Here is a detailed breakdown of the typical buyer’s closing costs for a property in Costa Rica.
A common question buyers have when purchasing property in Costa Rica is “what are the closing costs”. This is actually a very easy question to answer as the laws of Costa Rica dictate what the bulk of the closing costs are.
Updated August 16, 2022
There are some new tax laws and information that I wanted to share with you.
What is a 1031 exchange? I will try to make this simple. It is a provision made by the United States Internal Revenue Service that allows an American citizen or permanent resident investor to sell a property that is used for business or held as an investment and then reinvest the proceeds in a new property without immediately paying capital gain taxes.
We at Tres Amigos realty group are not paid any commissions or bonuses for clients using FINTRAC. This is purely a value added service that clients can choose to use. I placed this at the top of the blog, as some people will not read to the end. So please read on!
One of the few constants in life is taxes and fees. No matter where in the world you may live, there is a price to pay. Thankfully, here in Costa Rica it is a very small price to pay.
Great news! The US Embassy in Costa Rica now offers the option to renew your US passport by mail.
Why are more and more millionaires investing in Costa Rica, and what does that mean for you?
Disclaimer:
Escrow is an important element in any real estate transaction. It is used to protect both the buyer and seller throughout the transaction. Knowing how to prepare for escrow will make the process go smoothly and lead to less frustrations.
How do you start a business in Costa Rica? Is it possible for a non-citizen to do so? These questions are commonly asked by those who would like to move to Costa Rica but need some additional income in order to make it work. Or, maybe you have the entrepreneurial spirit, and your idea of an enjoyable retirement is to watch your idea grow into a profitable enterprise.
