Costa Rica – Increased Guarantee Deposits
October 07, 2019
The guarantee deposits required for foreign nationals has significantly increased in Costa Rica. The deposit is a fee paid to the authorities to ensure the cost of deporting or repatriating the foreign national, if necessary.
Fees range in increases from $ 300 USD to $ 4,800 USD, depending on the nationality. Temporary and Permanent Residence Visas, Residence Change of Status, and Restricted Entry Visa cases that have already been filed and pending approval, will be required to pay the new established amount upon case approval.
Employers who may be affected are encouraged to contact FGI for case-specific advice.