Why Costa Rica Real Estate?
Economic
Foreign Investment
For real estate prospectors, developers and investors, Costa Rica has facilitated the growth of foreign investment. Concessionary land on the ocean front is available in joint ventures to foreign buyers and developers. Low tax rates and a strong emphasis on infrastructure improvements have created a long and steady pattern of appriciation in Costa Rican real estate. The government has provided ways around title transfer fees and land improvement taxes. Under no circumstances has the government expropriated any land without it being in direct violation of the explicit Costa Rican national laws.
The Costa Rican government has introduced a wide variety of incentives to encourage foreign investment among international businesses. Among the most important is exemption from import duties, simplified procedures for accounting, special port tariffs, accelerated depreciation and tax credit certificates. These policies have given rise to a brisk rise in infrastructure, technology and quality of life in Costa Rica. There are no significant barriers to foreign investment and there are no restrictions on the repatriation of profits other than the deduction of withholding taxes which Costa Rica is considering abolishing.
The financial institutions and banks that deal with foreigners have strict codes to adhere to so that they ensure the financial security of their clients. Money transfers and other operations involved with real estate transactions and foreign investment are simple and inexpensive.
