Uncategorized

Tax Reform

Law 9996 to Attract Foreign Investment

The bylaws establish the regulations that apply to those foreigners who apply under the migratory categories of investors, rentistas, or retirees, guaranteeing simplification to residency processes. In relation to the category of Temporary Resident as Investor, it is confirmed that the minimum amount required is US$150,000 (previously it was US$200,000), and it is clarified that investments can be in real estate, registrable assets, shares, securities, and productive projects or projects

Power of Attorney Costa Rica

If you are purchasing property or conducting business in Costa Rica, you may need to grant someone else the authority to act on your behalf. This can be accomplished through a document known as a special power of attorney. Here’s what you need to know about special power of attorneys in Costa Rica. What is a Special Power of Attorney? A special power of attorney is a legal document that

Escrow Process

If you are purchasing a property in Costa Rica, you may hear the term “escrow” used in relation to the transaction. Escrow is a process that can provide both the buyer and seller with additional security and peace of mind during a real estate transaction. Here’s what you need to know about the escrow process in Costa Rica. What is Escrow? Escrow is a process in which a neutral third

Waterfall in Costa Rica

Water rights and usage in Costa Rica

Costa Rica is a beautiful country in Central America, famous for its stunning beaches, lush rainforests, and rich biodiversity. It is also home to a unique system of water rights that has been in place for over a century. The concept of water rights in Costa Rica dates back to the early 1900s when the country established a national water authority, known as the Costa Rican Institute of Aqueducts and

Bungalow huts lifestyle

Lifestyle in the tropics of Costa Rica

Living in the tropics of Costa Rica can be an amazing lifestyle filled with sun, fun, and adventure. This Central American country is known for its breathtaking natural beauty, stunning beaches, and diverse wildlife. In this blog, we’ll explore what it’s like to live the tropical lifestyle in Costa Rica. Climate The climate in Costa Rica is tropical year-round, with two distinct seasons: the dry season (December to April) and

Avallanes by drone

Maritime Zone Laws Costa Rica Summary

Costa Rica is a beautiful country with a long coastline that borders both the Pacific Ocean and the Caribbean Sea. The country has a diverse marine ecosystem, including coral reefs, sea turtles, and a variety of fish and marine mammals. As a result, the country has established maritime zone property laws to protect this valuable natural resource. The maritime zone in Costa Rica is defined as the strip of land

Surfer catching a good medium wave - Surf Culture from Osa Rica Realty

Costa Rica’s Surf Culture

Welcome to the Costa Rica surf culture blog! In this blog, we will explore the vibrant surf culture of Costa Rica, one of the world’s most popular surf destinations. Costa Rica’s surf scene is renowned for its consistent waves, warm water, and stunning natural beauty. Surrounded by the Pacific Ocean to the west and the Caribbean Sea to the east, the country boasts over 800 miles of coastline, offering a

Coast of Avellanas - Blog from Osa Rica Realty

Property Ownership in Costa Rica For Foreigners

Foreigners can own property in Costa Rica just like Costa Rican nationals. The government of Costa Rica encourages foreign investment, and there are no restrictions on foreign property ownership. Foreigners can purchase property in Costa Rica either individually or through a corporation. However, it is recommended that foreigners seek the assistance of a local attorney to navigate the legal requirements and paperwork involved in buying property in Costa Rica. Foreigners

Tax keyboard

Costa Rica Tax Guide for Foreigners

This is general information on Costa Rica’s tax system for foreigners. However, please note that tax laws can vary depending on individual circumstances, so it is always advisable to consult a qualified tax professional for personalized advice. Tax Residency: In Costa Rica, individuals are considered tax residents if they spend more than 183 days in the country within a calendar year. Tax residents are subject to tax on their worldwide

Choosing to buy the right property - Blog from Osa Rica Realty

Why Choose to Buy on the Osa Peninsula

The Osa Peninsula is a stunning region located in the southwestern part of Costa Rica. With its lush tropical forests, pristine beaches, and diverse wildlife, the Osa Peninsula is a popular destination for nature lovers and adventure seekers alike. However, what many people may not know is that the Osa Peninsula is also a prime location for real estate investment. Whether you’re looking to invest in a vacation home, a