Invest and Live in Costa Rica is easy and safe in these times of a COVID-19 pandemic. There are great opportunities in this heavenly country to invest in a good business that provides profitability for the investor and for the local economy. Costa Rica is an excellent destination for foreign capital, likewise, it should be noted that the country has a clear immigration policy, which helps Direct Foreign Investment.

In this sense, if you have financial capital that you want to invest in, do not think too much about it, Costa Rica has the third-largest health system in the world in terms of quality and care, so you will have peace of mind to live a good life. The above, coupled with social, political, and fiscal security make the country an extremely attractive destination.

Advantages for the foreign Investor

Investing and residing in Costa Rica has many advantages, among which the following stand out: Health security, social security, ease of acquiring real estate, tax benefits, political stability, cost of living, and clear immigration policies if you want to get into other details our experts will be happy to provide you with the necessary advice.

It is important to mention that there are a series of benefits and incentives offered by Costa Rica for those people who seek to settle permanently in the country and wish to make an investment, for example there are tax exemptions for the import of household goods, vehicles, exemption of 20% of the total transfer tax of real estate acquired, among others.

Options to Live and Invest in Costa Rica

Costa Rica has extensive immigration plans and policies, for example, a widely used means are Temporary Residences as Investors, through which the applicant proves to have made an investment of USD $200,000.00., to opt for the immigration category. You can invest in different areas, such as real estate, vehicles, boats, shares, participations, or creation of legal entities in the country, securities, term investment certificates, tourism projects, forestry projects; in other words, there are many possibilities.

Likewise, pensioners who have a monthly and lifetime income of at least USD $1,000.00, can settle and enjoy all the advantages that the country offers them.

If you are interested in applying for any of these types of residency, please take into consideration that these are the general requirements that must be fulfilled:

• • Application form.
  • Letter stating the reasons for applying for the residency.
  • A payment of $250.00 (residency fee) must be made.
  • Payment of legal stamps.
  • Two passport size photos.
  • Fingerprint record issued by the Ministry of Public Security.
  • Consular Registration.
  • Birth certificate issued by the country of origin, duly apostilled and legalized.
  • Certificate of criminal record from the country of origin, duly apostilled and legalized.
  • Certified copy of all the pages of the passport.

In this sense, living and investing in Costa Rica is easy and safe, there is the possibility of investing in various Investment Funds, we also have non-financial Investment Funds, for example, Real Estate Development Funds and Real Estate Funds, as well as others. Investment funds that can be adjusted much better to your reality.

To conclude and as complementary information, in the Financial Market of Costa Rica the personal banking, corporate banking, and stock exchange businesses also stand out, the three most important intermediaries being BNCR SAFI with a 25% market share, BCR SAFI with 17%, and INS SAFI with 15% of the market. In these companies, there is the possibility of making investments of their capital.

At ERP Lawyers we have a multidisciplinary team, which will be able to advise you on any of your needs. Contact us by email: jose@erplawyers.com