Tropical Felgate (Costa Rica) was founded in 2005 by passionate Real Estate professionals who have been deeply involved ever since in the development of the property market in Costa Rica. Through all these years and until now, the Company's main goal has been to keep high ethical standards and transparency at all levels. Tropical Felgate (Costa Rica) really cares about the relationship with its clients. We are a leading and successful Costa Rican Real Estate Company thanks to you, our most appreciative clients, and we shall always protect your interests above all.
Tropical Felgate (Costa Rica) always wants to keep an open line of communication with you! Feel free to call our NY Local Phone Line for personal Real Estate information assistance. We also invite you to visit our Tropical Felgate Real Estate Blog for news, interesting real estate articles, customer comments and more... We invite you to take a tour of our multiple listing service, browse our up-to-the-minute quality real estate listings, and request any information you may require. Send us an e-mail for a fast response, or just fill out our information request form.
As we mentioned, our main office is located at beautiful Playas del Coco on the north Pacific coast in the popular province of Guanacaste. However real estate agents of our network of over 40 agents know every square meter of Costa Rica real estate from just below the Santa Rosa National Park to the tip of the Osa Peninsula.
It is essential you find the right Costa Rica real estate agent and obtain the right advice from the beginning, before you buy a home in Costa Rica. Knowing where to buy and when is the key to ensuring your investment is solid. It is also very important to understand the local real estate laws. Title insurance services exist such as those provided by Stewart Title Latin America. We will be happy to help you make contact with Stewart Title and regional lending institutions.
Please browse our website for listings, reports and important local real estate information. If you have any questions and want the answers in real time, please click on the image on the right.
We are featured on UK Channel 4, Telegraph, Living Abroad magazine, A Place in the Sun magazine and Scotland on Sunday.
Costa Rica has recently caught many eyes as a hot tourist spot but also as a great place to purchase real estate. With so much public attention and a vast number of tourists visiting Costa Rica every year, the country offers a great investment environment for real estate. Below are seven great reasons to invest in Costa Rica Real Estate.
1. Stable Government:
Costa Rica is a democratic republic with three branches of government and has enjoyed one of the most democratic governments in Latin America. As of 1948, Costa Rica abolished it’s army and since 1949 has enjoyed its peaceful democratic existence, often being referred to as the “Switzerland of Central America”. The government is one of the people and one that very much sees the value of tourism. Over the past few years the government has incentives foreigners to come and retire in Costa Rica. Stable government ensures that the money you put into your property is safe. Political turmoil will never be a reason for illiquidity in your Costa Rican investment and also provides reason why Costa Rica is a great place to buy. There are many other locations around the world that investors think of to go and buy, but stability is very important and should play a huge factor in anyone’s investment decisions.
2. Stable Currency:
Investors want to know if their money is safe in Costa Rica
Stability of the government has helped to maintain a solid and stable currency.
The Costa Rican colon, also denoted as CRC is the official currency of Costa Rica. Colones come in notes of 1,000 up to 10,000.
US Dollars are also accepted as legal tender in Costa Rica. Both are widely accepted and exchanged throughout the country with approximately 90% of the places of business in the country accepting the US Dollar.
3. Tax Incentives:
This seems to be the one everyone loves! As mentioned earlier the Costa Rican government has created one of the most attractive investment environments in Latin America.
Capital Gains Tax= 0% in Costa Rica. The capital gains taxes are exempt for a business, if the money is derived from an activity that is not the normal course of business for the company (This exemption is established through the use of SA, or Sociedad Anonima). Property Taxes in Costa Rica = 0.25% for the properties with declared value of up to US$200,000. This rate is significantly lower than most places in the world. As a result people are buying in Costa Rica which increases demand and ultimately increases value. There are not many places where you can buy a piece of property that has incredible appreciation potential with such low holding costs.
Corporate Tax: The Sociedad Anonima (S.A.)
These forms of corporate structures allow owners of property to keep their names away from the corporations they own (literally translates as “anonymous society”). Ninety percent of all property in Costa Rica is purchased through these S.A.’s. When a property owner purchases property through these S.A.’s they use a shareholder’s loan to fund the purchase. Rental income generated is taken out of the corporation as dividend income and deducted against the initial investment and thus no taxes are paid.
Income Tax: Only income generated in Costa Rica is subject to income tax. Costa Rica offers large amounts of income to be deductible and free from any tax
**all tax information should be verified by independent tax professional.
4. Proximity to Major N. America Cities:
When investigating vacation destinations and environments for second homes or investment property, it is important to factor travel times to the destination. Costa Rica’s proximity to major N. America Cities gives even more reason why investors are buying property in Costa Rica. Great tourist destinations need to be close and easily accessible.
Major US and Canadian Carriers offer direct flights to and from Costa Rica from the following international airports (3-5 hour flight times)
Miami-Houston-Atlanta-Dallas-Chicago-New York-Los Angeles-Toronto
5. Healthy Local Economy:
For baby boomers and entrepreneurs, spiralling costs of living abroad, oppressive taxes and government regulation in the US have placed Costa Rica high atop the list of places to retire without sacrificing standard of living. This is what savvy investors are looking for!
6. No Ownership Restrictions:
Foreign Ownership is promoted in the country of Costa Rica. In many foreign countries fee simple title is only available to locals and without titled ownership your investments can be at great risk. All foreigners enjoy the same rights as Costa Ricans when it comes to real estate ownership. Titled, fee simple properties are all registered in the National Registry of Costa Rica properly protecting your ownership rights.
7. Excellent Lending market:
Prior to 2006, there was no market for lending in Costa Rica and investors bought and sold property on a cash basis. With the recent surge by worldwide and US lenders as well as the strengthening of the Costa Rican market, financing at reasonable rates is now an available option. This addition to the real estate industry has made it possible for many more investors to buy property in Costa Rica and will only increase the demand over time.
As you can see there are many great reasons to invest in Costa Rica. Many people believe that it is too late to make any money. This is not the case! The time is now to invest in this beautiful country and incredible vacation spot.
Why buy Real Estate in Costa Rica ?
1. 40 million baby-boomers are retiring over the next years, and many are looking for a better quality of life than they can find in the U.S., Canada or Europe.
2. Real Estate markets in the U.S. and Europe have crashed or nearly crashed, so making investing in the U.S. or Europe does not make sence any more.
4. Many top real estate investing experts are advising their clients to buy in Costa Rica. Though Nicaragua is probably a little cheaper, but most of the properties are not titled. Mexico's land with 200 miles of the coast isn't titled either and can't be owned by foreigners.
5. Violent crime is a problem in practically all Central American countries except Costa Rica, where it's rare. A lot of petty crime though...
6. The Army does not exist since 1948. Low pollution compared with other nearby countries. Stable Democratic government.
7. Costa Rica real estate prices have been going up (20-50% per year) in the last 3-5 years, great return on investment. No capital gain Tax
Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.
In addition, if you have any general questions about buying or selling real estate in Guanacaste, please contact me as I'm more than willing to help.
Please browse my website for listings, reports and important local real estate information.
Tropical Felgate Administration