Costa Rica Passes Stiffer Immigration Law

New regulations impose more controls on foreign population, with severe fines for illegal aliens.

Wednesday, August 5, 2009

The new law includes penalties for companies hiring undocumented immigrants and $100 monthly fines for foreigners staying illegally in the country.

"Pensions of $1.000 a month or rents of $2.000 a month will be needed for a residence permit", reports Mipunto.com, "...hotels and hostels will have to keep record of those who stay with them".

More on this topic

Panama: New Migratory Law Does Not Favor Investment

June 2009

According to the Union of Small and Medium-Sized Businesses (PyMEs), the new migratory law has made the country less competitive for the small investor.

The new law, which was approved in February, increased the total of the minimum investment from $40,000 to $160,000.

New immigration law for Panama

August 2008

Criticized by those that are affected, the new immigration legislation will regulate the stay of foreigners in the country and modernized laws that date back to 1960.

The new law reorganizes the different types of visas, requirements and penalties (in case of failure to comply) for foreigners that decide to enter and to stay in Panama.

El Salvador: Immigration Law to Include Investor Category

September 2011

The proposed reform will include the category of an investor, not provided for by current law.

A person entering the country as an investor will have a 180 day visa allowing them to explore existing investment opportunities.

The current law, from 1958, refers only to the classifications of tourist, temporary resident and permanent resident.

Agreement for chinese refinery vetoed in Costa Rica

March 2009

The Costa Rican Comptroller vetoed an agreement that would have allowed the construction of a $1 billion petroleum refinery.

The accord that was signed in 2008 between the state-owned companies, Costa Rican Petroleum Refinery (RECOPE) and the Chinese National Petroleum Corporation (CNPC) and authorized by president Oscar Arias, would have allowed the construction of a $1 billion, 12,000 barrel refinery in the Costa Rican Caribbean .

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MGP Panama

Organization that operates in El Salvador and Panama.
Phone: (507) 60225491

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