2 years
Initial Duration
$1,350
Monthly Income
$450
Application Fee
$1,000
Cost of Living/mo
Highlights
US dollar currencyDiverse landscapesLow cost of living
Requirements
Income Requirement$1,350/month
Health InsuranceRequired
Proof of AccommodationNot Required
Background CheckRequired
Processing Time2-4 weeks
Duration & Renewal
Initial Duration2 years
Maximum Duration2 years
Renewal Options2 years, renewable
Benefits
Work Permissionremote only
Tax BenefitsNone
Path to ResidencyYes
Path to CitizenshipYes
Family IncludedYes
Things to Consider
- Safety concerns in cities
- Infrastructure varies
- Spanish needed
Best For
- Budget nomads
- Nature lovers
- Spanish learners
Lifestyle
Internet Quality3/5
Safety Rating3/5
Climatesubtropical
TimezoneUTC-5
Ready to Apply?
Visit the official government website for application details.
Official ApplicationLast updated: January 2026