If you’re planning a move to Costa Rica…congratulations! You’re about to embark on—to borrow a phrase from Bill and Ted—a “most excellent adventure”. Costa Rica is brimming with beauty and opportunity and that pura vida lifestyle everyone envies. As you plan your move, you’ll need to make plenty of big decisions. Will you live in the city or a charming beach community? How much space...
Some of us dream of moving to a tropical country and, with so many of us working remotely, this dream has the potential to become reality. Others imagine retiring to a sunny locale and spending lazy days strolling along beaches and warm nights dining in quaint local eateries. But it’s hard to imagine a place that could realize our dream without wiping out our bank account…until you consider Costa...
It’s about that time. You’re ready for a change, an adventure, or to make a financial investment for your future. You’ve gone over all the possible locations and your heart has led you to tropical Costa Rica (we don’t blame you). Whether it be the lush jungles or the gorgeous coastlines, the abundant wildlife or endless adventures, the affordable health care or you just want to be a part of the...
As you know, with the approval of law #9416 and its regulations, you must proceed with the mandatory disclosure for corporations and legal entities, submitting the requested records to the Central Bank of Costa Rica (BCCR). Scheduled of submission deadlines for the corporations for this first submission: To obtain a digital signature card, “firma digital”, interested parties must make an...
For many years property owners in Costa Rica never had to worry about Capital Gains Tax when selling their Costa Rican real estate. The existing law only applied capital gains tax to real estate developers that were in the business of developing and selling real estate. Everybody else was exempt. Recent changes to the Costa Rican tax laws implemented an across the board Capital Gains Tax (Ganancias de...
Text translated, adapted for English, and taken from the Costa Rican national newspaper La Republica. This article was published on Monday, December 10th, 2018. It was written by Costa Rican lawyer Douglas Soto. For the original Spanish version follow this link: https://www.larepublica.net/noticia/registro-de-transparencia-o-beneficiarios-finales As a mechanism to provide the State with more tools to...