Equal property rights:
International buyers can purchase and register property under their own name or through a corporation.
Playa Hermosa - Puntarenas - Costa Rica
Buying in Costa Rica
Investing in property in Costa Rica is a straightforward and transparent process, designed to welcome international buyers with confidence and ease. The country's strong legal framework ensures that foreigners enjoy the same property rights as citizens, making ownership secure and reliable.
Key Advantages
Secure investment climate:
Costa Rica's political stability and commitment to sustainability make it one of the most attractive destinations for real estate investment.
Clear legal process:
Transactions are overseen by licensed attorneys and notaries, ensuring proper due diligence and title verification.
Flexible ownership options:
Buyers can hold property individually, jointly, or through a legal entity depending on their investment goals.
The Buying Process
- 1
Property Selection
Choose your lot at Hermosa Falls Estates with guidance from our team or trusted local real estate agents.
- 2
Offer & Agreement
A formal purchase agreement is drafted, outlining terms and conditions. Buyers begin with a written offer letter stating the proposed price, deposit, escrow details, due diligence period, and closing date.
- 3
Drafting the Purchase Agreement (SPA)
Once the offer is accepted, attorneys for both sides draft the SPA - the formal document covering:
- Identification of parties: Full legal names, passport or residency IDs, and addresses.
- Property description: Survey number, property ID, size, location, and any easements or restrictions.
- Price and payment terms: Full purchase price in USD or CRC, deposit details, escrow instructions, and payment schedule.
- Closing costs: Allocation of taxes, legal fees, and registration expenses.
- 4
Escrow & Deposit
Buyers typically make a deposit of a percentage of the purchase price into escrow upon signing the SPA. Escrow companies in Costa Rica follow strict anti-money laundering regulations, requiring documentation of the source of funds.
- 5
Due Diligence
Attorneys conduct a title search, survey verification, and ensure the property is free of liens.
- 6
Closing
Once due diligence is complete, the buyer wires the remaining funds into escrow. Both parties sign the transfer deed, and the attorney registers ownership with the National Registry, officially transferring title.
Potential Residency Programs
Costa Rica's property laws are designed to encourage national and international investment. With professional guidance, purchasing at Hermosa Falls Estates is not only secure but also seamless, allowing you to focus on what truly matters, envisioning your future in paradise.
Residence by Investment:
Foreign buyers can qualify for residency through a minimum real estate investment of $200,000 USD. Pathways include temporary residency, permanent residency after several years, and eventual citizenship eligibility. Family members may be included.
Digital Nomad Visa:
Allows remote workers to live in Costa Rica for up to two years with proof of income from abroad. Health insurance is required, and foreign-sourced income is tax-exempt.
This information is provided for general reference only and does not constitute legal or financial advice. Hermosa Falls Estates is not a personal finance option or professional service. Please consult licensed professionals in Costa Rica for current requirements.