Are foreigners allowed to own property in Costa Rica?
When we asked expats in Costa Rica if foreigners are allowed to own property, they answered...
"No I don't think so. If any, I may presume it is if you haven't yet applied for Temporary Residency (Rentista) though I don't know if that's necessary; check with a reputable Attorney," said a member in Costa Rica.
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"Yes, foreigners are allowed to own property in Costa Rica. The country has a long-standing tradition of welcoming foreign investment and has a legal framework in place to protect foreign property owners. Foreigners can purchase property in their own name, or through a corporation, and can also obtain long-term leases. In addition, Costa Rica has a number of incentives in place to encourage foreign investment, such as tax exemptions and other benefits," remarked another expat who made the move to Costa Rica.
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Other Questions:
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- Where should I setup a bank account in Costa Rica?
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- How are local medical facilities in Costa Rica?
- As a foreigner living in Costa Rica, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Are foreigners allowed to own property in Costa Rica?
If you live in Costa Rica, newcomers to Costa Rica would love to hear your answer to this question:
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
