Getting the most from your hard earned money means making smart investments and seizing great opportunities. Investing in unpredictable stocks and declining 401Ks seems futile. Consider investing in a lifestyle that surrounds you with exotic nature and sandy beaches. Costa Rica remains one of the most attractive countries for foreign investment. Below is a list of the top 10 reasons why you should consider investing in this tropical oasis.
1. The Nature
Costa Rica is known for its nature and unprecedented beauty. With nearly 25% of the country’s land being protected by national parks and protected areas they have ensured that its breath taking beaches, rain forest, and exotic wildlife will be around for decades.
2. The Culture
Costa Ricans are extremely friendly, hospitable (even to foreigners), family-oriented, peaceful, fun loving, and live a ‘pura vida” lifestyle. “Pura Vida” is more than just a slogan; it’s the way of life, seeking harmony with nature and each other. Because of their laid back attitude, ticos enjoy life and live in the moment.
3. Tax Incentives
Capital gain taxes are 0%, while property taxes are a mere.25% in Costa Rica. These rates are significantly lower than in the US, Europe and Canada. Only income generated in here is subject to income tax and large amounts of income can be deductible and free from any tax. Nonexistent capital gain taxes, low property taxes, and minimal income tax make Costa Rica an attractive place to buy real estate. Your investment will quickly turn into profit as the demand for land increases.
4. Stable Government
Costa Rica is democratic and one of the most stable governments in Latin America. In 1948, they abolished it’s army and has since enjoyed its peaceful democratic existence, often being referred to as the “Switzerland of Central America”. Their stable government and peaceful nation ensures that the money your property investment is secure.
5. Low Cost of Living
Most expats can live comfortably in Costa Rica for about $1,500 or less per month. For those who want to live in luxury with regular maid and gardener services as well as regular dining out and entertainment should budget around $2,500 to $3,500 per month. This is far less than the cost of living in the US, Canada or Europe. People who can not afford to retire in the US can now retire in paradise for much less and live the lifestyle they always dreamed of.
6. No Ownership Restrictions
All foreigners enjoy the same rights as Costa Ricans when it comes to real estate ownership and in fact, foreign ownership is encouraged. All titled, fee simple properties are registered in the National Registry of Costa Rica thus protecting your ownership rights.
7. Affordable Medical Care
Costa Rica has one of Latin America’s best health care systems, offering both public and private care. Because private health care is so much more affordable, many are choosing to retire in Costa Rica simply for the affordable medical care. The country has become almost as popular for their quality and low priced medical treatments as they are for their beaches and jungles.
8. Activities & Adventure
Costa Rica is very eco-diverse with variety of environments. With everything from beaches to jungles there are plenty of activities and sight seeing adventures that take advantage of the natural landscape. Surf, scuba dive, snorkel, fish, and explore the beaches. Hike, zip line, and bird watch in the vast jungles and rain forests. Relax with calming massages, tranquil beaches and the soothing sounds of the jungle.
9. Educated Populace
Costa Rica abolished their army so that they could use that money on educating their people. Thanks to this and ongoing reforms, the country has a 93% literacy rate. Due to this high literacy rate and an educated populace the overwhelming majority of the population is middle-class.
None of these things on their own could make Costa Rica the perfect place to invest but when you combine the exotic nature, culture, tax incentives, stable government, free ownership, low cost of living, affordable health care, endless amounts of activities with an educated populace you get an environment that is prime for investing and living in.
This tropical paradise and island lifestyle offers vacationers and residents an escape from their typical busy lifestyles. With a real estate investment in Costa Rica you can vacation or retire in a paradise. If you haven’t been to to this exotic land before, I encourage to visit and see what all the talk is about.