What is SUGEF and what are the effects of its new regulations?
What exactly is SUGEF? SUGEF, an abbreviation for the Superintendencia General de Entidades Financieras (Financial Institution Superintendency), is an organization tasked with [...]
Why register a property in the name of a company?
In Costa Rica it is very common to register a property in the name of a company, however, before making this decision [...]
Rentals in colones: everything you need to know
In Costa Rica, the Rental Law defines the rights and duties of both the lessor and the lessee; based on the fact that there [...]
“Future road extension” in cadastre plans of Costa Rica
In some areas of Costa Rica, cadastre plans have a legend that says "future road extension". What does this mean and how can [...]
Capital Gain Tax in Costa Rica
A capital gain is when an asset is sold for a higher price than it was bought for. It is calculated by comparing [...]
Rights and duties according to Costa Rica’s rental laws
The Law of Arrendamientos Urbanos y Suburbanos (Urban and Suburban Leasing Law) Law No. 7527, regulates property lease agreements in Costa Rica. [...]
Does an inactive registered company in Costa Rica need to file an income tax return?
Starting this January 1, 2022, inactive companies (inactive registered S.A. or SRL/LLC) that are registered in the Registro Unico Tributario (Single Tax [...]
Tax on luxury houses in Costa Rica 2023
Known as the tax on luxury homes in Costa Rica, the Solidarity Tax for the Strengthening of Housing Programs has varied year [...]
Who pays the transaction costs in a real estate sale?
When making these types of investments, the payment of the fiscal and legal costs of the transaction must be considered, for which [...]
Do I need to have a lawyer to complete a real estate sale?
Although the law does not stipulate that it is necessary to have a lawyer to carry out an indirect transfer, through [...]
What is the difference between lawyer and notary in Costa Rica?
To clarify this issue we must consider two basic and simple pillars: the first is that by definition, the lawyer is that [...]
What is the ‘know your client’ requirement?
Everyone involved in a transaction must perfom the Know Your Client (KYC) procedure. It is a procedure that is carried out when [...]
What is the typical cost of legal services in a real estate transaction in Costa Rica?
It is important to keep in mind that the standard rates and minimum costs of legal services for a real estate transaction [...]
What is the function of the National Property Registry of Costa Rica?
In addition to dealing with real estate, the National Property Registry of Costa Rica covers industrial properties, and patents. As for real [...]
Can a Foreigner Own Property in Costa Rica?
Yes, a non-Costa Rican (foreigner) can own property in Costa Rica. There are no additional requirements in this sense. [...]
