Real estate investment in costa rica can be a safe, easy and straightforward experience, if the adequate precautions are taken.
Given the particular history and the characteristics of our legal system, experience obtained from business deals in other countries does not necessarily apply. Knowledge over numerous specific nuances helps achieve constant and predictable results. These range from details such as the specific language chosen for drafting of contracts, to compliance with specific requirements determined by local authorities.
Any given transaction may be influenced by municipal regulations, national laws, administrative rules, financial regulations and other bodies of law.
Costa Rica is not only a country blessed with natural beauty, it is also well-known as a haven of safety and democracy in the region.
According to the Costa Rican Investment Promotion Agency (CINDE), well over 200 multinational companies operate in the country.
There are a series of factors that contribute to the country's favorable business climate:
- Costa Rica was one of the first nations in the world to permanently abolish the institution of the army. Since 1949 and until today Costa Rica is governed by a stable democracy without military forces.
- Highly prepared and bilingual workforce. The ratio of English-speaking Costa Ricans
- Low taxes and cheap access to goods and services
In addition, Costa Rica did very well in the Economist’s 2007 “business risk of investing” survey. It came in at 33rd in the world, out of over 200 — and not that far behind the US at 23rd!
–No taxes on retirement income
–Foreigners living in CR do not have to pay taxes on money earned abroad
Pensionados (retirees with pensions) only need to have a $600 USD pension per month to qualify for retirement Visas.
Investment in Costa Rica for recreational purposes, as an investment or for retirement, is an excellent choice:
Affordable housing
- Rent in Costa Rica
Living
Taxes
Price offset by low property tax
Quality of life in Costa Rica is high. Safest country in Latin America; and one of the top 5 environmental performers
