What's new in global
15 July 2021
This week, the SSW Global Immigration team would like to highlight the following updates from Costa Rica and Spain.
Costa Rica: Changes to Temporary Residence Category
The government of Costa Rica has approved a new law that will benefit foreign investors and retirees. The recent changes have come as part of the government’s plan to attract foreign investment and boost economic recovery following the COVID-19 pandemic.
The new law will make the following adjustments:
- The minimum amount required to gain investor status has been reduced from 200,000 USD to 150,000 USD. The types of investments acceptable have been expanded to include sustainable tourism infrastructure projects and venture capital funds.
- The processing of Temporary Residence applications has been streamlined, which will reduce the 10-12 month waiting times.
- A wide range of tax benefits will be offered to foreign nationals who obtain temporary residence.
Spain: Extension of Travel Restrictions
Temporary travel restrictions imposed by Spanish Authorities on non-essential travel from countries outside the European Union and Schengen areas have been extended through 31 July 2021. The country list includes the United Kingdom and exceptions apply for vaccinated travellers.
The accepted vaccines include those authorised by the European Medicines Agency or others that have the emergency use validation from the World Health Organisation.
The vaccination certificate issued by the relevant authority from each country will be accepted as valid, given that 14 days has passed since the administration of the last dose.
Global immigration support
If you have any worldwide immigration queries, please contact the SSW global immigration team. We are able to provide full support with the visa application process and also post–arrival assistance.
With the help of our global network, we are well equipped to navigate international law and assist with the processing of your visa, whilst ensuring that local immigration rules are met thereafter.