It is important to know that North Americans can stay in Costa Rica legally for up to 3 months. They must then leave for a period of 72 hours, then can then return to the country for another three months. If the three-month period is overstayed, a travel agency or ARCR can arrange payment of a small fine and prepare the travel documents required to leave the country for the required 72 hours.
Tourists can own vehicles, property, and businesses and generate income from self-employment.
However if you intend to live in Costa Rica, it is recommended that you obtain Legal Residency. This may now be especially important as new legislation may be passed to prevent perpetual tourists from remaining in the country. There are several options if you are considering becoming a resident of Costa Rica, and the process can be started after your arrival, however you will need to bring certain documents with you. In most cases residency takes about 4 months to process. Pensionados, Rentistas and Inversionistas can claim their spouses and children under 18 as dependents.