Get ready to live the Costa Rican dream! Investing in real estate in Costa Rica is a great way to enjoy the country’s natural beauty, economic stability, and relaxed lifestyle. But where to start as a foreign investor?
This article will guide you through the 5 essential steps for a successful real estate investment in Costa Rica, with valuable information for those who want to move or live their retirement in this earthly paradise:
1. Secure Your Temporary Residency:
Your gateway to owning Costa Rican property is obtaining a temporary residency visa. This crucial step allows you to initiate the investment process and grants you rights as a homeowner.
Pura Vida Made Easy! At Pura Vida Escrow & Trust we understand that finding a trustworthy attorney in a foreign country can be a challenge. For this reason, we have established strategic alliances with expert legal firms such as ERP Lawyers, who have specialists in immigration law to provide you with comprehensive advice in the management of your temporary residence.
2. Streamline Your Transactions with a Pura Vida Escrow and Trust Escrow Account
This secure and reliable tool allows you to manage funds and make disbursements transparently and efficiently, without the need for a local bank account, all under the supervision of Pura Vida Escrow. Our team of experts is dedicated to providing you with personalized and high-quality service, ensuring that each transaction is conducted securely, transparently, and efficiently.
Facilitate and protect your real estate investments in Costa Rica with a Pura Vida Escrow and Trust Escrow Account.
Benefits of Using a Pura Vida Escrow and Trust Escrow Account:
- Security: Protect your funds from fraud or disputes.
- Transparency: Maintain transparent transaction management.
- Efficiency: Streamline the payment process and reduce administrative burdens.
- Convenience: Execute transactions from anywhere in the world with internet access.
- Peace of Mind: Enjoy the peace of mind of knowing that your investment is in good hands.
3. Trust an Expert Real Estate and Residence Lawyer:
A qualified Costa Rican real estate attorney ensures that your rights are protected throughout the process. They will guide you through the legality of the purchase, provide you with expert advice at every step and will accompany you throughout the entire process.
4. Fulfill Your Tax Obligations:
As a foreign investor, it is important to stay up to date with local tax laws. Consult your financial advisor or attorney to understand the taxes that apply to your real estate investment.
5. Register Your Property with Diligence and Precision
Registering your property in the Costa Rican National Registry is a crucial step that finalizes the investment process and formalizes your legal right to the acquired property. By completing this step correctly and diligently, you guarantee the legal security of your investment and avoid possible complications in the future.
To formalize your legal right to the property and ensure a successful registration, follow these steps:
1. Gather the necessary documentation: Deed, cadastral plan, ID card, tax receipt, and any other requested documents.
2. Visit the National Registry: A registry official will guide you through the registration process.
3. Pay the fees: The fees vary depending on the property value.
4. Registration in the Public Registry: The property is registered in your name, formalizing your legal right.
Pura Vida Tip! It is recommended to seek the advice of a lawyer specialized in real estate law to ensure that the registration process is carried out correctly and without setbacks. Be sure to pay the registration fees within the established period to avoid fines or penalties.
At Pura Vida Escrow and Trust, we have strategic alliances that can help you successfully complete the process, such as ERP Lawyers, who have specialists in real estate law and can provide you with advice on this step.
Embrace the Pura Vida with Pura Vida Escrow & Trust!
Pura Vida Escrow & Trust is here to simplify and guide you every step of the way.
Our secure Escrow services safeguard your funds and guarantee a transparent, hassle-free transaction. Eliminate the complexities of opening a local bank account. With Escrow, you can purchase your property without additional banking procedures.
Contact us today and let’s unlock the doors to your Costa Rican dream together!
info@puravidaescrowandtrust.com
