While Costa Rica is well known as a beatiful place to vacation they have now created many incentives for American Americans and foreign nationals to move there or have second homes there. Costa Rica comes with many tax incentives.Some of those incentives are:
• The new minimum capital investment requirement to apply for residency was lowered to $150,000.00 so buying a $150,000.00 home in Costa Rica allows you to apply for residency
• Tax free importation of vehicles.
• A one time tax exemption to import household goods
• Income earned outside of Costa Rica will not be taxed (no double taxation) This is IDEAL for remote workers since a new immigration category was created “Digital Nomad Visa”
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ISG currently has three projects throughout Costa Rica from the Northern Zone to the Southern Zone.
Southern Zone – The Ventana Costa Rica development features three-bedroom+ homes in the eclectic mountains of Costa Rica. Starting from $780,000 to $1,500,000+ ranging in size from 2,500 square feet to 4,000 square feet +. The lots vary from 1⁄4 acre to several acres in size. The construction process is managed from start to finish by VDP’s in house staff of architects, engineers, designers and builders, making the construction of your house an efficient process and delivery in approximately 12-15 months
Northern Zone – Arenal Hills is 199 lots that complement approximately 123 acres, that Arenal Hills occupies. Featuring two to three bedroom homes starting from $390,000 to $692,500 ranging in size from 1,275 square feet to 2,053 square feet. They build in sustainable building components like marble countertops and washbasins, as well as extensive use of native hardwood, eliminating the need to import exotic materials from abroad, making the construction of your house an efficient process and delivery in approximately 6-9 months. The site plan was oriented so every home would have a view of the Arenal Volcano. costa rica real estate for expats
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Central Zone – Mistico Beach Community is an expansive site boasting 790 acres of land with over 2,000 feet of titled beachfront. Half of the entire project is allocated to conservation and recreation areas with nature trails along the 400 acres of real estate development. This project is divided into 7 areas, each offering a unique mix of real estate; hospitality; experiences and commercial opportunities. Featuring pre- construction homes delivered in 12 months / three to five bedroom starting from $479,770 – $2.5M ranging from 2,546 square feet to 4,251 square feet. In addition to that, the development also offers condominiums that are move-in ready starting from $200,000 – $450,000 ranging from 968 square feet to 1,948 square feet.
*you can read more about Costa Rica tax benefits here
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