Costa Rica Real Estate Magazine

ARTICLE | REAL ESTATE

What is a Digital Nomad? Well for starters, it is a totally new category of Traveler/Resident. They arrive like a tourist but generally prefer to trav- el during less crowded months and want to be fully immersed in their new location´s culture and day to day living just like someone who moves here as a resident. Their stay can generally be for 6 to 12 months and sometimes lon- ger if they become enamored with the place. They are concerned with finding a place with good to excellent Internet service so that they work efficiently and constantly. They generally make a good income and thus have dispos- able income to spend during their time at a new location, thus contributing to the general economy. This is a trend that has been growing steadily and will continue to do so and while the pan- DIGITAL NOMADS PROPOSED LAW Exora Luxury Villa, Turrucares Unique Design with Modern Style and luxury nishes, with multiple ambiances for sharing and surrounded by many gardens; a perfect location with plenty of privacy and tranquility. Lot: 14,676 m², Construction: 2,192m², Bedrooms: 4, 4 full baths and two ½ baths, Guest and employee house. Parking: 4 int / 16 ext, pool, jacuzzi, sauna, BBQ. Price: US$2,500,000 4 4 full / 2 half bath demic severely limited the travel choices in the short run, in the middle and long run it will help to accelerate this trend as many companies realize that work- ing from home, wherever that may be, is a much better option in many ways for both the employee as well as for the em- ployer. There are of course many Digital Nomads who work for themselves and do not actually have a formal employer. The beauty of this workstyle is the abso- lute freedom to choose where you will work from so that you can be on a per- manent vacation where at the very least you have nights and weekends to ex- plore and enjoy your current destination. A Digital Nomad only needs his comput- er, a good Wi-Fi connection and an up- to-date passport and the money needed to sustain this lifestyle which should be coming from his or her online work. No longer are you tied to the four walls of an office environment. Here in Costa Rica, you could be working from your terrace in the jungle or forest while the monkeys and birds watch you and wonder what you are doing or from a beachside café after an early morning of surfing, swim- ming or running. It is an almost perfect working lifestyle!

Luxurious House + Pool Ciudad Colón Lot: 1,012m², Const: 454m², pool +BBQ, Parking: 2 int / 4 ext Costa Rica also sees this as a good op- portunity for the reactivation of the econ- omy and offers a similar time zone for North American related work in addition to all the other advantages of living in Costa Rica. With this new type of Trav- eler in mind, a new Digital Nomad Law has been proposed as follows: BENEFITS FOR THE DIGITAL NO- MAD • One Year Visa which can be extended • No Income Tax • Free importation of needed Profession- al equipment-materials • Current Driver´s License is fully valid during Nomads stay • Permission to easily open local bank accounts REQUIREMENTS FOR THE DIGITAL NOMAD • Monthly Minimum Income of US$3,000 • Have a US$4,000 Medical Insurance for family group Price: US$540,000

Price: US$710,000

Price: US$587,000

16 COSTA RICA REAL ESTATE MAGAZINE 3 full / 1 half bath Luxurious Penthouse Escazú Construction: 324m, 3 Rooms + service room / bathroom + TV room + Terrace, Parking: 2 interior. 3

LuxuriousPenthouseCerroAltoEscazú Construction: 235.20m, 3 Rooms + service room / bathrooms + Balcony, Parking: 2 interior.

4 full / 1 half bath

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2 full / 1 half bath

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