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Making a foreign real estate investment is a dream many hold. Whether expanding an investment portfolio, seeking a vacation retreat, or planning for retirement, buying property overseas presents unique opportunities and challenges.
Property Taxes: The BasicsBuying property in Costa Rica comes with a perk—property tax on "Fee Simple Title" properties is just 0.25% of the fiscal value recorded with the local municipality and national property register. These taxes help fund local municipalities, unlike in some countries where the national government collects them.
Costa Rica has a reputation for offering good medical care, especially compared to other countries in Central America. The country has a universal healthcare system called the “Caja” (CCSS), which provides healthcare to all citizens and legal residents. Additionally, there are private hospitals and clinics that offer high-quality medical services, catering to tourists and expatriates. Many physicians in Costa Rica are trained internationally and are proficient in English, making healthcare accessible to visitors from abroad.
The capital gains tax in Spanish is called “Ganancias de Capital.” It was bound to happen! Capital gains tax is now a reality in Costa Rica and has been in effect since July 2019. What’s the rate? Well, the capital gains rate is fifteen percent (15%) of the gain. Being a home owner in Costa Rica, it is important for you to know how this tax can affect your personal tax situation.
Many people ask about Peninsula Papagayo because it is often mentioned in the news due to its popularity with the rich and famous. In this blog we cover, not only where the peninsula is located, but also the history, climate, flora, fauna and more.
You fell in love with Costa Rica and after looking at all the built homes in the area you decided that you want to buy a lot and build. If you haven’t built a house from scratch before than this guide will be quite useful. Even If you have built a home in the past this will help you avoid pitfalls particular to Costa Rica and keep you on the right track.
Let us state right up front: we're not saying "don't build a home in Costa Rica". We're just showing you all the options, including the best way to build a custom home from scratch.
99. Costa Rica is 99% green. It is almost totally carbon free, and the most environmentally protective country in the world and most of it still looks like it did when the dinosaurs walked the earth. You have to love and respect somewhere, which places nature above money. This haven will blow you away.
