Posts Tagged

Real Estate

Tax-Rates-for-Strengthening-Solidarity-Housing-Programs-(ISO)
GovernmentReal EstateTaxes

The solidarity tax, also known as the “tax on luxury homes,” was created by Law No. 8683 on November 19, 2008 and had been in effect since October 1, 2009. The official title of this tax is the Solidarity Tax to Strengthen Housing Programs. This tax was created to fund

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non-traditional-accomodations-costa-rica
PropertyReal EstateTourism

The current technological revolution includes mobile applications for all kinds of services, from buying food and objects which you receive at your door, a ride around town and even non-traditional renting. In Costa Rica the latter type of service had not been regulated until the middle of the month of

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The-Maritime-Zone-in-Costa-Rica
GovernmentPropertyReal Estate

Costa Rica is a country rich in biodiversity: forests, beaches, mangroves, and wildlife are among the many natural resources protected by the state through solid environmental legislation. The extensive coastal zone includes two oceans and extends throughout the country. The Law on Maritime Zone No. 6043 establishes guidelines the protection

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Investing-in-Real-Estate--Advice-for-Securing-Your-Investment
PropertyReal Estate

The Costa Rican real estate industry is growing slowly due to the economic slowdown that our country is currently going through. However, there still are plenty of real estate projects being developed in urban and rural areas and, of course, they come with a lot of benefits and amenities which

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Are-you-a-landlord-in-Costa-Rica.-Find-out-about-the-obligations-according-to-the-new-Tax-Law
Landlord/TenantPropertyReal Estate

If you are the owner of a property in Costa Rica and offer it for rent, you should know that Law No. 9635 (the Law for Strengthening Public Finances) introduced new obligations that you must comply with. Leases in Costa Rica are governed by Law No. 7527 (Urban and Suburban

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BusinessReal EstateTaxes

With less than a month until Law 9635  (Law for Strengthening Public Finances) comes into effect, we have received a lot of questions and concerns regarding the implementation of the new law on day to day living. The simplest way to explain the upcoming changes could be through a modest

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CondominiumPropertyReal Estate

The Condominium Property Law was born at a time when real estate developments were simpler: often a simple conversion of a building with a few residential apartments translated in the birth of a condo. Much things have changed since then. The market is much more demanding nowadays, people changing needs

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CondominiumPropertyReal Estate

The number of square meters built as condominiums grew almost seven times in the last decade, according to data from the Costa Rican Chamber of Construction, since the total area used for housing in 2000, 13% were condominiums and the rest, single-family options. Meanwhile, already for 2009, the condominiums represented

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Real Estate

President Carlos Alvarado signed today an act of Congress suspending the evictions in the Maritime Zone. The purpose of the law is to create a moratorium for the evictions for a period of 36 months. Please note that this only a moratorium, upon expiration of the 36 months the government

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PropertyReal EstateTaxes

We have to engage with Real Estate agents in our regular course of business, and every time we meet a new real estate agent we discuss the nuances of real estate transactions and laws in Costa Rica. Sometimes they are receptive about our opinion, most of the time they are

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