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Digital Nomad Exchange - Do I need to declare all of my income when applying for Pensionado Residency?
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Do I need to declare all of my income when applying for Pensionado Residency?

By Betsy Burlingame

Universal Tax Professionals
Universal Tax Professionals

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 member 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.

Immigration Help Costa RicaImmigration Help Costa Rica
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Immigration Help Costa RicaImmigration Help Costa Rica

Costa Rica Legal Residency is an articulately bi-lingual boutique firm with 15 + years of successful experience and exclusive focus on Costa Rica Temporary and Permanent Residency, Renewals, Digital Nomad, and Citizenship. Located minutes from the Department of Immigration.
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Click connect to have our partner contact you via e-mail and/or phone.

About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.


Immigration Help Costa Rica
Immigration Help Costa Rica

Costa Rica Legal Residency is a bi-lingual boutique firm with 15 + years of successful experience on Residency, Renewals, Digital Nomad, and Citizenship.
Learn More

Immigration Help Costa RicaImmigration Help Costa Rica

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Learn More

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