Invest in Costa Rica
Why Choose Costa Rica for Investment?
Costa Rica stands out as an attractive destination for foreign investment due to its political and economic stability, as well as its legal security and established institutional tradition. With a stable democracy and a rule of law that guarantees individual and economic freedoms, the country offers a favorable business environment. According to the World Economic Forum’s Global Competitiveness Index, Costa Rica ranks fourth among the best economies in Latin America and the Caribbean. With an annual inflation rate of 1.2% and a GDP growth of 3.3% over the past five years, Costa Rica offers a stable macroeconomic environment. Modern infrastructure, an internet penetration rate of 89%, and a strong commitment to renewable energy (98% of its electricity comes from clean sources) make Costa Rica an ideal place for long-term investments.
Real EState in costa Rica
Costa Rica stands out as an attractive destination for real estate investment, offering a dynamic and growing market along with a solid legal framework that protects the property rights of foreign investors. The residential real estate market in Costa Rica is projected to reach a value of $251.5 billion by 2024, with a compound annual growth rate (CAGR) of 2.35% from 2024 to 2028, projecting a market volume of $276 billion by 2028. The boom in residential projects is transforming the country’s housing market, with nearly 500 developments authorized by the Ministry of Economy, Industry, and Commerce for phased or pre-sale of their units. In 2022, there were 44,265 construction projects, marking a 9.2% increase from the previous year, and a total construction area of 3,918,842 square meters, with a growth of 6.4%. 45% of these developments will take place in the central region of the country.
Provinces with the Highest Real Estate Investment
The provinces with the largest construction areas are:
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San José
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Alajuela
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Guanacaste
Rentiers
The rentier model in Costa Rica is designed for foreign individuals who have a stable source of income and wish to enjoy temporary residency in the country. This model is ideal for people with income generated through investments, rental properties, or private pensions. Rentiers are not required to work in Costa Rica and can enjoy the peace and benefits of living in a country with an excellent quality of life and stunning natural surroundings.
Requirements for Rentiers
To qualify as a rentier in Costa Rica, applicants must meet several specific requirements. It is necessary to demonstrate a minimum monthly income of $2,500, guaranteed for at least two years, or to make a deposit of $60,000 in a bank account in Costa Rica. Additionally, you must be affiliated with the CCSS (Costa Rican Social Security Fund) insurance system. Other required documents include a certificate of no criminal record and a birth certificate. These requirements ensure that rentiers have the financial means to support themselves during their residency in Costa Rica.
Investor Model
The investor model in Costa Rica is designed for foreign individuals interested in contributing capital to the country through investments in real estate, businesses, or productive projects. This model allows investors to enjoy temporary residency while contributing to local economic development. Costa Rica offers a favorable environment for investors with a solid legal framework, tax incentives, and a growing economy, making it an attractive destination for those seeking investment opportunities.
Requirements for Investors
To qualify as an investor in Costa Rica, applicants must meet certain key requirements. It is necessary to make a minimum investment of $150,000 in real estate, stocks, securities, or productive projects within the country. Additionally, they must demonstrate that the investment will generate a positive impact on the local economy. Investors must provide proof of the investment, you must be affiliated with the CCSS (Costa Rican Social Security Fund) insurance system., and a certificate of no criminal record. These requirements ensure that investors have the financial capacity and commitment necessary for their residency in Costa Rica.
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