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...
"Absolutely not. Foreigners can purchase property in Costa Rica. You do not need to be a citizen or resident. If you have the money, look and purchase to your content," said another expat in Playa Jaco, 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," wrote a member who made the move to Costa Rica.
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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.