Why Costa Rica Real Estate?
No Ownership Restrictions
Valued by Government
The Costa Rican government recognizes that the support and establishment of ideal circumstances for foreign investment is crucial for the encouragement of real estate development and market strength. Promoting foreign investment enhances exports with new technologies and the creation of employment. The Costa Rican government and its laws promote direct foreign investment. Both major political parties share this value and consistent policies have been implemented actively since the early eighties. Also, the improvements of conditions that universally attract foreign investment have been implemented. The theme in these foreign investment friendly policies has been simple. Do not get in peoples way!
Costa Rican laws, policy and practices cultivate competition and do not discriminate between locals and foreigners, regarding business affairs. The only deviations from this are the social infrastructure industries that are constitutionally excluded from complete foreign ownership: telecommunications, energy and insurance. Tax, labor, health and safety laws do not restrain the surge of investment foreign or domestic.
The government has developed organizations and committees dedicated to enhancing the ease to which foreign ownership of real estate and other businesses can come about. Reducing taxes, transfer fees, notary fees, mortgage barriers and financing complications have been a successful strategy by Costa Rica to limit ownership barriers and hence forth, establish a booming real estate market.
