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 are required to obtain a residency status to be able to stay in the country for more than 90 days at a time, but this is not necessary to own property in Costa Rica. Many foreign property owners in Costa Rica visit the country for a few months each year and rent out their properties when they are not using them. It’s important to note that property laws and regulations in Costa Rica may be different from those in your home country, so it’s essential to do your research and work with a trusted local attorney to ensure that your property purchase is legal and secure.