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Contacts |
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Tropical Felgate (UK)
Head office
+44
207 625 4490
UK National Rate:
08456-12-4427
USA Toll Free:
+1 888- 722-4427;
Phone USA:
+1 646- 652-6430;
Skype UK:
Tropical Felgate
(Costa Rica)
+506-2670-1750;
+506-8344-3201;
+506-8887-2519;
Skype Costa Rica:
Tropical Felgate
(Canada- Sales Only)
+1(416) 732-5482 |
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Full Legal service from
FACIO & CAÑAS |
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 FACIO
& CAÑAS was founded in 1942 by a group of attorneys who shared a deep
commitment to high ethical standards and quality professional services.
Today, because of their commitment, FACIO & CAÑAS is the largest and
most prestigious law firm in Costa Rica. Their attorneys participate in
a broad range of professional, civic and corporate activities, allowing
them to advise clients with accurate understanding of world trends and
advances and their specific application in Costa Rica. Additionally,
their backgrounds, experience, ethical principles and knowledge of the
country allow them to offer the best legal services available, whether
in specific matters or general corporate counselling.
FACIO & CAÑAS offers
its clients a diverse and specialized corporate practice at a reasonable
cost-effective manner, through greater efficiency created by the use of
the most advanced technology, careful budgeting and strict cost
controls. See
full legal service here.
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Property Purchase Cost Breakdown |
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Purchase of Property in Costa Rica |
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Forming a
Corporation |
| Expense |
Description |
Quantity |
Price US$ |
| Costa Rica
company incorporation |
We strongly recommend our clients to
purchase real property through a Holding Company for tax
mitigation and property management purposes. Incorporating a
Stock Company before the Costa Rican Mercantile Registry has
the following cost. |
1 |
600.00 |
| Incorporation
Expenses |
Registrations stamps and duties. Includes
issuing of shares, corporate identification number and card,
registration of corporate and accounting books, publishing
before the official newspaper (La Gaceta). |
1 |
75.00 |
| Total: |
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675.00 |
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Purchase
Documents and other Agreements |
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Closing of Purchase
(Notary Fees) |
Attorney fees represent 1,25% of the Real
Purchase Value. |
1 |
1.25% |
| Transfer Tax |
Mandatory Transfer Tax per Law No. 6999
equivalent to 1,5% of purchase price. |
1 |
1.5% |
| Registration
Fees & Stamps |
Equivalent to approximately 0,85% of
purchase prices. Stamps and duties are collected by the Costa
Rica Real Property Registry. |
1 |
0.85% |
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Full Legal Services
Package comprises the following services:-
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Preparation of Purchase Documents and other Agreements;
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Forming a Corporation,
Registrations stamps and duties. Includes issuing of shares, corporate
identification number and card, registration of corporate and
accounting books, publishing of notice in the official newspaper (La
Gaceta). |
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Closing of Purchase
Notary Fees.
Mandatory
per Executive Decrees No. 20307-J y 22308-J.
Attorney fees.
Attorney fees represent 1,25% of the Real Purchase Value
Transfer Tax.
Mandatory Transfer Tax per Law No. 6999 equivalent to 1, 5% of
declared purchase price. |
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Hot tip |
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You do not have to be a resident of
Costa Rica to own property and you are entitled to the same
ownership rights as citizens of Costa Rica. Ownership of real
estate in Costa Rica is fully guaranteed by the constitution to
all foreigners. This means your purchase here can be fully
secured and safe. The value of beach property has skyrocketed
over the last decade due to the country’s increased popularity.
Many people want to realize their dream of owning a beachfront
lot in a tropical paradise. |
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More Tips |
For most foreigners the main beach
development areas that are worth considering for retirement
and/or vacation homes can be found in Guanacaste areas such as
Coco, Flamingo, Junquillal, and Tamarindo. The Central Pacific
beach areas around the towns of Jacó Beach, Quepos and Manuel
Antonio are also attractive. Unlike Mexico, some beachfront
property may be purchased. However, the 200-meter strip of land
along the seacoasts is owned by the government and for public
use. It is prohibited to build anything within the first 50
meters of the high tide line. This zone is for the public and
cannot be turned into a private beach. |
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