Videos

A recent poll conducted by CID Gallup showed that 2 out of 5 Costa Ricans wanted to leave the country. 41% of those aged 18-29 year old indicated that they would leave the country if the had the ability to do so. What is causing this ?

In this video I look at some of the economic and employment date that could explain the poll finding.

For more information about Costa Rica be sure to check out our website at: https://costaricalaw.com/

If you are considering moving, investing or retiring in Costa Rica be sure you pick up a copy of The Legal Guide to Costa Rica to keep you out of trouble: https://costaricalaw.com/crbooks/

For economic analysis about Costa Rica check out the website of Economia Hoy at: https://www.economiahoycr.com/

On July 14, 2021 the Costa Rican President signed the approval of the Law to Attract Investors, Rentistas and Pensioners known now as Law # 9996.

The Law will provide the following incentive:
ARTICLE 5- Incentives

The persons covered by this law shall enjoy the following incentives:
a) Tariff exemption and all present import taxes for one time only, for the importation of their household goods. In the applications they will be able to cover their dependents, for migratory effects. Household goods shall be understood as all new or used articles of a reasonable nature and quantity and proportionally sufficient for the needs of the beneficiary person of the present law and the members of his immediate family nucleus, including, among others, household furniture, electrical appliances, articles of home decoration, kitchen and bath utensils, bed linen……………

b) The beneficiaries may import up to two vehicles for land, air and/or sea transportation, for personal or family use, free of all import, customs and value added taxes. In case of loss of the vehicle due to theft, total destruction by fire, flood, collision or accident, occurred during the term of validity of the benefits granted according to the provisions of the second paragraph of article 12 of the present law, the owner may import another vehicle free of the indicated taxes……………………..

c) The amounts declared as income to qualify for the benefits of this law shall be exempt from income tax.
However, the income obtained in the national territory, resulting from investments made in the country, shall be subject to income tax, according to the provisions of Law 7092, Income Tax Law, of April 21, 1988.

d) Exoneration of twenty percent (20%) of the total transfer tax, in those real estate properties acquired during the term of effectiveness of this law, as long as the beneficiary person is the registered owner of the property. If the beneficiary person transfers these properties during the term of effectiveness of this law, he/she must cancel the taxes from which he/she was exempted.

e) Exemption of import taxes for instruments or materials for the professional or scientific exercise, carried out by the person with the migratory category of investor, resident pensioner or resident annuitant. The person must demonstrate, before the Ministry of Finance, that what is imported corresponds to his economic activity and meets the criteria of proportionality and reasonableness.

For more information visit https://costaricalaw.com/

For the most comprehensive guide on Costa Rica legal matters pick up a copy of The Legal Guide to Costa Rica. https://costaricalaw.com/crbooks/

What is the current status of the Law to Attract Investors, Rentistas and Pensionados and the Digital Nomad Law ? In this video I provide the latest update on the status of these proposed laws and their content.

For more information about Costa Rican legal issues go to https://costaricalaw.com/

Also pick up a copy of the best selling The Legal Guide to Costa Rica. https://costaricalaw.com/crbooks/

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/

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/

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/

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

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/

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/

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/