Buying real estate in Costa Rica (Part I)

The Real Estate market in Costa Rica is very robust and buyer and sellers alike need to be aware of the regulations and laws of the Country...

The Real Estate market in Costa Rica is very robust and buyer and sellers alike need to be aware of the regulations and laws of the Country...

Companies that are intermediaries, such as Airbnb, are also required to follow the regulations of Law N. 20865, including paying the taxes due if the user's payment is made through the service platform.

As established in the "Law for the Regulation of Non-Traditional Accommodation Through Digital Platforms (N. 20 865)", rental properties in Costa Rica for tourist

CR Tax Authorities established the mandatory use of the electronic invoice system for all taxpayers, including real estate rentals, starting September 1st, 2018...

Expats can apply for residency in Costa Rica: either as a fixed annuity (rentista), investor (inversionista), retiree (pensionado).

The buyer is only jointly liable for the tax payment in the fiscal period when they are buying (according to section 7 of Law # 8683 and section 20 of the Regulation of the Solidarity Tax law)...

The entity or person obliged to file and pay the tax is that one that owns the ¨Luxury Home¨ as of January 1st of each year. This includes parties in a co-ownership as well.

Immigration status: Beneficiaries will be granted the category of non-resident, subcategory "Worker or Remote Service Provider". The immigration benefit will be granted for one year, extendable for a single period...

'Da tua dum tua sunt, post mortem tunc tua non sunt'.
(Give that which is yours while it is yours; after death, it is not yours).

CR Tax office published on their webpage the list of corporations that didn't comply with the 2019 mandatory disclosure submission.