• John Kucera
    Posted September 30, 2018 11:14 am 0Likes

    I live in California but am also a homeowner and have a corporation in Uvita and want to be able to bank there. I would like to find a U.S. bank where I can deposit here in the states and have it accessible there. Is this something you have information about and can help with?

    • admin
      Posted October 1, 2018 8:14 am 0Likes

      Hi John! The banking systems aren’t connected in that way, so regardless of how you deposit in the U.S., the funds have to be transferred to Costa Rica. One option would be BAC, which is a large private bank with operations in both Costa Rica and the U.S. (BAC Florida Bank) whereby transfers would be much cheaper than the usual SWIFT wire transfers.

  • Leigh
    Posted February 18, 2021 3:51 pm 0Likes

    I am a bit confused as there seems to be a chicken/egg situation for those wanting to become rentistas. They require a bank account to deposit 60k USD into but to get a bank account they need to be a resident. Can someone please clarify for me? Thanks!

    • admin
      Posted February 18, 2021 6:52 pm 0Likes

      Hi Leigh,
      There are a few exceptions to the general rule that Costa Rican banks won’t open an account for residents. One of these exceptions is for setting up the bank deposit and staggered certificates of deposit in order to satisfy the Rentista requirement. That being said, if you were to walk into a random branch and ask to open an account to become a Rentista you’re likely to find confusion and blank stares. This is because most low-level bank employees in Costa Rica are not interested in dealing with special cases. Most won’t even know what a “Rentista” is.

      At CRIE we have experience with the necessary bank setup for Rentista status, and we can provide you with the introduction to bank executives who will understand your needs, open the necessary account and set up the staggered certificates of deposit, and furnish the bank letter that Migración needs.

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