Question 1

Can a foreigner buy property in Costa Rica?

Accepted Answer

Yes, foreigners have the same property ownership rights as Costa Rican citizens for most types of property. The main exception is the maritime zone (within 200 meters of the high tide line), where concessions require specific residency requirements. Our team guides you through the entire acquisition process.

Question 2

How long does a real estate transaction typically take?

Accepted Answer

A typical property purchase in Costa Rica takes 30 to 60 days from signing the purchase agreement to closing. This includes due diligence, title search, property survey, and notarization. Complex transactions or those requiring permits may take longer.

Question 3

Do I need to be present in Costa Rica to buy property?

Accepted Answer

No. We can execute the entire transaction through a power of attorney. This is especially common for international clients. We handle all documentation, government filings, and closing procedures on your behalf.

Question 4

What are the costs associated with buying property in Costa Rica?

Accepted Answer

Typical closing costs range from 3.5% to 4.5% of the property value, including transfer tax (1.5%), registration fees, notary fees, and legal fees. We provide a detailed cost breakdown before you commit to any transaction.

Question 5

What is a concession property in the maritime zone?

Accepted Answer

The maritime zone (Zona Marítimo Terrestre or ZMT) extends 200 meters from the high tide line. Property in this zone cannot be privately owned but can be used through government concessions. Foreigners must have been residents of Costa Rica for at least 5 years to hold a concession in the first 50 meters of the restricted zone.

Question 6

What type of company is best for holding property?

Accepted Answer

Most foreign investors use a Sociedad Anónima (S.A.) or Sociedad de Responsabilidad Limitada (S.R.L.) to hold property. The best structure depends on your tax planning goals, number of investors, and long-term plans. We provide personalized guidance on entity selection.

Question 7

Are there restrictions on foreign investment in Costa Rica?

Accepted Answer

Costa Rica is very open to foreign investment. There are no general restrictions on foreign ownership of businesses or property. Certain sectors (like media and some professional services) have nationality requirements, but real estate and most business activities are fully open to foreigners.

Question 8

What residency options are available for investors?

Accepted Answer

Costa Rica offers several residency categories: Inversionista (investor, requiring a $150,000+ investment), Rentista (requiring $2,500/month guaranteed income for 2 years), and Pensionado (retirees with $1,000/month pension). Each has specific requirements and benefits.

Question 9

How long does the residency application process take?

Accepted Answer

The residency application process typically takes 6 to 12 months from submission to approval. Processing times vary by category and the completeness of your application. We ensure all documents are properly prepared and authenticated to avoid delays.

Question 10

Do you offer virtual consultations?

Accepted Answer

Yes. We regularly conduct consultations via video call for international clients. We accommodate time zones across the Americas, Europe, and Asia. You can schedule a virtual consultation through our contact page or Calendly link.

Question 11

What languages do you work in?

Accepted Answer

Our team is fully bilingual in English and Spanish. All legal documents and communications can be provided in both languages. This ensures nothing is lost in translation during your legal matters.

Question 12

What is your co-lawyering service?

Accepted Answer

Our co-lawyering service is designed for attorneys outside Costa Rica whose clients need legal representation here. We provide local legal expertise, handle on-the-ground proceedings, and offer bilingual communication support, all while keeping the referring attorney informed and involved.

Frequently Asked Questions

Real Estate & Property

Corporate & Investment

Immigration & Residency

Working With Us