Have you ever dreamt of retiring in Costa Rica?
You’re not alone.
According to International Living’s 2015 Retirement Index, its one of the top five retirement dream locations in the entire world.
Retirement is the ultimate and well-deserved prize for those who have worked all their life; a time to relax and indulge. For many, this includes living abroad to expand their horizons, get the most bang for their buck, and have better health coverage.
More and more, Latin America is dominating the expat retirement market, and this year is no exception; four out of five of the top retirement locations are in Central and South America.
Costa Rica, a well-known expat and retiree location, has once again made this elite list, coming in at number 5. International Living nominated Ecuador as the number one spot, with Panama, Mexico, and Malaysia in second, third, and fourth place.
Among other praise, the report had this to say about the land of ‘Pura Vida’:
[quote_center]Costa Rica has a lot going for it…it’s a nature lover’s dream, with green-carpeted mountains, oh-wow volcanoes, and that blue, blue ocean.It’s got top-quality, affordable health care and is known as one of Latin America’s most peaceful nations (it has enjoyed over 60 years of uninterrupted democratic rule). Costa Rica has a wide variety of inexpensive housing, along with a wealth of every imaginable activity to keep you busy and happy.Long stretches of deserted and undeveloped beaches, on the Caribbean and Pacific Coasts…dense jungles teeming with exotic wildlife…towering volcanoes, lush green valleys, and hundreds of crystal-clear lakes, rivers, streams, and waterfalls…mesmerizing sunrises, sunsets, and star-filled evening skies…all these things, and much more, are drawing people to Costa Rica.[/quote_center]
But it’s not just the landscape and lifestyle that draws people to spend their Golden Years in Costa Rica. The government is very accommodating with its pensionado programs, making it fairly easy to gain citizenship and take advantage of the healthcare system and year-around warm weather.
As it currently stands, pension-based residency (pensionado) is a reality for applicants who can demonstrate a permanent fixed income of at least $1,000 per month from a verified retirement fund (Article 81 of Law 8764).
In addition to being a beautiful and tranquil place to retire, Costa Rica offers affordable real estate, a low cost of living and an incredibly laid back lifestyle – what more can you ask for?
For more information on living and retiring in Costa Rica, contact us!
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