Using a Costa Rican corporation to hold property? Learn the difference between SRL and S.A., active vs. inactive status, annual corporate taxes, shareholder disclosure rules, banking impacts, penalties for non-compliance, and how corporations affect estate planning for foreign property owners.
Opening a bank account in Costa Rica is possible for foreigners, but the rules depend heavily on residency status and compliance requirements. This guide explains resident vs non-resident banking, corporate account basics, SINPE domestic transfers, and practical tips for moving money—especially if you’re buying property or relocating full-time.
Owning property in Costa Rica comes with estate planning responsibilities many foreigners overlook. This guide explains how wills, probate, corporations, and inheritance actually work—and how to protect your beneficiaries from delays and legal complications.
Headed to Costa Rica—land of volcanoes, sloths, surf, and pura vida vibes? Whether you’re visiting or relocating, understanding the local money will save you time and stress. The official currency is the Costa Rican colón (CRC), and while U.S. dollars are widely accepted in tourist areas, knowing when to use each—and how to convert—makes a big difference.....
In 2007, I made the final decision to make the move to Costa Rica full time. One of the many reasons was the high taxes I was paying in the US. Between federal, state, and local income tax, and then property tax on top of that, over 47% of my salary at the time was going to taxes. Now, I am not a tax evader and I believe in paying taxes, but nearly 50% of my salary sounded insane to me. Here in Costa Rica, between my corporate tax, personal income tax and property tax, I’m paying only 17% of my income.....
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