Are foreigners allowed to own property in Costa Rica?
When we asked expats in Costa Rica if foreigners are allowed to own property, they answered...
"The only restrictions on foreigners purchasing property in Costa Rica are in the Maritime zone within 200 meters of the ocean. This area is not for sale though you can get a concession to build things like tourism projects on a leasehold type basis. Expats typically can't get concessions although some grandfathered properties are still privately owned. Expats otherwise have the same rights to property ownership in Costa Rica as a Costa Rican would have. Property ownership is deeded and fee simple and over 95% of the entire country's properties are registered in a national property registry," remarked another expat who made the move to Southern Pacific region of Costa Rica, Costa Rica.
"Yes, foreigners are allowed to own property in Costa Rica. The country has a long-standing tradition of welcoming foreign investment and has a legal framework in place to protect foreign property owners. Foreigners can purchase property in their own name, or through a corporation, and can also obtain long-term leases. In addition, Costa Rica has a number of incentives in place to encourage foreign investment, such as tax exemptions and other benefits," explained one expat living in Costa Rica.
Get Quote
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
Get Quote
Please login to continue reading this article.
Not a member? Join Today (it's free).
Other Questions:
- What do I need to know before moving to Costa Rica?
- How do I find a place to live in Costa Rica?
- What is a typical expat home or apartment like in Costa Rica?
- What is the average cost of housing in Costa Rica?
- Should I buy or rent a home in Costa Rica?
- What should I pack when moving to Costa Rica?
- What cultural faux pas should I try to avoid making in Costa Rica?
- Why do people move to Costa Rica?
- What are healthcare services like in Costa Rica?
- What are medical services in Costa Rica like?
- What are typical rents in Costa Rica?
- What appliances are typically included in a rental?
Are foreigners allowed to own property in Costa Rica?
If you live in Costa Rica, newcomers to Costa Rica would love to hear your answer to this question:
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.