Archive for July 9th, 2008
Wednesday, July 9th, 2008
Real estate ownership in Costa Rica is open to foreign investors, both individuals and private companies. Few restrictions apply to foreigners owning land and property in Costa Rica. The key to protecting your investment is either physical occupancy or hiring a management company to oversee your property. When buying property you need a real estate attorney. This should ensure a title search and the property being registered in your name properly. Make sure to double check it being registered in your name by your closing attorney though, as there have been cases where one pays cash for the property but never asks to see the registration/title in their name. In such cases taxes are being payed by the old owner which reestablishes their previous ownership. Then they are even able to remortgage and/or sell that property. Make sure to do research and ask questions. It is always a good idea to get your own attorney for representation on any transaction in any part of the world. (more…)
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Wednesday, July 9th, 2008
Beer drinkers in Costa Rica will have one more bottle to choose from after Guatemala rolls its No. 1 cerveza, Gallo, into the Tico market.
Twist-off bottles of Gallo will be on shelves some time this week, according to a statement from public relations firm Porter Novelli, which represents beer distributor Cervecería Costa Rica.
“Gallo is entering the Costa Rican market to offer our consumers different options from the ones that already exist, always keeping high standards of quality, which characterize the Cervecería Costa Rica portfolio,” Rafael Segovio, Cervecería’s marketing manager, said.
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Wednesday, July 9th, 2008
Foreign Bank will Lend to U.S. Residents Purchasing Real Estate in Costa Rica.
Real Estate is blowing up all over Costa Rica from everything to luxury beach front vacation homes in Jaco Beach to pent house suites in a metropolitan park tower. Costa Rica is building it all… and fast. Even famous actor and movie producer Mel Gibson owns land in the popular tourist destination and is also looking to move his film production company to the booming little country. With all this expansion, development, and growth several United States companies are also expanding to attend to their migrating clients.
Lehman Brothers Bank is one U.S. based company that has moved business to the tropical oasis. Lehman Brothers, a top-tier investment bank and market leader in mortgage and consumer loan securitization, headquartered in Wilmington, Delaware, has announced plans to finance mortgages for foreigners planning to call Costa Rica their new home. (more…)
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