1 year
Initial Duration
$1,500
Monthly Income
$150
Application Fee
$1,500
Cost of Living/mo
Highlights
10-year tax holidayStable democracyPath to citizenship
Requirements
Income Requirement$1,500/month
Health InsuranceRequired
Proof of AccommodationNot Required
Background CheckRequired
Processing Time4-8 weeks
Duration & Renewal
Initial Duration1 year
Maximum Duration2 years
Renewal Options1 year, renewable
Benefits
Work Permissionremote only
Tax BenefitsTax holiday first 10 years
Path to ResidencyYes
Path to CitizenshipYes
Family IncludedYes
Things to Consider
- Small market
- Spanish helpful
- Expensive for region
Best For
- Tax optimizers
- Long-term planners
- Beach lovers
Lifestyle
Internet Quality4/5
Safety Rating4/5
Climatetemperate
TimezoneUTC-3
Ready to Apply?
Visit the official government website for application details.
Official ApplicationLast updated: January 2026