Any idea of how to pay the corporation tax when out of the country? Do not lose any sleepless nights over the new Costa Rica corporation tax or “Impuesto a las Personas Jurídicas”. I updated this blog on 3/14/2019. Do you own a corporation or Sociedad Anonima or S.A. in Costa Rica? Then you are supposed…
I just went through the nicest Costa Rica real estate closing of my life. Even though it was probably one of the most difficult ones too. I have had some really nice closings, But I’ve also had some real impossible ones. Allow me to explain. Well, during this transaction, we went through practically every obstacle…
I hope you’ve read part 1 of this blog series about the nicest real estate closing of my life. Not every Costa Rica real estate closing is fun. Who had expected that the bank appraiser obliged to seller to get involved in all kinds of extra payments? Especially because in Costa Rica, you buy a…
A Costa Rica real estate closing can be a nerve-racking issue if you don’t know what you are doing. Or worse, if you’re not in the good hands of a knowledgeable realtor. I just went through the nicest real estate closing of my life as described in part I and part II. This was a…
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The use of escrow services when buying Costa Rica real estate Costa Rica Banking, Costa Rica Legal, Costa Rica Real Estate TopicsBy Ivo HenflingMay 10, 2022Leave a comment Estimated Reading Time: 6 Minutes The safest way to buy real estate in Costa Rica is through escrow services. These services are a secure way to transfer…
Estimated Reading Time: 7 Minutes When selling to a local buyer, there is a good chance that the seller will purchase with bank financing. If you want a smooth process and do not get stuck with unknown procedures, follow the recommendations in this article. If only one real estate agent is involved, especially a Godutch…
Estimated Reading Time: 4 Minutes Did you know that Law 8204 can freeze your property sale proceeds if you cannot show the origin of the funds? The sale proceeds are the funds received by a recipient from the sale. You might think, “What do I care where the buyer got the money.” But, unfortunately, you…
Estimated Reading Time: 4 Minutes Did you know that you’ll all be better off when you pay your household employees every week instead of by the month? Most of the time, I find new topics for my blogs while being with clients shopping for a home in Santa Ana. This time, my clients and I…
Estimated Reading Time: 5 Minutes Many think that moving to a new country is the hardest part, but how difficult is it to settle in? Moving abroad takes guts, organization, and a lot of hard work. When moving to Costa Rica, you’ll have to plan a zillion things like, what to take and what to…
Estimated Reading Time: 7 Minutes Can you possibly buy a house with bank or owner financing and no money down in Costa Rica? Is that possible? The short answer is no unless you do it illegally. And believe me, it happens. I recommend against it. If you are selling your house and a buyer or…
Estimated Reading Time: 6 Minutes Homebuyers often have different challenges to overcome, the reason we like to give you these 3 useful homebuyer tips. Unfortunately, foreign buyers need to be aware of the fact that you need to be a resident to obtain home financing in Costa Rica. I’ve seen a couple of banks who…
Estimated Reading Time: 4 Minutes Buyers make loads of house shopping errors, especially when they come from another country. I’m sure that first making this big decision of moving to Costa Rica and then making costly mistakes when buying a house in your new home country, is not What you are looking for. I’m also…
Estimated Reading Time: 5 Minutes In many countries, it is pretty common for homeowners to live in a house for five to seven years before selling. It’s rare a house is a “forever” house. The truth is, if you are like most people, when you purchase a house, you only plan to stay for a…
Firma Digital is a digital signature, which is used for making or signing an electronic document using the technology known as public-key cryptography. It allows you to digitally sign a document. Only as such will a document be received and accepted by the Costa Rican government or finance agency. The card is personal, and meant…
Estimated Reading Time: 7 Minutes Not very often buyers ask if they lose earnest money in escrow if they will not close on time. Most of the time, they have an agreement to back it up. You don’t want to lose part of your nest egg because you made the wrong decision. It’s horrible to…