Investing in Costa Rica Property

Talk about foreign investments and there’s nothing that can compare to Costa Rica. Its fame as one of the safest and most attractive country for foreign investment in Latin America holds true today! Thanks go to the Costa Rican government as well as to its departments of ministry and financial institutions. The decidedly pro-U.S. and continental stance regarding the financial security and tax laws are an outcome of their joint efforts. .

Examples are plenty that speak accolades about the investment-friendly climate of Costa Rica. Equally responsible are the government policies that are in the process of making Costa Rica the Silicon Valley of Latin America. A trend that caught up fast, Costa Rica has already drawn in multi-nationals such as Microsoft, Acer, GE and Intel into its realms by offering facilities that have boosted major production and distribution. Evidences are to be found from the bill provided by the World Bank that certified Costa Rica as being the possessor of overall political and economic health as well as the land where the most stable and robust democracies rule in Latin America. The healthy economic growth rate is another factor that made the World Bank pass the felicitation.

While talking about personal investments in Costa Rica, it’s the land which people mostly focus upon. The major economic resources for Costa Rica being its fertile land, it makes more sense to the educated population to invest in it. And though the national forests and picturesque beaches occupy one-fourth of Costa Rica’s land, the remaining three-fourth provides enough space for the personal investors to move in. Areas like Guanacaste, Papagayo, Arenal, Puntarenas, Manuel Antonio, Dominical on the Pacific Coast are considered the prospective sites, while on the Caribbean, Puerto Viejo, Punta Uva, Cocles and Manzanillo are given the first preference.

If the investment is being made for setting up a business in Costa Rica, office buildings and business centers for sale and for rent are plenty. For small-scale manufacturing industries, Costa Rica has numerous numbers of warehouses for sale and on a rental basis. The locations deliver the entire necessary infrastructure, therefore, the investment value always stay upscale.

Costa Rica is one of the world’s primary tourist locales and is rapidly becoming a destination for a huge host of émigrés. The exotic natural environment, fair climate throughout the year and a secure and established government make investment in Costa Rica property very promising. The last few years have seen a major leap in the demand for Costa Rica property where a growing number of people wish to settle down. The scenic beauty of Costa Rica is perhaps the primary focus for most people who invest in Costa Rican property. The sight of the active volcanoes, the reposeful coasts, the beautiful mountains, the lovely rainforests with their bio-diversity and of course all the warm Costa Ricans are reasons enough to make people long to live in Costa Rica and therefore invest in Costa Rica property.

There are various things you should keep in mind while purchasing Costa Rica property. The most important issue involved in buying Costa Rica property is the property registration. The legal ownership of the Costa Rica property should be verified properly and only then should you invest in the Costa Rica property. A thorough research will help you to make sure that you do not make a bad investment and avoid being cheated by frauds. The two most important documents that you will require while buying Costa Rica property are the title documents that verify the registration of the Costa Rica property and the plot map. You can appoint an attorney to handle the legal formalities and procedures involved in buying Costa Rica property.

If you personally know the documentation and formalities that are required for buying Costa Rica property it will be easier for you to supervise the work of your attorney. The essentials involved are a proof of the tax payments, certification proof of the municipality that states the location of the Costa Rica property involved, and the availability of finance (that includes tax, fee for registration and fees for notary) for buying the Costa Rica property and finally a proof that the previous liens, judgments, mortgages, etc. have been resolved.

by: David Lovendahl