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How to Buy Real Estate in Costa Rica
Purchasing real estate in Costa Rica requires the buyer to do ample research and get competent legal advice to ensure that you will not have any problems with your real estate transaction in Costa Rica. This video is designed to introduce you to the real estate purchase process from contract to recording title to the property.
You can view my blog articles about the real estate purchase process in Costa Rica at:
The Real Estate Closing Process:
https://costaricalaw.com/costa-rica-legal-topics/real-estate-and-property-law/the-real-estate-closing-process/
Buying ? Building ? Here is What you need to know
https://costaricalaw.com/costa-rica-legal-topics/real-estate-and-property-law/buying-building-here-is-what-you-need-to-know/
For more detailed legal information be sure to pick up a copy of The Legal Guide to Costa Rica
https://costaricalaw.com/crbooks/ -
How to Apply for Rentista or Investor Residency
In this video I will review the current procedures to apply for Rentista or Investor Residency at the Department of Immigration in Costa Rica.
To apply for residency under the Rentista category (Article 82), the applicant must show that they will receive at least US$2,500 per month of income in a permanent, stable and irrevocable manner for at least 2 years. This category includes the applicant, their spouse and all their children which are under the age of 25.
The Investor Category (Article 79 (4) ) requires an applicant to demonstrate that they have made an investment in Costa Rica. To qualify for investment status the applicant must show that they have invested at least US$200,000 in Costa Rica.
Due to Covid regulations the Department of Immigration is working by appointment only so it is important that you understand how this impacts your residency application process.
For more details read my blog post on How to Apply for Residency in Costa Rica – a Step by Step Guide. https://costaricalaw.com/costa-rica-legal-topics/immigration-and-residency/how-to-apply-for-residency-in-costa-rica-a-step-by-step-guide/
Go to CostaRicaLaw.com and get your Free Costa Rica Immigration Guide for 2021: https://costaricalaw.com/
Department of Immigration Contact Page: https://www.migracion.go.cr/SitePages/Directorio.aspx
The Department of Immigration Appointment site: https://servicios.migracion.go.cr/Citas/Account
The Department of Immigration online Portal: https://tramiteya.go.cr/dgme/
For information on getting health insurance from the Costa Rican Caja : https://www.ccss.sa.cr/tramites/?cat=113
For my blog article on the mandatory health insurance read here: https://costaricalaw.com/costa-rica-legal-topics/immigration-and-residency/costa-rica-caja-health-insurance-payment-scale/ -
Santa Teresa Beach - Mal País and Manzanillo. Is Costa Rica beach life for you ?
I travel to the Nicoya Peninsula of Costa Rica to Santa Teresa Beach and then visit Mal Pais and Playa Manzanillo. Santa Teresa has become a very popular destination for nomads, ex-pats, and celebrities. Tom Brady, the Tampa Bay Bucks QB has a house in Santa Teresa. In the area, you have the diversity of being at a world-class surfing spot with the jungle and nature of Mal País and then combine that with the peacefulness of Playa Manzanillo and you cannot go wrong in your visit to this area.
For more information on Costa Rica visit my blog: CostaRicaLaw.com
If you are considering moving, living or retiring in Costa Rica do it the right way with The Legal Guide to Costa Rica https://costaricalaw.com/crbooks/
Star Mountain Jungle Lodge: https://www.starmountaineco.com/
Las Caracolas Restaurante Mal Pais: https://www.facebook.com/lascaracolasmalpais/ -
How to Set Up and Manage Your Costa Rica Company - Course Introduction
Welcome to my introduction to the course on How to Setup and Manage a Costa Rican company. This course walks you through step by step in detail from the ground up to sucessfully setting up and managing your Costa Rica company. # MyCostaRicaCompany
Know how to start a company in Costa Rica
Know how to set up your company the correct way
Know how to select the name for your company
Know why it is important to have a registered agent
Learn to do a basic name availability search
Learn how to do a basic trademark search
Learn about shares and voting rights
Know how to comply with all company filing requirements
Know what are your tax obligations
Know how to grant a Power of Attorney
Know how to convene a shareholder meeting
Know how to register a foreign company in Costa Rica
Know how to dissolve and liquidate your company
You can purchase the course here: https://costaricalaw.com/courses/managing-your-costa-rican-corporation/
For YouTube viewers and subscribers of our channel we have a 20% discount which you can redeem with this coupon for a limited time. YTUBECRLAW -
How Green do You Want to Live ? Follow me to Finca La Isabela in the Orosi Valley
In this video I travel from San José to the town of Orosi which is a little over an hour drive passing through the city of Cartago. The town of Orosi is the oldest original settlement in Costa Rica where the spaniards settled due to the abundance of water and fertile land. I visit Finca La Isabela which is an extensive farm where a large percentage is reserved for forestry preservation under carbon credit programs. This area of the country has extensive bio diversity and is lush and green so you can enjoy the surrounding mountains and nature during your visit.
For more information about the Orosi Valley: https://www.govisitcostarica.com/region/city.asp?cID=197
TripAdvisor:https://www.tripadvisor.com/Tourism-g309232-Orosi_Province_of_Cartago-Vacations.html
If you visit the area stop by the natural mineral springs of Hacienda Orosi: https://haciendaorosi.com/
For more information on Costa Rica visit my website and blog at: https://costaricalaw.com/
Pick up a copy of my book The Legal Guide to Costa Rica https://costaricalaw.com/crbooks/ -
Where to get plants and herbs in the Central Valley
Costa Rica is all about being outdoor and enjoying nature. We are fortunate to have great weather year round which allows us to grow many different varities of plants and herbs. In this video a tavel to two of my favorite plant and herb nurseries in the central valley area.
Vivero Central La Garita in La Garita de Alajuela
https://www.facebook.com/Vivero-Central-La-Garita-798652776881128/
The Ark Herb Farm near Santa Barbara de Heredia
https://arkherbfarm.com/ -
Costa Rica 2021 Update - What is coming up
In this Costa Rica 2021 Update I will discuss upcoming filing deadlines for those that own a Costa Rica company or property. I will do an overview of the current covid status report, the economy and the upcoming polticial elections of 2022.
For Economic information on Costa Rica checout:
OECD Economic Survey Costa Rica
https://www.oecd.org/economy/surveys/costa-rica-2020-OECD-economic-survey-overview.pdf
http://www.oecd.org/economy/costa-rica-economic-snapshot/
Economia Hoy. An Economic information channel in Spanish
http://www.economiahoycr.com/
For Covid information visit https://covid19.go.cr
For Travel Information to Costa Rica visit
https://www.visitcostarica.com/en/costa-rica/planning-your-trip/entry-requirements
For more information about Costa Rica visit my website at https://costaricalaw.com/
Be sure to pick up a copy of my book The Legal Guide to Costa Rica at https://costaricalaw.com/crbooks/ -
My Tour of a Costa Rica Cattle Ranch
Join me as I get on a horse and tour a Costa Rica cattle ranch. We travel to the area of Sardinal, Costa Rica where the province of Puntarenas ends and the Province of Guanacaste begins. The majority of cattle raised in Costa Rica is grass-fed. The ranch we are visiting is a very traditional setup of a Costa Rican cattle ranch.
For insight on the nuances of Costa Rican cattle:
https://larutadelclima.org/2020/07/31/nuances-about-costa-rican-livestock/
The Costa Rica Cattle Association has many studies and statistics about cattle raising in Costa Rica http://www.corfoga.org
For more information about Costa Rica visit my website at: https://costaricalaw.com/
If you are considering living, retiring or investing in Costa Rica be sure to pick up a copy of The Legal Guide to Costa Rica. This comprehensive guide will keep you out of trouble in Costa Rica. Available from Amazon for $9.99 https://costaricalaw.com/crbooks/ -
Costa Rica is Open for Tourism - Will The Tourists Come ?
Costa Rica is fully open to tourism as of November 1. Will the tourists come? There are only two requirements to enter Costa Rica now and that is: (1) To purchase a travel insurance policy and (2) Ro complete an online health information card. https://salud.go.cr/
There is NO covid testing required and no quarantine issues.
You can purchase travel insurance from any international carrier that will cover Covid. You can also purchase it from the Costa Rican Government Insurer - Instituto Nacional de Seguros: https://micrositios.ins-cr.com/seguroviajero/ The private insurer Sagicor also offers a policy: https://tiendasagicor.com/en
For more information on Costa Rica visit us at https://costaricalaw.com/
https://www.facebook.com/CostaRicaLawGroup
Your best way to stay out of trouble in Costa Rica is to be informed. You can do so with the latest edition of The Legal Guide to Costa Rica available from Amazon now. https://costaricalaw.com/crbooks/ -
Financial problems and protests in Costa Rica - What happened ?
Costa Rica erupted in protests in part due to the announcement of the government that they needed to raise taxes to cover the budget shortfall.
The financial mismanagement and the waste in Costa Rica go way back and even before Covid-19 hit in Costa Rica we already had an unemployment rate of 15.7%. The economic effects of Covid have now jumped to 23.2% and it accelerated the financial pressure on the economy.
The government does not generate enough money to cover the 2020 fiscal budget.
As such the President proposed making up the difference by increasing taxes and only making minimal cuts to government spending.
Costa Rica had already had a tax increase in 2019 with the Law to Strengthen Public Finances and that increased the tax burden on every part of the economy.
Despite that tax increase, the deficit continued and hence the new call for more taxes. That request was met with people getting organized and taking to the streets to protest any new tax increases.
OECD Economic Survey of Costa Rica 2020: https://www.oecd-ilibrary.org/sites/2e0fea6c-en/index.html?itemId=/content/publication/2e0fea6c-en
News footage from:
NC 11 https://www.repretel.com/programa/nc-once/
CRHoy: https://www.crhoy.com/
For more information about Costa Rica visit our site:
CostaRicaLaw.com https://CostaRicaLaw.com
Facebook: https://www.facebook.com/CostaRicaLawGroup/
Twitter: https://twitter.com/lawincostarica
Instagram: https://www.instagram.com/costaricalaw/ -
Costa Rica opens travel from the United States – How will it impact the tourism industry ?
The Costa Rican government announced that Residents and citizens who enter as tourists from any U.S. state will be able to enter Costa Rica starting November 1, 2020. According to the Minister of Tourism this measure will help the country's economic recovery and job creation.
In the interim, residents of the States of Florida, Georgia and Texas will be able to enter starting on October 15, 2020.
According to data from the Ministry of National Planning and Economic Policy (MIDEPLAN) , allowing the entry of US citizens could generate US $ 1,5 billion in foreign currency, or 2.5 points of Gross Domestic Product (GDP).
For more information from the Costa Rican Tourism Institute see their Covid-19 information section here :
https://www.ict.go.cr/en/institutional-services/coronavirus-support-material-tourism-sector.html
For the official Statement List of Countries and U.S. States Authorized to Visit Costa Rica see the following link:
https://www.ict.go.cr/en/documents/material-de-apoyo-coronavirus/declaraciones-del-ict/1809-statement-list-of-countries-and-u-s-states-authorized-for-visiting-costa-rica-10-02-20/file.html
US Embassy citizen services section:
https://cr.usembassy.gov/u-s-citizen-services/
British Embassy in Costa Rica:
https://www.gov.uk/world/organisations/british-embassy-in-costa-rica -
New law proposed to attract Baby Boomers and Investors to Costa Rica residency programs
A new law has been presented in the Costa Rican legislature called the Law for the Attraction of Investors, Rentistas and Retirees #MoveToCostaRica
The proposal which is pending approval in the legislature, provides for the following:
Declaring the attraction of investors and retirees as a public interest.
Import Duty Tax Exemptions. You will be able to bring in your household items into the country tax-free. You will also have the right to import one vehicle into the country duty-free.
Income Tax Exclusion. The income that you reported as your basis for residency would be excluded from Costa Rican Income Tax.
Property Transfer Tax Discount. If you purchase real estate in your personal name, then you will receive a 20% discount from the Costa Rican real estate transfer tax.
For the Resident Investor category, it drops the investment requirement from US$200,000 to US$150,000.
Expedited Processing. The law indicates that they will create a specialized service window within the Department of Immigration to handle processing for Investor, Rentista, and Pensionado residency categories.
You can read the full text of the law here : https://costaricalaw.com/costa-rica-legal-topics/immigration-and-residency/new-law-to-attract-baby-boomers-and-investors-to-costa-rica/
For more information check out my video on Moving to Costa Rica: https://www.youtube.com/watch?v=JzxyHPRdMA8&t=1s
For detailed residency information read our Step by Step How to Apply for Residency in Costa Rica at : https://costaricalaw.com/costa-rica-legal-topics/immigration-and-residency/how-to-apply-for-residency-in-costa-rica-a-step-by-step-guide/
Also don't miss The Legal Guide to Costa Rica. The most comprehensive source of legal information about Costa Rica. US$9.99 from Amazon at:
https://bit.ly/legalguideCR #TheLegalGuideToCostaRica
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