Moving to another country is a decision for the brave. However, when the option is Costa Rica, taking that first step is more attractive.

Moving to Costa Rica not only implies starting a new life in a Central American paradise, but also brings many benefits, for example, when you decide to invest in this wonderful country.

It is about investing in business and properties indeed, but also investing in a future, in a dream and in hopes.

The main requirement for these people is to make an investment equal or above $150.000 (one hundred and fifty thousand dollars), in addition to this, documents such as birth certificates, criminal records, etc. must be provided.

But that is not all. Among the multiple benefits provided by this law are the following:

Import tax exemptions:

• Import tax Household goods: they will be exempt from import taxes on household goods (brand new or used), professional instruments for professional practice.
• Household goods: they will be exempt from import taxes on household goods (brand new or used), professional instruments for professional practice.

Real Estate transfer Exemption

Properties acquired during the term of the law, may have a reduction of up to 20% of the total transfer taxes.

Family members to be included

The person who is a spouse, minor child, adult with disability or unmarried child under 25 years of age with economic dependency of the persons who have opted for this category of investor, may also opt for a residence as a dependent in the country.

This is an overview of the benefits you can enjoy. However, each person, property and context must be analyzed beforehand to review its viability.

If you wish to know more about the wonders that Costa Rica has to offer, please feel free to reach us for a scheduled consultation and evacuate all your doubts.

By: Bayron J. Segura Céspedes
Paralegal at MBC Legal Costa Rica.