Purchasing
Property In Costa Rica
"The acquisition
of real estate is one of the most significant
investments a person makes during his or her lifetime.
It can also be one of the most stressful. In foreign
countries such as Costa Rica, the normal stress
of the purchasing process can be compounded with
other risk factors, such as language barriers
and unfamiliarity with local laws and procedures.
That said, foreigners can and do legally and successfully
purchase property in Costa Rica..."
(To
read the full article click here)
Why you should use a Professional
Real Estate Broker in Costa Rica
Have you asked yourself what to do
when you have made the decision of selling or buying
a property?
Have you thought if you have enough time or if you
know the way and if you have the necessary contacts
to do this job efficiently?
Shall the results be the same if you hire the services
of a real estate professional? Can a broker, affiliated
to the Costa Rican Chamber of Real Estate Professionals,
satisfactory solve your needs of buying or selling
a property?
(To
read the full article click here)
Choosing a
Corporate Structure to do Business and/or invest
in Real Estate in Costa Rica
Many foreign individuals
starting a business in Costa Rica or merely purchasing
real estate for investment purposes decide to use
a corporate entity as the owner of such. This decision
is a very wise one, and it is what we highly recommend
to our clients as the first choice to be followed.
(To
read the full article click here)
Planning to
Invest in Costa Rica
"Many of our
foreign clients have similar concerns when we first
discuss their investment plans in Costa Rica. Almost
everyone we have met wants to know about incorporating,
buying property and obtaining residency..."
(To
read the full article click here)
Grupo Inmobiliario Europeo Diursa Finalizes
New Investment Projects For More Than $50 Million
In Costa Rica
They will begin Phase II of Eurocenter
Diursa and will define the bidding for the construction
of the most exclusive residential in Costa Rica.
Additionally, they will evaluate properties for
future investments outside the Metropolitan Area
The Spanish Group Diursa has more than 30 years
of experience in the real estate sector in Spain,
having exceeded 1.5 million square meters of construction.
Their volume of business is above $187 million
annually and holds real estate properties with
a market value of more than $1 billion dollars.
Their developments can be found in Spain, Costa
Rica, Ecuador, Miami, and recently in Germany,
Poland and Hungary.
(To
read the full article click here)
Legalizing your Immigration status in the
country
"Many foreign
citizens living in Costa Rica with an irregular immigration
status may have felt a real and immediate threat in
the last few months: a considerable increase in actions
by the Immigration Authorities against individuals
staying illegally in the country has been detected,
which, although mainly targeted to the large number
of Nicaraguan irregular immigrants historically present
in Costa Rica, has certainly affected Americans, Canadians
and Europeans as well..."
(To
read the full article click here)
What’s
“Up” in Guanacaste
"The boardroom
door had barely shut in our hermetically sealed building,
when our CEO turned to me and said, “ Maybe
it’s time for us to take a look around in Costa
Rica”. His comment was a result of a second
meeting in as many months with two different development
company’s inquiring if we had interest in participating
as equity partners with them in a development in Costa
Rica..."
(To
read the full article click here)
Neighborhoods
of the Central Valley
"Over half of Costa Rica’s population of
just over 4 million people lives in the Central Valley
also called the Central Plateau or Meseta Central
in Spanish. This valley lies at an altitude between
3000 and 4000 feet above sea level and offers a spring
like climate year-round..."
(To
read the full article click here)
San Jose and the Central Valley
"Costa Rica’s capital city,
San Jose, lies at an altitude of just over 3750 feet
above sea level and offers a nearly perfect climate
year round. A blend of the old and the new, San Jose
feels more like a town that has grown in all directions
than a big metropolis..."
(To
read the full article click here)
The Central
Pacific Coast
"This coastal
area of Costa Rica extends from Puntarenas in the
north to Quepos-Manuel Antonio area in the south and
includes expansive, semi-deserted beaches such as
Playa Hermosa and Esterillos known to surfers around
the globe, as well as Jaco Beach, Costa Rica’s
most popular beach resort with both locals and tourists
for over 20 years and Herradura beach which is home
to the World Class Marriott-Los Sueños Resort
and residential development with its outstanding marina
and golf course..."
(To
read the full article click here)
The North Pacific
Coast
"This area of Costa Rica located on the West
Coast of the Nicoya Peninsula, extends from Playa
Carrillo in the south all the way up to Puerto Soley
in the north near the border with Nicaragua. In this
area of Costa Rica, known as the “Gold Coast”
one can find many bays and coves and endless beaches
that will take your breath away..."
(To
read the full article click here)
The South Pacific Coast
"This coastal area of Costa Rica
extends from Dominical in the north (30 miles south
of Quepos) to the Osa Peninsula and the Golfito area
in the south and includes fishing villages, world
class surfing beaches, Corcovado National Park reported
by National Geographic as "the most biologically
intense place on earth", long stretches of deserted
beaches and uninhabited forests..."
(To
read the full article click here)
Water purification:
A Healthier and Less Expensive Alternative
to Chlorine is now available in Costa Rica
For decades we have tolerated the use of Chlorine
in our pools and in our drinking water as a "Necessary
Evil". Nobody likes it but the alternative of
unpurified water with algae and bacteria was an even
less appealing option. Who among us has not walked
out of a pool after a couple of hours and had red,
irritated eyes and the smell of chlorine attached
to our bodies and clothes, or drank tap water and
could smell and taste the chlorine present. Not pleasant
experiences but what choice did we have?
(To read the
full article click here)
Costa Rica's History
Costa Rica is unique in many ways and the reasons
for this have much to do with its location right
in the middle of the northern and southern American
continents. With respect to the abundance of flora
and fauna few places on earth can match it. Costa
Rica for example has more butterfly species than
the entire continent of Africa and more bird species
than all of North América, all this due to
its location as a land bridge between continents.
(To read the
full article click here)
Calculation table for transfer of real estate
Example value - $ 100,000.00
| Stamps |
% |
|
| Registry |
0.005 |
$ 500.00 |
| Agrarian |
0.001 |
$ 100.00 |
| Law 7535 |
0.002 |
$ 200.00 |
| Municipality |
0.002 |
$ 200.00 |
| Lawyer Board* |
0.00025 |
¢ 75.00 |
$ 25.00 |
| Treasury Department C.R.* |
¢ 625.00 |
less than
$ 2.00 |
| National archive** |
¢ 20.00 |
less than
$ 1.00 |
| Transfer taxes |
0.0151 |
$ 1,510.00 |
| Legal fees |
0.0125 |
$ 1,250.00 |
| Total about 3.8% |
0.03758
plus fixed costs above** |
$ 3,788.00 |
** Over the first
¢ 100,000.00 a fixed rate of ¢ 75.00 has
to be cancelled.
* According to specific table rates, shown maximun
payment in colones.
Up tu ¢1,000,000.00 you pay 1.50% in legal fees,
and 1.25% above that.
Law office of Alvaro Camacho - (506) 224-8252 - attorney@racsa.co.cr
|
