foreigners can purchase property in Costa Rica without restrictions. However, there are limitations in the Maritime Zone (200 meters from the coast), where foreigners cannot directly own property, though they can do so through a corporation.
The costs include transfer taxes (0.75%), documentary stamp (0.18%), notary fees (0.5%-1%), property registration fees (0.45%), and real estate agent commission (2.5%-5%). These are typical additional costs when purchasing real estate.
:Yes, it is highly recommended to hire a real estate lawyer to ensure the transaction is legally sound. A lawyer will help navigate local property laws and ensure the property title is clear.
Costa Rica offers high rental income potential, particularly in tourist areas, and has a stable economy, making it an attractive destination for property investment.
Costa Rica offers various visa options, including the pensionado, rentista, and investor visas. Each program has specific requirements related to income and investment. A visa is essential for those looking to relocate long-term.
Costa Rica’s digital nomad visa allows remote workers to stay for up to two years. Applicants must demonstrate stable monthly income and meet other necessary criteria. Get details on how to apply and live and work remotely in Costa Rica.
Costa Rica offers tax exemption for income earned abroad, but income generated within Costa Rica, like rental income, is taxable.
The cost of living in Costa Rica is generally lower than in North America and Europe, though it varies depending on the area. Coastal areas and cities like San José can be more expensive.
Costa Rica is considered one of the safest countries in Central America, with low crime rates and a high quality of healthcare, making it an ideal destination for expats and retirees.
Yes, visiting Costa Rica before committing to a permanent move is highly recommended to explore different regions and evaluate the lifestyle and real estate options.
Costa Rica offers numerous services to expats, including real estate assistance, legal advice, relocation support, and local guides to help with the transition.
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