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Considerations for Incorporating a Company When Buying Property in 2019

Current Considerations for Incorporating a Company When Buying Property in 2019

I started practicing law in Costa Rica in 2003. At the time, incorporating, or not incorporating a company in Costa Rica to hold real property and other assets, was a straight forward decision. Property buyers were Incorporating a Company for basically 3 reasons: 1.      Limited liability aspect afforded by the corporate structure, 2.      Anonymity afforded […]

Who pays taxes in Costa Rica

Who pays taxes in Costa Rica

Do your homework on who pays taxes in Costa Rica, which taxes and when they have to be paid. This guide will assist you in having you always up to date on all your Costa Rican tax payments. That’s because the government won’t tell you and you will find out when it’s too late. This […]

Anonymous corporations are not anonymous anymore in Costa Rica

Anonymous corporations are not anonymous anymore in Costa Rica

Watch the new legal requirements on Anonymous corporations in Costa Rica. In the past, property in Costa Rica was almost customarily purchased into anonymous corporations by foreign buyers. One of the most important reasons was to protect the property for the personal liability of the owner. Another good reason was that several owners could possess a […]

Request the zoning or uso de suelo before property purchase

Request the zoning or uso de suelo before property purchase

Your first due diligence when buying land or a property in Costa Rica is to request the zoning or certificación de Uso de Suelo for that particular property. The certificación de Uso de Suelo is extended by the engineering department at the Municipality where the property is located. Each city has its own zoning plan […]

My corporation was dissolved by the Public Registry - did I lose my property?

My corporation was dissolved by the Public Registry – did I lose my property?

Are you amongst the more than 250,000 corporate owners whose corporation was dissolved by the Public Registry for non-payment of the Corporate Tax? If your corporation was dissolved by the Public Registry, what happened to your property? During the real estate boom of 2007-2008, real estate developers set up corporations so that their clients, could […]

Real Estate FAQ | River setbacks in Costa Rica are unbuildable

Real Estate FAQ | River setbacks in Costa Rica are unbuildable

River setbacks are restricted areas of property surrounding the rivers and creeks in Costa Rica. The law strictly prohibits to build any roads or structures on river setbacks. Prohibited also are excavation, alteration, improvement, grading, landfill, paving, and storage. INVU controls the river setbacks, so they can protect the riverbeds against destruction. Looking to purchase […]