In Costa Rica you must pay a single tax of 0.25% of the reference amount registered with the municipality "Avaluo". The "Avaluo" is generally well below the real price of the property or the price of the sale (the notary lawyer who makes the sale does not have the obligation to declare the amount of the sale to the register, therefore the tax n is in no way directly correlated with the selling price). The "Avaluo" is only revisable by the municipality every 5 years if necessary. In case of built properties the "Avaluo" will be automatically increased, however remaining well below the actual commercial price. N.B: if you make a loan with a banking institution for the purchase of your property, the "Avaluo" will be automatically modified to the amount of the actual sale to the credit insurance companies which are reported. Similarly if you own a house you should contribute to the tax on the "recollection of basura" which is the tax for garbage collectors of the order of 15 USD per month. So investing in land is a very inexpensive and largely secure investment.

When you come on vacation to Costa Rica to, some time later, invest in Costa Rica in the purchase of a house, you inevitably ask yourself what is the cost of living in Costa Rica and what are the advantages of living in Costa Rica. Taxation is low in general and there are no housing taxes which, among other things, contributes to the cheap Costa Rica effect.

An important question when investing in real estate in Costa Rica is what can be gained from selling real estate in Costa Rica as throughout Costa Rica there is no capital gains tax . The only thing to be paid when selling or buying your property is a tax on the real estate transaction, not depending on the capital gain realized, but on the amount of the sale, 1.5% generally shared between the seller and the buyer in equal parts.

What are the costs incurred by a real estate purchase in Costa Rica? As a general rule the notary fees carrying out the real estate transaction is 2% even if a minimum legal scale is decreasing according to the amount which can go up to 1% exists it is difficult to find notary lawyers who follow the latter. However, these are costs that are also in principle shared equally with both parties. In principle, because these costs as well as the mandatory tax of 1.5% can enter into the negotiation.An approximate cost of 1.75% is therefore what is most often practical. That is 2+1.5=3.5 shared between the two parties, hence 1.75%.

There are several types of residency in Costa Rica. Permanent residence is obtained by filiation either to invest in Costa Rica when buying real estate in Tamarindo for example or when you are an annuitant in Costa Rica. But before starting these steps you can largely live in Costa Rica as a tourist by going back and forth to Costa Rica cheaply, in border countries for example and aisni enjoy a cheap stay.

Buying a house in Costa Rica, buying a view of land in Tamarindo or a property on the Pacific coast, buying an apartment in Tamarindo for rent or any other investment in Tamarindo, this is fully secured by the title deed. property that does not need a nominee to carry out these transactions in Costa Rica. No capital gains, very low taxes, in short for an investor investing in Tamarindo is not expensive, all you have to do is buy at the right price and clearly define your objective.

There are all types of property in Costa Rica from small inexpensive land in Tamarindo to large beachfront land in Langosta, commercial land, luxury homes with sea views or ranch-style homes, small apartments not expensive, quiet villas on the beach. It all depends on what you want to invest in in Costa Rica.

Yes, but it all depends on the type of property. You can legally buy property or land with just a tourist visa, without living in Costa Rica. Foreigners (residents or non-residents) and locals have the same rights when they want to buy real estate. Moreover, they are protected by the Constitution of the country. Before any real estate investment in Costa Rica, the non-resident must contact a real estate professional and lawyer (wealth manager, notary) to find out all the conditions of his investment. On the other hand, Costa Rica applies two restrictions to foreigners. First, they can only buy agricultural property granted by INDER (formerly IDA) to a low-income farmer. Provided that except the farmer has owned this property for more than 15 years. The second condition, foreigners cannot own the entire beachfront property located in a Maritime Zone.