Tax Advantages for Foreigners in Costa Rica

Tax Advantages

Costa Rica is a prime destination for expatriates and real estate investors seeking an optimal combination of tax advantages and exceptional quality of life. Here’s a detailed guide to understanding the fiscal benefits of buying property in Costa Rica as an expat or foreign investor.

Transparent Property Acquisition Process

Acquiring property in Costa Rica is accessible to foreigners, with clear and well-defined procedures. Whether you are "moving to Costa Rica and buying property" or "relocating to Costa Rica from Europe," the country offers a welcoming environment for expatriates.

Key Tax Benefits

Property Transfer Tax: Set at 1.5% of the property value, this rate is competitive compared to other destinations.


No Wealth Tax: Unlike some European countries, Costa Rica does not impose a wealth tax.


Exemptions for Retirees: Retirees under the "Pensionado" program can access various fiscal benefits, including public healthcare and reduced import taxes on personal goods.


Conclusion

With its numerous advantages, Costa Rica stands out as a premier destination for foreign retirees seeking a serene and fulfilling life. From enjoying the natural beauty and low cost of living to becoming part of a welcoming community, Costa Rica offers an exceptional quality of life for those looking to spend their golden years in an idyllic setting.