Why Invest?

Costa Rica is positively one of the last peaceful places where to live and invest in the world. Costa Rica is known for its civilized way of life and it is no exaggeration to describe the country as an oasis of peace.

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Market Report

Our forecast is that the property prices in the Costa Rica will go up next year as it is showing continuous upward trend in the market.

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Economic Overview

Costa Rica's lively economy is the result of sound economic policies, strong exterior demand, and favorable circumstances in international capital markets. Costa Rica's economy, Central America's second-largest, is likely to expand by 3.0 percent this year, which is more than last year's growth of 2.7 percent.

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Visa/Residency Issues

Costa Rican authorities generally permit U.S. citizens to stay up to ninety days; to stay beyond the period granted, travelers must submit an application for an extension to the Office of Temporary Permits in the Costa Rican Department of Immigration.

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Getting to Costa Rica

There are numerous airlines flying into Costa Rica. Costa Rica becomes more popular with North American travelers, more flights are available into San Jos's Juan Santamari­a International Airport.

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Fees & Taxes

• There is a 13% sales tax.
• Value-added tax with a standard rate of 13%, but with various reduced rates from 8% to 12% for more basic goods and services.
• There is a 3% property transfer tax. This tax is based upon the registered value placed on the property transfer deed at the time of sale.

Costa Rica

Basic Information

Costa Rica Overview

Costa Rica officially the Republic of Costa Rica is a country in Central America, bordered by Nicaragua to the north, Panama to the south-southeast, the Pacific Ocean to the west and south, and the Caribbean Sea to the east. Costa Rica was the first country in the world to constitutionally abolish its army.

Average Property Prices

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Buying Process

• The Costa Rican real estate purchase process is comparatively simple, basic and well regulated. Investors consider making an investment into the property market in this striking Central American country which will benefit from a well developed title registration system as well.
• Property can be purchased in one person's name, together, or in the name of a corporation. It is very common in Costa Rica for individuals to put property in the name of a corporation in which they own all the shares.
• It is customary for the buyer and seller to share equally in the closing costs. This can be negotiated. There are three closing costs: government taxes and fees, notary fee, and mortgage costs.