Why does BELLA COLLINA sell real estate through corporations?
There are several reasons why our properties are structured as corporations. First, there is no sales tax on the purchase of a corporation, which saves you 13 percent of the sale price. It also protects you from personal liability in case of accidents or suits from third parties. The property is inherited by your beneficiaries without transferring the title, thus reducing costs. Resale is also completed without costly title transfer. If you have an IRA in the United States, the IRA can be the owner of the shares of the company. In addition, as an owner of a corporation, you can buy a cell phone, a car, or get a phone line connected in Costa Rica. Non-residents do not have this purchasing ability. The only way to make this type of transactions is by either being a national/resident of Costa Rica or the owner of a corporation.
