Investing in Costa Rica

home interiorMany foreigners have similar concerns when it comes to their investment plans in Costa Rica. Almost everyone wants to know about incorporating, buying property and obtaining residency in Costa Rica.

These three issues are the main components of what may be called the “typical investment package”. Just by following some basic steps, you can make your Costa Rican venture a very successful one. Below please find additional information in the form of MS Word documents which you may download and examine at your leisure.

Consider also that if the property you plan to buy is within a specific development, you may be required to become a member of said development, and may also have to abide by specific Condominium Rules and Regulations, which may or may not include construction limitations and /or guidelines. Be sure to ask the seller for copies of these Rules and Regulations if applicable.

Legal Transfer Fees and Maintenance Fees for your Property:

In addition to the cost of the property you acquire, there are additional one-time and recurring expenses that you will need to consider:

  • Property Transfer Fees and Taxes: corresponds to about a 12% to 15% of the cost of the property, paid when the property is purchased and transferred to your name.
  • Landowner’s Tax: 0.25% of the cost of the property per year.

Other Recurring Expenses:

  • Garbage Recollection and other Municipal Services: Garbage recolection and other services are usually billed quarterly and are based on lot size and street frontage.
  • Electricity: Each property has its own meter from the Instituto Costarricense de Electricidad and must pay its own electrical consumption.
  • Water: Each property has its own meter from Acueductos y Alcantarillados and must pay its own electrical consumption

Additional downloadable information that may interest you:

We have compiled some additional information that may be of your interest when considering purchasing your property in Costa Rica. The information is presented in the form of MS Word documents (.doc).