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6 Mistakes when Using a Corporation for Property Ownership

6 Mistakes when Using a Corporation for Property Ownership

Estimated Reading Time: 5 Minutes For many years, lawyers have recommended the use of a corporation for property ownership for resident and non-resident foreigners. The choice of a corporate structure used to be recommended because of personal liability, estate planning, tax planning, and a few other reasons. Also, real estate developers used to create corporations […]

Same-Sex Marriage in Costa Rica is legal now

Same-Sex Marriage in Costa Rica is legal now

Estimated Reading Time: 3 Minutes Starting today, same-sex marriage is legal in Costa Rica today, on May 26, 2020. This is great news for the LGBT community in Costa Rica and those planning to relocate to Costa Rica. In January 2018, The Constitutional Chamber of Costa Rica gave Congress the opportunity to process a law […]

Legal Due Diligence Seminar Before Moving to Costa Rica

Legal Due Diligence Seminar Before Moving to Costa Rica

Don’t “fall on your face”, like so many who moved to Costa Rica before you, when buying or renting a property. Protect yourself, your family, and your money. Learn about everything you should NOT do when you buy, or rent a property in Costa Rica. Participating in this legal due diligence seminar is the best […]

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

When you work, own a business, or a property in Costa Rica, you have to pay taxes in Costa Rica as well. Do your homework and learn which taxes in Costa Rica, when they have to be paid, and other details. This guide will assist you in having you always up to date on all […]

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 […]