Costa Rica Visa & Residency > Costa Rica Immigration FAQ > Do I need to declare all of my income when applying for Pensionado Residency?
Do I need to declare all of my income when applying for Pensionado Residency?
By Betsy Burlingame
Last updated on: Feb 05, 2020
No, you are not required to declare all of your income when showing proof of US $1,000 income when apply for residency under the Pensionado program. "You are not required to inform immigration if you have multiple pensions/SS payments, only the one that you choose to use and is nearest to the $1000 minimum required. 7-10% should be in the ballpark of this declared amount, but unfortunately one never knows 'exactly' what it will be, until at the end of the game," wrote one expat in a discussion about Pensionado status.
The reason it is important to understand this is because the level of income you show proof of when applying for residency is used to calculate your CAJA payments. CAJA is calculated as a percentage of your declared income.
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About the Author
Betsy Burlingame is the Founder of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Some of Betsy's more popular articles include 6 Best Places to Live in Costa Rica, 12 Things to Know Before Moving to The Dominican Republic and 7 Tips for Obtaining Residence in Italy. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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Updated On: Feb 05, 2020
First Published: Feb 05, 2020