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Costa Rica is worldwide
known as a tourist paradise and as a retirement
heaven. We also coordinate every detail for your
Unforgettable Visit to Costa Rica.
We work directly with the COSTA RICAN REAL ESTATE
BROKERS BOARD, this assures you we are legally
committed to give you the best service under Costa
Rica's Legislation.
COSTA RICA is blessed by having beautiful Beaches
(more than 137!!!), beautiful Mountains,
Rivers, Volcanoes, Rainforest and breathtaking
Countryside locations in a small portion of land.
Making Costa Rica not just a place you can enjoy but
a great investment makes it a double opportunity!
Even when you are not Costa Rica can also take
advantage of the booming rental market and create
more money.
There a lot of reasons to support why more than ONE
HUNDRED THOUSAND AMERICANS have purchased properties
in Costa Rica.
Costa Rica is the middle spot between North and
South America,
THE CENTER OF AMERICA.
People love the climate and the beautiful nature.
Here is another fact, a home purchased for just
$30,000 15 years ago bear the popular resort of Jaco
is worth as much as $1,000,000,000 today!
We help you buying properties in Actual Big Booming
Areas with a non-stopping increasing value, as well
assign Baby Booming Areas for the near future in als o
exotic, but cheap lands.
COSTA RICA is Central America's Jewel. Colonized
in
the early 16th Century, it's an oasis of calm land subtle beauty. Literally meaning "Rich Coast".
COSTA RICA is a small country of diverse geography
and topography. The country has both a Caribbean and
a Pacific Coast. A series of volcanic mountain
chains runs from North to South.
Costa Rica has recently caught many eyes as a hot
tourist spot but also as a great place to purchase
real estate. With so much public attention and a
vast number of tourists visiting Costa Rica every
year, the country offers a great investment
environment for real estate. Below are seven great
reasons to invest in Costa Rica Real Estate.
Stable Government:
Costa Rica is a democratic republic with three
branches of government and has enjoyed one of the
most democratic governments in Latin America. As of
1948, Costa Rica abolished it’s army and since 1949
has enjoyed its peaceful democratic existence, often
being referred to as the “Switzerland of Central
America”. The government is one of the people and
one that very much sees the value of tourism. Over
the past few years the government has incentives
foreigners to come and retire in Costa Rica. Stable
government ensures that the money you put into your
property is safe. Political turmoil will never be a
reason for illiquidity in your Costa Rican
investment and also provides reason why Costa Rica
is a great place to buy. There are many other
locations around the world that investors think of
to go and buy, but stability is very important and
should play a huge factor in anyone’s investment
decisions.
Stable Currency:
Investors want to know if their money is safe in
Costa Rica
Stability of the government has helped to maintain a
solid and stable currency.
The Costa Rican colon, also denoted as CRC is the
official currency of Costa Rica. (Currently $1 USD =
500.245 CRC). Colones come in notes of 1,000 up to
10,000.
US Dollars are also accepted as legal tender in
Costa Rica. Both are widely accepted and exchanged
throughout the country with approximately 90% of the
places of business in the country accepting the US
Dollar.
Tax Incentives:
This seems to be the one everyone loves! As
mentioned earlier the Costa Rican government has
created one of the most attractive investment
environments in Latin America.
Capital Gains Tax= 0% in Costa Rica. The capital
gains taxes are exempt for a business if the money
is derived from an activity that is not the normal
course of business for the company (This exemption
is established through the use of SA, or Sociedad
Anonima). Property Taxes in Costa Rica = .25%. This
rate is significantly lower than most places in the
world. As a result people are buying in Costa Rica
which increases demand and ultimately increases
value. There are not many places where you can buy a
piece of property that has incredible appreciation
potential with such low holding costs.
Corporate Tax: The Sociedad Anonima (S.A.)
These forms of corporate structures allow owners of
property to keep their names away from the
corporations they own (literally translates as
“anonymous society”). Ninety percent of all property
in Costa Rica is purchased through these S.A.’s.
When a property owner purchases property through
these S.A.’s they use a shareholder’s loan to fund
the purchase. Rental income generated is taken out
of the corporation as dividend income and deducted
against the initial investment and thus no taxes are
paid.
Income Tax: Only income generated in Costa Rica is
subject to income tax
Costa Rica offers large amounts of income to be
deductible and free from any tax
**all tax information should be verified by
independent tax professional. The Carvajal Group,
LLC would be more than happy to get you in contact
with a tax professional in Costa Rica to assist you
with your due diligence.
Proximity to Major U.S. Cities:
When investigating vacation destinations and
environments for second homes or investment
property, it is important to factor travel times to
the destination. Costa Rica’s proximity to major US
Cities gives even more reason why investors are
buying property in Costa Rica. Great tourist
destinations need to be close and easily accessible.
Major US Carriers offer direct flights to and from
Costa Rica from the following international airports
(3-5 hour flight times)
-Miami
-Houston
-Atlanta
-Dallas
-Chicago
-New York
-Los Angeles
-Toronto
Healthy Local Economy:
For baby boomers and entrepreneurs, spiraling costs
of living abroad, oppressive taxes and government
regulation in the US have placed Costa Rica high
atop the list of places to retire without
sacrificing standard of living. This is what savvy
investors are looking for!
No Ownership Restrictions:
Foreign Ownership is promoted in the country of
Costa Rica. In many foreign countries fee simple
title is only available to locals and without titled
ownership your investments can be at great risk. All
foreigners enjoy the same rights as Costa Ricans
when it comes to real estate ownership. Titled, fee
simple properties are all registered in the National
Registry of Costa Rica properly protecting your
ownership rights.
Excellent Lending market:
Prior to 2007, there was no market for lending in
Costa Rica and investors bought and sold property on
a cash basis. With the recent surge by worldwide and
US lenders as well as the strengthening of the Costa
Rican market, financing at reasonable rates is now
an available option. This addition to the real
estate industry has made it possible for many more
investors to buy property in Costa Rica and will
only increase the demand over time.
As you can see there are many great reasons to
invest in Costa Rica. Many people believe that it is
too late to make any money. This is not the case!
The time is now to invest in this beautiful country
and incredible vacation spot.
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