Costa Rica’s Digital Nomad Visa Law Offers Tourists More Options in Latin America – Nearshore Americas

Costa Rica’s Digital Nomad Visa Law Offers Tourists More Options in Latin America – Nearshore Americas

Many of us have heard about digital nomads who travel while working remotely for a company that allows them to travel, or as freelancers. The concept has been strengthened by changes that many companies around the world experienced during the pandemic within the confinement, and the remote work options that were allowed.

Costa Rica, whose tourism industry is important to the national economy, used the digital nomad explosion as an opportunity. Last September, the country approved the Law to Attract International Workers and Remote Service Providers, creating a new immigration classification in an effort to reactivate foreign tourism and to encourage long-stay visits through digital nomad visas.

Now that Costa Rica has officially approved this law, foreigners with an income greater than USD$3,000 per month are permitted to stay in the country for one year with the benefit of an extension for an additional year as long as they meet criteria. If they are looking to travel with family, their income must be USD$5,000 per month. In addition, digital nomads with a current valid driver’s license issued in their country of origin can legally drive in Costa Rica. The benefits granted by this law undoubtedly encourage foreigners to move to Costa Rica and will help promote the recovery of the country whose economy was damaged by the pandemic.

The introduction of this visa offers benefits to the following:

(1) Foreigners workers. They now have have the freedom to choose to be Digital Nomads within Costa Rica, 

(2) Foreign companies. They see this as an opportunity to promote the option of becoming a digital nomad as part of their company benefits. 

(3) Employers. They have realized that their expenses have been reduced due to massive utility, food and transportation subsidy reductions. Needless is to say, the digital nomad lifestyle also exerts pressure on some employers when they see that the employees are interested in this way of working

(4) Local economic reactivation. This new visa opens many doors to attract digital nomads, and the consumption of local services including accommodation, food, transportation, tutoring, rural tourism, and others. 

Another aspect worth mentioning is that digital nomads are not considered local employees; therefore, they will not be seen as tax residents and applicants will be exempt of taxes on the importation of the necessary equipment for their work including computers and telecommunication equipment that meet the proportionality criteria.

Foreigners with an income greater than USD$3,000 per month are permitted to stay in the country for one year with the benefit of an extension for an additional year as long as they meet criteria

Many digital nomads have jobs in the e-commerce industry, selling products online, virtual assistants, social media managers, teachers of the native language to which they belong, copywriters, content creators or other similar roles. Internet speed therefore becomes one of the most important aspects for any digital nomad and one of the advantages that Costa Rica offers is …….

Source: https://nearshoreamericas.com/costa-rica-digital-nomad-visa-law-latin-america/

Digital nomads