Costa Rica Real Estate Magazine

ARTICLE | REAL ESTATE

TIPS AND GENERAL GUIDELINES TO CONSIDER IF YOU ARE PLANNING TO INVEST IN COSTA RICA

28 COSTA RICA REAL ESTATE MAGAZINE It is possible to register the title of the purchase of real estate in the Costa Ri can National Registry either in the per sonal name or through a corporation. What’s required if the company holding the title is not running a business activ ity? It is only required to file the inactive corporation report informing the total value of the assets held by the compa ny. However if there is a business activ ity a D101 income tax has to be filed ev 12 COSTA RICA REAL ESTATE MAGAZINE C osta Rica is an amazing coun try with a widely diverse culture, history, nature, activities, ge ography, friendly people and delicious typical foods. Coming to Costa Rica will be a great adventure and the charisma of its people will make you feel more than welcome. It is such a great des tination for vacationing but also if you are looking for a business opportunity. With a very reasonable value you will find real estate with an ocean, moun tain or valley views along with diversity of the perfect weather with an average of 22°C (71°F) and 27°C (81°F). English speaking professionals such as Supervised Escrow Agents, Law Firm, Public Accountants, Real Estate Agents and others, are able to assist you with the purchase process, before, during and after closing. Jeimy Quesada Delgado E & T Escrow and Trust Solutions www.EscrowTrustSolutions.com +506 27716789

tips and guidelines. Capital Gains Tax: Approved and im plemented since July 2019, with a rate of a 15% c apital gain tax applied to the gain. However, if the property was ac quired before July 2019, there is good news as well; Congress added a provi sion to protect the owner in such situ ation. This provision allows real estate owners (persons and corporations) in such situation to apply for a special rate when they sell the real estate. Instead of paying 15% of the net profits, the law allows them to apply for a 2.25% to the gross sale price. There are also yearly miscellaneous payments per corporation to consider:

ery year no later than March 15th.here are also yearly miscellaneous fees and taxes to maintain the corporations and title in good standings. It requires very little effort at low costs. In addition, because E & T Escrow´s team knows and understands how im portant it is for you to count on a reli able team to assist you after closing; our Payments Account service is an ex cellent solution if you prefer to delegate monthly obligations related to mainte nance, payroll, utilities, HOA, property taxes, insurance and any other items while the monthly obligation are in the hands of experts. If Costa Rica is your next investment destination, we want to give you some