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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.
------------ 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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