Costa Rica, often celebrated as the ‘Switzerland of the Americas,’ stands as a beacon of stability, prosperity, and potential in the region. With a long-standing democratic tradition, political stability, and an array of investment opportunities, it’s no surprise that Costa Rica continues to captivate the interest of investors globally.
But what truly sets Costa Rica apart is its commitment to transparency in property dealings. If you’re drawn to its sunny shores and are thinking of investing in real estate, rest assured that the National Registry has got you covered. Every property’s status is carefully documented and made available to the public. With the guidance of a trustworthy local attorney, you’re well on your way to acquiring a lovely Costa Rican haven. And for those with dreams of constructing their dream home or establishment, local municipalities are ready to assist with relevant zoning laws and permits.
It doesn’t stop there; the Costa Rican government’s support for foreign real estate investors is truly commendable. They’ve introduced various tax incentives, with a special focus on boosting tourism. This proactive approach showcases their keen interest in maintaining and enhancing Costa Rica’s global appeal.
Another important point worth noting is that property taxes in Costa Rica are astonishingly low. Averaging at about ¼ of 1% of a property’s assessed value, these taxes are a pleasant surprise for many. A bonus is that often, the registered value of properties can be notably lower than their actual purchase price, leading to even more savings for eager buyers.
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