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      IMPORTANT - READ BEFORE POSTING to SUPPORT FORUM   01/28/2011

      Posts to this Support Forum are to be related ONLY to one's ARCR membership.   Please post all other types of questions to the appropriate forum.   Only Forums Moderators, Administrators and ARCR Employees ae able to make any replies to this ARCR Support Forum.   Paul M. Forums Moderator ==
rpiercy

PLEASE SEND EMAIL part 2

7 posts in this topic

{ Do you have clients that are foreigners? Are they important for your business?

 

Are you aware of a new immigration proposal that will prevent a vast majority from coming? Is this wise at a time when the global economic situation appears so weak?

 

Please read about our initiative, and lend us your support….

 

PLEASE EMAIL YOUR CONCERNS, OPINIONS, OR SIMPLY A LETTER OF SUPPORT TO US AT admin@arcr.net }

 

The new immigration proposal has requirements that most, for technical reasons, would not be able to meet. The intention is to increase the category of Pensionado from $600/month to $2000 peer month required. For Rentistas from $1000/month to $5000/month requirement. With both of these groups at an unreasonable 500% increase, what would be the new financial requirement for Investors? We don’t yet know.

 

The government is saying that these numbers are “easy to attain”. The ARCR works with these groups, abd we belive that to be entirely false.

 

A typical pensionado here has a pension of around $1200 per month, and information supplied by Social Security in the USA, their Average Pension is currently $1090 per month. In our opinion, the USA has amongst the highest pensions paid in the world, and for that we fail to see how $2000 could be easy to obtain? We are also certain that the Canadian pensions, another large group of retirees here, are only around US$600-$700 per month.

 

Yes, it is true that these person spend more here, averaging around $2000 per month in expenses, the problem is that like most retirees around the world, this comes not only from pension, but also their savings and investments from years of labouring. To obtain the status the requirement is ONLY proof that you pension is high enough.

 

For Rentistas, the only allowable proof is a letter from a Financial Institution that you will receive the required amount over 5 years. For many to put $60,000 has been somewhat acceptable trade-off to live here. The new requirement would now be $300,000 tied up in a bank… at low interest. Most people find this to be ridiculous, and simple insanity to tie up so much at such a poor return. Maybe 2 or 3% annually. Most simply would go elsewhere, along with their investment capital.

 

And does it really now cost that much to live in Costa Rica? Is it reasonable?

 

How much will now be required by Investors??? And do individuals with this much money really need to move to Costa Rica?

 

The government has also said that this is for reasons of National Security. Does this mean then that those with less than the new requirement are undesirable? Or criminal? We cannot agree.

 

Anyone who has a pension, by design of having one, is indirect proof that they have labored for 20+ years to receive one. This to us demonstrates that they likely then were normal upstanding members of their community. Furthermore, migracion requires proof of criminal history from their country, and supposedly the police here do a background check via fingerprints. Are these methods not more correct in determining the desirability of those who wish to move here?

 

WE FEEL THS WILL NOT ONLY STOP MANY FROM COMING, BUT THE MERE PROPOSAL IS ALREADY SENDING A MESSAGE INTERNATIONALLY THAT COSTA RICA DOESN”T WANT FOREIGNERS HERE which is not true. Though many want to disagree with us, we have received communications to this effect, and this will affect both Tourism and Foreign Companies from coming with new jobs. We know also because this happened before when the proposal was made in 2004.

 

How will this affect Costa Rica? The government feels there will be no economic impact. We disagree.

 

JOBS: These people who relocate here hire people. From help at home, to gardeners, taxis, and so on. Some even start up small businesses, creating more employment in the private sector.

 

REAL ESTATE: Just ask a local realtor or developer, how much of the sales of new homes and condos are to foreign investment. Less sales… less construction…

And again, this will mean less jobs in construction, less sales in hardware and building supplies, and so on.

 

INVESTMENT: Oh, ok. A foreigner can no longer move here, the sentiment projected is that they are no longer wanted here, but they will go ahead anyway and send down investment capital, or put money with the banks here? Why? It is not likely to happen that way.

 

TOURISM: That same feeling, not being wanted, will affect tourism. If you don’t want foreigners here, likely they will comply by not coming. In addition, those that live here often have friend and family visiting every year. Our survey showed this to be 5 visitors on average per resident. That adds up to HUNDREDS OF THOUSANDS OF LESS TOURISTS that will go visit these residents who have to move to other countries.

 

INTERNATIONAL CORPORATIONS: The same perception has caused, and we have knowledge of specific instances, has also deterred already some major companies from opening offices here, costing again hundreds or thousands of potential new jobs from being created. This will have greater impact as this perception gets out to other countries and businesses.

 

IF YOU HAVE ANY FEEDBACK, PLEASE SEND US YOUR EMAIL ASAP.

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{ Do you have clients that are foreigners? Are they important for your business?

 

Are you aware of a new immigration proposal that will prevent a vast majority from coming? Is this wise at a time when the global economic situation appears so weak?

 

Please read about our initiative, and lend us your support….

 

PLEASE EMAIL YOUR CONCERNS, OPINIONS, OR SIMPLY A LETTER OF SUPPORT TO US AT admin@arcr.net }

 

The new immigration proposal has requirements that most, for technical reasons, would not be able to meet. The intention is to increase the category of Pensionado from $600/month to $2000 peer month required. For Rentistas from $1000/month to $5000/month requirement. With both of these groups at an unreasonable 500% increase, what would be the new financial requirement for Investors? We don't yet know.

 

The government is saying that these numbers are "easy to attain". The ARCR works with these groups, abd we belive that to be entirely false.

 

A typical pensionado here has a pension of around $1200 per month, and information supplied by Social Security in the USA, their Average Pension is currently $1090 per month. In our opinion, the USA has amongst the highest pensions paid in the world, and for that we fail to see how $2000 could be easy to obtain? We are also certain that the Canadian pensions, another large group of retirees here, are only around US$600-$700 per month.

 

Yes, it is true that these person spend more here, averaging around $2000 per month in expenses, the problem is that like most retirees around the world, this comes not only from pension, but also their savings and investments from years of labouring. To obtain the status the requirement is ONLY proof that you pension is high enough.

 

For Rentistas, the only allowable proof is a letter from a Financial Institution that you will receive the required amount over 5 years. For many to put $60,000 has been somewhat acceptable trade-off to live here. The new requirement would now be $300,000 tied up in a bank… at low interest. Most people find this to be ridiculous, and simple insanity to tie up so much at such a poor return. Maybe 2 or 3% annually. Most simply would go elsewhere, along with their investment capital.

 

And does it really now cost that much to live in Costa Rica? Is it reasonable?

 

How much will now be required by Investors??? And do individuals with this much money really need to move to Costa Rica?

 

The government has also said that this is for reasons of National Security. Does this mean then that those with less than the new requirement are undesirable? Or criminal? We cannot agree.

 

Anyone who has a pension, by design of having one, is indirect proof that they have labored for 20+ years to receive one. This to us demonstrates that they likely then were normal upstanding members of their community. Furthermore, migracion requires proof of criminal history from their country, and supposedly the police here do a background check via fingerprints. Are these methods not more correct in determining the desirability of those who wish to move here?

 

WE FEEL THS WILL NOT ONLY STOP MANY FROM COMING, BUT THE MERE PROPOSAL IS ALREADY SENDING A MESSAGE INTERNATIONALLY THAT COSTA RICA DOESN"T WANT FOREIGNERS HERE which is not true. Though many want to disagree with us, we have received communications to this effect, and this will affect both Tourism and Foreign Companies from coming with new jobs. We know also because this happened before when the proposal was made in 2004.

 

How will this affect Costa Rica? The government feels there will be no economic impact. We disagree.

 

JOBS: These people who relocate here hire people. From help at home, to gardeners, taxis, and so on. Some even start up small businesses, creating more employment in the private sector.

 

REAL ESTATE: Just ask a local realtor or developer, how much of the sales of new homes and condos are to foreign investment. Less sales… less construction…

And again, this will mean less jobs in construction, less sales in hardware and building supplies, and so on.

 

INVESTMENT: Oh, ok. A foreigner can no longer move here, the sentiment projected is that they are no longer wanted here, but they will go ahead anyway and send down investment capital, or put money with the banks here? Why? It is not likely to happen that way.

 

TOURISM: That same feeling, not being wanted, will affect tourism. If you don't want foreigners here, likely they will comply by not coming. In addition, those that live here often have friend and family visiting every year. Our survey showed this to be 5 visitors on average per resident. That adds up to HUNDREDS OF THOUSANDS OF LESS TOURISTS that will go visit these residents who have to move to other countries.

 

INTERNATIONAL CORPORATIONS: The same perception has caused, and we have knowledge of specific instances, has also deterred already some major companies from opening offices here, costing again hundreds or thousands of potential new jobs from being created. This will have greater impact as this perception gets out to other countries and businesses.

 

IF YOU HAVE ANY FEEDBACK, PLEASE SEND US YOUR EMAIL ASAP.

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I am grateful that this forum and site gave me access to Ryan Piercy directly and I soon expect to have my questions answered.

Edited by petewhite

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<--- Newbie here. Great post, but what is the status update? Has any proposals been implemented? Is this still relevant or are they still considering it? Thanks, Joseph

Edited by JosephDR

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<--- Newbie here. Great post, but what is the status update? Has any proposals been implemented? Is this still relevant or are they still considering it? Thanks, Joseph

 

I'm with Joseph; what the "H" are you talking about. This is the first I've heard of all this. We have our paperwork in and are planing to move to CR in Aug. but Panama is not that big of a jump.

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This was initially brought up by Ryan in 2008. The info he gave was the proposed changes by immigration, but ultimately immigration settled on the $1000 per month pensionado & $2500 per month rentista amounts.

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