Once you come to Costa Rica, you'll always return. Prepare yourself to discover why. Costa Rica has the only democracy without a military in the Americas. 25% of the country is set aside as protected nature reserves and national parks. Costa Rica contains 5% of the world's biodiversity and only .03% of the world's landmass. Free public education has led to one of the highest literacy rates in the world. Universal healthcare is guaranteed by the constitution. Costa Rica has been voted the happiest country on earth.
TOP REASONS TO INVEST IN COSTA RICA
Get the most out of your money! Costa Rica is Latin America’s safest country for foreign investment. The country’s stable democratic government, comparatively low prices, and protective real estate laws make Costa Rica an ideal location for real estate purchases. Enjoy a laid-back lifestyle in a country known for its friendly locals, temperate climate, and miles of gorgeous beaches. Here are our top reasons why you should consider investing in Costa Rica.
1. STABLE DEMOCRATIC GOVERNMENT
Costa Rica is one of Latin America’s most stable governments. It is frequently referred to as the “Switzerland of Central America,” and has enjoyed peaceful democratic policies since it abolished its army in 1948.
2. AMAZING NATURAL BEAUTY
Soaring mountains, active volcanoes, sublime beaches, tropical rainforest, and towering waterfalls grace Costa Rica. More than 25% of the country’s land is protected by national parks, reserves, and refuges.
3. WEATHER
Costa Rica has both a tropical and subtropical climate, the highlands of Costa Rica stand out for having a cooler climate. Yet, despite being located near the equator, the country’s average annual temperature ranges in the 70s. There are two seasons in Costa Rica; the dry season, ranging from December to April, and the rainy season, ranging from May to November.
4. INCREDIBLY LOW TAXES
The annual property tax in Costa Rica is .25% and there is no Capital Gains Tax, making investment opportunities even more appealing. These rates are much lower than in the United States and Canada. Furthermore, only income that is generated in Costa Rica is subject to income tax, and large amounts of this are considered deductible.
5. LOW COST OF LIVING
Housing, services, and medical care in Costa Rica are much cheaper than in North America. Expats interested in simple living should budget $1500 or less monthly, though much depends on your lifestyle and needs.
6. ZERO OWNERSHIP RESTRICTIONS
Foreigners enjoy the same rights as do Costa Ricans in terms of real estate ownership. All titled, fee simple properties are registered in the National Registry of Costa Rica, which helps protect your ownership rights.
7. QUALITY, AFFORDABLE HEALTH CARE
Costa Rica’s private and public hospitals offer high-quality medical care at a tiny fraction of its U.S. equivalent cost. Monthly rates begin at $20 per individual for insurance through the public health care system, while policies with private hospitals and clinics run between $50-$100/month.
8. AN EDUCATED POPULACE
Costa Rica boasts a large middle class and a 95% literacy rate and is considered one of the most well-educated countries in Latin America. After abolishing their army in 1948, funds were poured into both education and environmental conservation.
9. ADVENTURE ACTIVITIES
Costa Rica is an adventure playground, offering its residents almost every activity under the sun. Go scuba diving with sharks, canyoning down waterfalls, or hiking in one of the country’s beautiful national parks and reserves.
10. IT’S THE GREENEST, HAPPIEST COUNTRY ON THE PLANET
Costa Rica is considered the “greenest, happiest country in the world” by the New Economic Foundation (NEF) and tops the Happy Planet Index (HPI). The criteria used include how people rank themselves in life satisfaction, as well as other factors such as life expectancy and the ecological footprint of the country.
Fabulous weather, friendly people, low cost of living, and solid investment opportunities: it’s no wonder so many people are buying real estate in Costa Rica!
11. LAID-BACK, PURA VIDA CULTURE
Costa Ricans are known for their friendliness and hospitality toward total strangers. Gregarious and very family-oriented, Ticos (Costa Ricans) truly live a pura vida lifestyle. More than just a national slogan, “pura vida” is a way of life: savoring life’s simple pleasures and living in harmony with one another.
12. INVEST IN BUSINESS
There are also many opportunities to invest abroad in businesses in Costa Rica. Intel Corporation is an example of a company with a plant in the country.
Costa Rica has been pretty appealing for investments because of the open investment and trade policies. It’s also good to note that foreigners are governed under the same laws as local investors.
Costa Rica is home to some advanced electronic and technological industries, as well as the Free Zone Corporation. Investment in Free Zone totaled around $500 million, mostly from U.S. businesses.
13. RESIDENCY
Like many countries, Costa
Rica offers residency after a certain amount of investment. After an investment of $200,000 or more, you can earn temporary residency. After three years, this can lead to permanent residency and even citizenship, if you choose to do so.
Citizenship would grant you Costa Rican nationality and a passport through nationalization. Some countries allow you to keep your original citizenship while also holding a Costa Rican passport. Some do not allow you to do so, so many recommend sticking with permanent residency so you don’t have to give up your home passport.
Source:
www.Costarica.com
https://ticotimes.net
