Law Proposed to Cancel Fraudulent Deeds in Costa Rica

How to deal with property fraud in Costa Rica.  Cancel fraudulent deeds in Costa Rica administratively. A new legislative bill that is being introduced in the Costa Rican Legislature is aimed at resolving the inequities caused by fraudulent property transfers in Costa Rica.   If a pro
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Costa Rica Real Estate Survey

Costa Rica Real Estate Market Outlook for 2017

What does the Costa Rica Real Estate market look like for 2017 ? We were curious to see what the local real estate service providers were thinking.   To ask the question a survey was prepared in both English and Spanish and it was circulated among the Real Estate service providers in
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Costa Rica DIMEX Residency Card

What is a DIMEX Identification Card.   It is your residency card.   The Costa Rica banking system will not process bank to bank wire transfers known locally as a SINPE transfer for foreigners that do not have a DIMEX identification card. The DIMEX is nothing more than the Residency Id
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Working in Costa Rica

Can I Legally Work in Costa Rica ?

Can I Legally Work in Costa Rica ? This is the most often asked question that we receive.   Not all of you are going to like the answer.   Costa Rica is very protective of its local labor force and therefore the laws favor the hiring of local Costa Rican workers as opposed to foreign
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Costa Rica Corporation

Costa Rica Corporation Minute Books

The corporation minute book is required in Costa Rica.  If you have a Costa Rican corporation (S.A.) or a Costa Rican Limited Liability Company (S.R.L.) both will have minute books. The Costa Rican Limited Liability Company (Sociedad de Responsabilidad Limitada) is required to have th
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Costa Rica Indirect Transfer Tax

Costa Rica Taxes Indirect Property Transfers

Costa Rica taxes indirect property transfers.  The Costa Rican Legislature passed the law titled Ley de Fortalecimiento de la Gestión Tributaria, Ley No. 9069. This law modifies the existing law on real estate transfer taxes (Ley de Impuesto Sobre el Traspaso de Bienes Inmuebles Ley N
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Consumer Protection Costa Rica

Consumer Protection Law Expanded to Cover Real Estate Sales

By way of executive decree number DE-35548 the Consumer Protection Law of Costa Rica was updated to include contracts for future sales of real estate property. Under the new law developers that wish to offer pre-construction sales contracts will have to demonstrate their financial cap
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Costa Rica Environmental Law

Costa Rica Environmental Laws

The environment and protection of nature are important to Costa Rica.   The reason tourists flock to Costa Rica is to enjoy the the biodiversity of its environment.   To protect that environment Costa Rica has passed numerous environmental laws.  In this article I am setting forth the
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Bank Transfers within Costa Rica Using SINPE

Bank to Bank Transfers within Costa Rica Using SINPE  If you have an bank account at one of the Costa Rican banks you can transfer funds electronically between your account and accounts at any of the other Costa Rican banks using the SINPE platform which is (Sistema Nacional de Pagos
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Costa Rica Tax Obligations

Costa Rica Education and Culture Stamp for Corporations

The Education and Culture Stamp for Costa Rican corporations – what is this ? That is the most common reaction I get when I ask people if they know what the education and culture stamp is. This tax has been in effect since 1976 created by Law number 5932. Many people have ignore
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Costa Rica Earnest Money Deposit

Costa Rica Earnest Money Deposits

In Costa Rica just like most other countries around the world it is customary to tender an earnest money deposit in real estate transactions. In Costa Rica a deposit is known locally in several different names such as “deposito de garantía”, “arras confirmatoriasR
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Squatter Rights in Costa Rica

Squatters on my property in Costa Rica.  When you mention squatters in Costa Rica it conjures images of somebody physically taking over your property.  In Costa Rica the issue of squatters has its nuances because it may involve political, social and legal issues that don’t all necessa
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