Embark on a journey into the flourishing landscape of Costa Rica, an alluring Central American gem that stands as a beacon for investors. With its robust entrepreneurial ecosystem, this enchanting country presents a prime investment destination characterized by stability and growth. Its strategic positioning, modern infrastructure, and unwavering political stability have propelled Costa Rica into a hotspot for multinational corporations seeking a foothold in Latin America. Bolstering its appeal, Costa Ricans exhibit an exceptional work ethic, a highly skilled workforce, and a global reputation for innovation, particularly in sectors like technology and eco-tourism. Uncover the boundless opportunities that await discerning investors in this dynamic nation.
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Real Benefits for Small Business Owners
The impact of AI adoption goes beyond operational efficiency. For small business owners in Costa Rica, implementing AI solutions means:
No more being tethered to your phone 24/7, answering the same questions about check-in times or wifi passwords. Let PuraVidaAI handle all your guest and potential guest inquiries, freeing you to focus on growing your business—or simply relax on the beach. (click photo for more)
Registration of Imported Ships in “Pura Vida Land”
[vc_row css=".vc_custom_1671746940041{background-color: #ffffff !important;}"][vc_column width="2/3"][vc_column_text]As people find Costa Rica an ideal place to live, enjoy or retire, many want to take advantage of the beautiful nature, scenery, oceans and fishing. ...
Rick Philps
[vc_row][vc_column width="1/4"][vc_column_text] Rick Philps www.costaricacanadalaw.com Immigration and Residency Real Estate Law Corporate and Incorporations Business and Commercial Banking and Escrow Wills and Estate Planning [/vc_column_text][/vc_column][vc_column...
Extension for Filing the Informative Declaration of Inactive Companies (form D 101) in Costa Rica
[vc_row][vc_column width="2/3"][vc_column_text]Costa Rica’s tax authority, Ministerio de Hacienda, has once again extended the due date for the first filing of the Informative Declaration of Inactive Companies in Costa Rica. The revised due date of April 30, 2023 was...
Riding the Winds of Climate Chaos for Power and Profit
[vc_row][vc_column width="2/3"][vc_column_text]The COP 27 climate change summit, sponsored this year by the Coca-Cola corporation, is being held in a resort town within a police state that is difficult to reach except by air, or on a road bordering with Israel. There...
What is the Difference in the Due Diligence Required when Buying a Building Lot?
[vc_row][vc_column width="2/3"][vc_column_text]When you purchase a completed home in Costa Rica, issues such as the correct zoning, the availability of utilities and access, are most likely not to be a concern. Your main concerns will be to obtain a reliable home...
Insurance Nuggets – Marchamo – Register Early
[vc_row][vc_column width="2/3"][vc_column_text]It's that time of year once again. Time to register your vehicles in Costa Rica for the next year. This vehicle tax also includes mandatory insurance and optional insurance that you can sign up for by checking the...
Chartering in Costa Rica for International Vessels is Allowed!
[vc_row][vc_column width="2/3"][vc_column_text] In April 2021, the Costa Rican Congress approved law 9977, "Ley de Impulso a las Marinas Turísticas y Desarrollo Costero," published in La Gaceta on April 23, 2021. This law has legally opened the door for international...
What is the Legal Closing Process for a Property Purchase Transaction in Costa Rica?
[vc_row][vc_column width="2/3"][vc_column_text]Costa Rica uses the Roman civil legal system, which is the legal system used by the majority of countries in continental western Europe and Latin America. It is a more formal and document-oriented legal system than the...
Legalizing Marijuana in Costa Rica
[vc_row][vc_column width="2/3"][vc_column_text]Will Costa Rica be the next country to legalize marijuana for recreational use? President Chaves in November's legislative assembly will be presenting a bill to decriminalize marijuana and allow its cultivation and sale...
What You Eat Has The Power of What You Can Achieve
[vc_row][vc_column width="2/3"][vc_column_text]Paying More Attention to the Way You Eat Can Help Your Productivity The truth is that we have created our own diet by the way we eat. Hello, my fellow wellness-prenuers! It is unbelievable how time flies; it is October,...
Have a Healthy Relationship with Social Media
[vc_row][vc_column width="2/3"][vc_column_text] Entrepreneur Costa Rica: Have a Healthy Relationship with Social Media. We live in the era of digital marketing. Let’s be clear: you are “in” or you are out. Typically, that means you must be on Facebook because if not,...
What is the Impact of the Purchase and Sale Agreement on a Property Purchase Transaction?
[vc_row][vc_column][vc_column_text] When entering into a property purchase transaction in Costa Rica, the purchase and sale agreement — the initial formal legal document that binds the parties to the transaction — deserves the undivided attention of the parties, but...
Digital Nomads: Work Remotely From the Land of Pura Vida!
[vc_row][vc_column width="2/3"][vc_column_text]A year ago, Costa Rica approved Law 10.008, Ley para atraer trabajadores y prestadores remotos de servicios de carácter internacional, also known as the "Digital Nomads law." In July 2022, the reglamento was published,...
30 Actions That Take 5 to 10 Minutes
[vc_row][vc_column width="2/3"][vc_column_text] To Improve Your Well-Being And Your Efficiency at Work Hello, fellow entrepreneurs and wellness seekers! We still have a few more weeks of summer vacation left, so let's squeeze the days and try a few things to...
Do You Live in a Condo Complex?
[vc_row][vc_column width="2/3"][vc_column_text]A condominium is a type of co-ownership in which each owner holds absolute individual ownership of a unit based on a legal description of the unit's airspace. In addition, the owner has an undivided interest in the...
What are the Social Compromises Necessary for Expats Moving to Live in Costa Rica?
[vc_row][vc_column width="1/2"][vc_column_text] This article would be more apt under a “social” rather than a “legal” due diligence category. But I believe that after 24 years of living in Costa Rica — 19 of them practicing law — a reflection on these social...
New Laws Provide Second Chance for Corporations Being Dissolved or Already Dissolved
[vc_row][vc_column width="2/3"][vc_column_text]In 2017, the Law 9428: Tax over legal entities came into force in Costa Rican legislation. Corporations that did not pay the corporate tax for three consecutive years or more were dissolved by the CR tax office. Because...
How Does Concession Property Differ From Titled Property?
[vc_row][vc_column width="2/3"][vc_column_text] What are the differences between registered title properties and concession leasehold properties in Costa Rica? This outlines the key distinctions and considerations, particularly for foreign ownership. Registered title...
What is the Definition of “Due Diligence” in Costa Rica Legal Transactions?
[vc_row][vc_column width="2/3"][vc_column_text]In various legal transactions, you will often hear lawyers bandy about the term “due diligence,” particularly when it comes to property purchase transactions, property rental transactions, purchasing a business or...
How Does the Residential Renting Process Work In Costa Rica?
[vc_row][vc_column width="2/3"][vc_column_text]Renting a residential property in Costa Rica is governed, primarily, by the provisions of the Tenancy Law (Ley General de Arrendamientos Urbanos y Suburbanos). Rental contracts are considered as being long-term rental...
Gut Health, Bright Health
[vc_row][vc_column width="2/3"][vc_column_text] Why is it so essential to maintain good gut health, and how does this impact your day-to-day life? Hello, my fellow entrepreneurs, business owners, working moms, students and you. I hope you feel energetic and productive...