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Originally Posted by BaghdadBob
Varius,
Thanks a lot for your quick reply. That was very helpful. I am seriously considering moving down there after your posts. One more thing. There is a 3-month foreigner's visa issued, which you can renew simply by leaving the country and then coming back after 72 hours? I'd like to stay there for a bit, but I don't want to spend 300,000 in investments right now  |
Yes you can live here doing that as well, leaving every few months to get your passport stamped by just driving to Nicaragua or Panama.
Being a resident though will make it a lot easier for getting things like phone lines, bank accounts, etc... in your name. Otherwise you have to register companies and do it all through their names, which isn't too bad either since it only costs $350-450 to incorporate one here.
The only problem that has, is when you leave the country (to canada or usa for example), when you try and return they may ask you to show them a ticket which proves you intend to leave the country within 3 months. I never had this problem myself, but know people who do everytime they fly, so they always have to blow 500-1000$ extra at the airport buying a useless ticket to get back in.