President Rodrigo Chaves signed the final regulations allowing the law finally to be applied to grant a series of benefits to international virtual workers.


The law allows the creation of a new visa category for foreign virtual (or nomad) workers. With this visa, virtual workers can stay in the country for one year, with the option of extending an additional year if they want. 


Currently, tourist visas only allow international tourists to stay in the country for 90 continuous days.

 

Another virtual workers' visa benefit is the tax exemption on the importation of technology or equipment necessary for doing their work, such as computers and cameras among other devices.

 

People with this visa will also be exempt from income taxes on the earnings generated by the work carried out in Costa Rica.

 

The visa also allows them to obtain a medical insurance policy that covers them throughout the period they are in the country. This benefit applies without the need to have a resident ID known as DIMEX.

 

Another benefit of this visa is allowing self-employed immigrants to open their bank accounts in Costa Rica’s local banks.

 

In addition, international digital nomads will be able to drive using their driver's licenses from their countries of origin without having to go through the homologation process.



To receive these virtual workers' visa benefits, the international remote worker who wishes to apply for the digital nomad visa must prove an income of at least $3,000 per month.

 

If they prove a monthly income of at least $5,000, they may provide their family with a visa to live in Costa Rica.

 

According to specialists, it is estimated that by building a large community of digital nomads in Costa Rica, they could contribute at least $600 million a year to the country's economy.

 

The Digital Nomads law is not the same as a standard work visa. People interested in getting a virtual workers visa should request that specific type of visa at the General Directorate of Migration.


If someone with a virtual workers visa decides to apply for a standard workers visa, the benefits of the new nomad workers law will be canceled.


The virtual worker's visa could also be canceled by order of the Migration in case the beneficiary has committed illegal activity in Costa Rica.


People interested in applying for a virtual worker visa should contact the Costa Rican embassy in their country.


In 2021, Costa Rica was recognized among the top destinations to live and work abroad. The recognition was based on the quality of life, ease to settle in, and cost of living, according to the surveys published in the two business magazines, Forbes and Bloomberg.




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How will this new law impact expat communities in Costa Rica?
We would like to know your thoughts on this story. Send your comments to news@amcostarica.com

 


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