How does the registration of the transfer deed work in Costa Rica?
Once the transfer deed is executed before the Notary Public, the Notary Public shall act as agent of the Tax Authorities collecting the transfer tax and Real Estate Property Registry taxes. Then, upon payment of taxes, the Notary Public shall file the transfer deed in the Real Estate Property Registry and the real estate property will be annotated. A Registrator will verify that the information contained in the transfer deed is correct and then, the Registrator will proceed to record the Costa Rican real estate property under the name of the new owner.
