What are the advantages of having ones property or any Costa Rica real estate owned by a S.A. rather than held in an individuals name?
By law, anyone – Costa Rican citizen, resident, or foreign non-resident alike – may legally own land in Costa-Rica. For legal and tax reasons, however, ownership and transfers of Costa Rica real estate are best done through a corporation or S.A.Each of the ocean view and mountain view lots is a titled (fee simple) property. The actual transaction of buying Costa Rica real estate is not overly complicated, but can take some time. Remember that in Costa Rica, patience is a valuable asset. Each lot will be segregated to the new owner and then duly registered at the Costa Rican Public Record Office. Land transfers (sales) are granted through a public act. A Costa Rican Notary Public (lawyer) records this transaction by inserting the title transfer in his Protocol (numbered ledger). A Notary Public is a licensed Attorney-at-Law who is endowed with “public trust” and has the right to validate and legalize all contracts and deeds. The purchase deed is presented by the Notary to be duly regist
