Archive for January 27th, 2009
Tuesday, January 27th, 2009
Here are my 10 reasons why YOU should invest in properties in Costa Rica:
1) There are few countries which are friendlier towards foreigners when it comes to acquiring a property and doing business here. The easy way to buy land is to put the ownership under a registered Costa Rican corporation and simply transfer ownership of that corporation to the buyer. When investors come in, you can split up the stocks and fairly divide the ownership of the land amongst the contributors.
In Costa Rica you cannot get a lot of things if you are not a legal resident, but once you own a corporation, you will be able to register a phone line and such thru that corporation. The only thing that is highly recommended is that you are using a lawyer who you can trust and who works for you and looks out for your personal interest.
2) Property taxes in Costa Rica are low. For a $400,000.00 piece of land you pay something like $400.00 a year in taxes. Beachfront property is higher tax wise. Anything up to 150 meters from the coast line is considered concession land and you technically lease it from the government. It is still a far better bargain tax wise than you would expect to receive in the United States or most countries in the world. (more…)
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Tuesday, January 27th, 2009
There will be no getting out of jail for Eddie Smith this time.
Edmond H. Smith IV’s frequent trips to — and, more significantly, from — jail have gained the curiosity of the local media and the frustration of law enforcement officials over the past couple of years.
Mobile County District Attorney John Tyson Jr. complained in November when a judge allowed Smith out on bail despite the fact that he went to Costa Rica in 2007 in violation of his probation.
But a federal judge this week ordered Smith locked up, pending trial on an ammunition charge. (more…)
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Tuesday, January 27th, 2009
At 6 p. m., on Wednesday, January 21, the fairground where the Palmares civic celebrations are held was brightened.
After being postponed one week because of the earthquake on January 8, the festivities began. This time, the activity will last a total of 12 days. It will have particular additions.
To promote order and security, the Palmares Civic Association, together with the Costa Rican Brewery, are implementing strict control measures.
The consumption of alcohol, which this fair cannot do without, will be regulated by actions such as liquor promotions in the tents by volume. (more…)
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Tuesday, January 27th, 2009
About 1 million Nicaraguans have emigrated to neighboring Costa Rica seeking a better life due to the dire poverty and lack of jobs in their own country, according to the International Organization for Migration.
With a population of 5.6 million inhabitants – more than half of them under 18 – with an annual growth of 2.7 percent, Nicaragua, the second-poorest country in the Americas, “is facing a tremendous challenge to overcome its poverty,” IOM spokesman Jean-Philippe Chauzy said Friday in Geneva.
That challenge, he said, particularly affects women, since a quarter of Nicaraguan households are headed by women. (more…)
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