The Law for the attraction of investors, rentiers and pensioners No. 9996 establishes a series of tax exemptions aimed at encouraging investment in construction. The Government of Costa Rica is handling a bill to attract the investment. This is the Law for the attraction of investors, rentiers and pensioners No. 9996. In this way, it announced a series of incentives with the purpose of reactivating the country’s economy. Foreign pensioners and pensioners with an investment capital of 150 thousand dollars may enjoy certain exemptions for a period of 5 years. People who wish to invest in persona ..read more

I think it’s safe to say that most people want to live in a peaceful country. And, if you’re like me, you’re probably wondering why Costa Rica is so peaceful. After all, it’s not exactly tiny; in fact, it’s the second largest country in Central America. So, what makes this place so different? Today we are going to explore reasons why Costa Rica is known for its tranquility…peaceful reading ahead! Costa Rica Overview: One of the first things you’ll notice about Costa Rica is that there are no military bases or even soldiers. That’s because the country has been at peace for over 60 years now. In ..read more

Where the mountainous terrain is surrounded by a green and natural environment. Naranjo is a predominantly agricultural region, surrounded by mountains, beautiful coffee plantations, and impressive views. Naranjo is a city of continuous growth, prospering and development, forming a close-knit community and deep-rooted Costa Rican traditions. Some of the larger properties are tucked away behind vast green landscapes. Many of the villas here are situated on high peaks with panoramic views. The region has one of the lowest population densities, with just over 17,348 inhabitants. Naranjo is known ..read more

How to open an escrow account, requirements, and the process in Costa Rica? Information provided by AFC Accounting If the transaction is made in your personal name: Copy of current passport Copy of the purchase-sale option contract. Sign the escrow contract with AFC (we base this contract on the information contained in the purchase-sale option ). Complete and sign the (KYC ) Know Your Customer form (basic personal information is requested). Proof of liquidity and origin of funds: We require the account information from which you are sending the funds, either the last 3 bank statements or a r ..read more

Why Costa Rica? Costa Rica is one of the oldest democracies in America. The country is currently home to many international organizations such as the Inter-American Court of Human Rights, the United Nations University for Peace, and the Earth Council. 25.58% of its territory is protected under various forms of conservation. Although the country is small and covers only 0.03% of the planet’s surface, it has the privilege of being the habitat of 5% of the existing biodiversity throughout the world. Their people : The ‘ticos’, as Costa Ricans are also known, are famous for being hospitable people ..read more

There are three types of corporations in Costa Rica: sole proprietorships, partnerships, and limited liability companies. Sole Proprietorship: A sole proprietorship is the most common type of business structure in Costa Rica. This type of business is owned and operated by one person. The owner has complete control over the business and is responsible for all debts and liabilities incurred by the business. Partnership: A partnership is a business structure in which two or more people co-own and operate a business. Partnerships can be either general partnerships or limited partnerships. In a ge ..read more

A town of world-class artists and artisans for being the “Cradle of Costa Rican Crafts” Sarchí is located between coffee and sugar cane fields, located in the province of Alajuela, hidden from the main roads between the city of Grecia and the city of Naranjo. A community surrounded by art, color, and beautiful traditions. Exploring Sarchí is exploring is experiencing the authenticity of Costa Rican rural life decorated with thousands of colors. It is a town of friendly, hard-working people, artisans, and experts in the brush and wood. Its enormous “Typical Costa Rican Cart” located in the cent ..read more

Costa Rica ranked among the ten cheapest places to live – 2023 There are several reasons why the cost of living in Costa Rica is considered lower compared to the United States. One of the main reasons is the cost of goods and services, such as housing and food. According to Forbes magazine in its article “Quit your job and move: the ten cheapest places to live” written by the talented writer Laura Begley Bloom on January 3, 2023. Costa Rica is in the “5” position. Why? “With a lower cost of living, ease of commuting to and from North America, and affordable healthcare, it’s no wonder Costa Ric ..read more

There are a lot of questions to ask when you’re thinking about investing in Costa Rican real estate. How much should you invest? What’s the best way to protect your investment? Should you put your property in a corporation? In this blog post, we’ll take a look at the pros and cons of incorporating your property. By the end, you’ll be able to make an informed decision about whether or not it’s right for you. So let’s get started! Putting Property into a Corporation: There are many factors to consider when purchasing property in Costa Rica, and one of the most important is how you will structure ..read more

WELCOME TO GRECIA Grecia is a picturesque community surrounded by large sugarcane fields and coffee plantations. Grecia is a town located in the province of Alajuela, in the northwestern region of Costa Rica. It is known for its charming streets lined with colorful houses, as well as its beautiful neo-Gothic metal church, which is a popular tourist attraction. The town is in the Central Valley region of Costa Rica, which is known for its beautiful landscapes and pleasant climate. When you travel exploring Grecia you will be amazed by the landscapes that unfold across rolling fields, and beauti ..read more