Why do money laundering and buying property in Costa Rica often go hand in hand? Should you be afraid to be seen as a money launderer when buying property in Costa Rica? The answers are simple: In Costa Rica, real estate is still a means of money laundering. Yes, you should be afraid, but only […]
Did you know that tax overdue corporations will be dissolved by the National Registry? If you own a Costa Rican corporation and have not paid your corporation tax up to date, you might be in trouble. That is if your corporation owns property or a vehicle. New laws are not always a good thing. In my […]
Do you have corporation owned real estate in Costa Rica? Now you need the approval of your board of directors to sell or get a mortgage on it. On August 24th, 2016 a new law was issued and duly published at La Gaceta on October 4th, 2016. This new law # 9392 is called Protection for the […]
Do you own a vacation rental? Have you thought about giving a power of attorney to your property manager? When you invest in a vacation rental or any other rental property in Costa Rica and you hire a local property manager to care of your investment, there are a few things you need to take […]
Why use escrow in Costa Rica real estate and how does it work? Some foreign buyers of Costa Rica real estate just assume that this works the same as it does back home. Wrong! Let’s start at the beginning. Buyers, as well as sellers of Costa Rica real estate, do not use escrow. They just […]
Does the property you purchase have a water easement? When you purchase a property in Costa Rica, for sure you want to check if the property has water or access to water and if the water is legally connected. You know why? In many countries, the water connection on a property is a very simple […]
A reader asks how what the options are to have property ownership for couples. Thanks to our readership for suggesting a great topic that is so important when you are buying property in Costa Rica as a couple. How can you divide the ownership between couples and what is prudent (and what not)? I’ve said […]
A few days ago I received an email asking for legal consultation with a well-known Costa Rica real estate lawyer who has written some guest blogs for us. Because we have over 350 blogs about Costa Rica real estate and many other topics on our website, I get a lot of emails with requests. Some […]
The size of Costa Rica real estate for sale can be a real problem. By law, the size of the property in the National Registry and the size shown on the survey map has to be exactly the same. If you hire the wrong person to sell your property or to represent you as a […]
Can someone purchase in my name in Costa Rica? I am not able to be there in time for the closing. This is a pretty common question we receive from clients. You are ready for your retirement in Costa Rica. Probably you have found the Costa Rica real estate you would like to purchase, hopefully […]
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by Ivo Henfling
