Investors Are Welcome In Costa Rica
Property seekers have noted that Costa Rica is being viewed as the ‘new Spain’. This location is an unspoiled vacation destination. World class beachfront properties have access to a beach culture that is the heart of most vacations. Your own vacation home in Costa Rica will in effect pay for itself. All you have to do is rent out your property for part of the year. Yields do not go below ten or twelve percent. Added to this there is a tolerant system of tax that is attracting investors from the US and elsewhere.
In their determination to win over investors Cost Rica also offers you the following:
• Your initial $2 698 from rental is tax exempt
• Extra rental earned is taxed gradually between ten and twenty five percent
• CGT (capital gains tax) has no charge if transactions are not routine
• Gift and inheritance tax is a mere one to two percent
• Costs for a complete transaction will be 8.58 to 13.58 percent
Costa Rica offers you an infrastructure that is sound and political stability. This vibrant island offers both Caribbean and Pacific coastlines. The excellent climate brings in potential rental visitors all year round. In addition, if you want lush vegetation and dream beaches then Costa Rica is your investment paradise.
