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Costa Rica | Are foreigners allowed to own property in Costa Rica? | Expat Exchange
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Are foreigners allowed to own property in Costa Rica?

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When we asked expats in Costa Rica if foreigners are allowed to own property, they answered...

"No, foreigners can own property with the same rights as locals. However, I personally wouldn't buy until I had legal residency. Many nonresidents do buy and don't have any problems, but I'd personally want the right to live in the country before I invested money in it. Related is that absentee-ownership is asking for problems. Unless it's a condo at the beach with a rental program, I wouldn't recommend buying without living here, and I wouldn't count on living here without legal residency," explained one expat living in San Jose, Costa Rica.

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"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," said another expat in Costa Rica.

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About the Author

Joshua Wood 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.

Jaco Beach, Costa Rica

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