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Costa Rica is a place of stunning scenery, sunshine and smiles with spring-like weather all year round, no income taxes on foreign earned income, no capital gains taxes, excellent world-class medical facilities, affordable medical plans and populated by the 'Ticos' who are an amiable and very attractive people.Who Is Moving to Costa Rica?
So too are Canadians and numerous Europeans who are looking for that perfect climate and a more affordable place to live.Gated community Costa Rica Wealthier people from all over Central and Latin America are also visiting Costa Rica because of political and financial instability in their own countries.When you fear for the lives of your own children because they may be kidnapped in Mexico, Guatemala or Honduras or, you have just witnessed the value of your home slashed in half as some of our Venezuelan friends have recently, your future can look downright terrifying.Politically Stable Country: Unlike most nations in Central and Latin America, Costa Rica has been a stable and democratic country since it's independence in 1948.
It has no army, and its citizens enjoy one of the highest life expectancy levels in the Western hemisphere and higher living standards than their war-torn neighbors.Costa Rica's perfect climate, laid back lifestyle, financial and political stability makes this 'rich coast' look like paradise on earth to many people.Business Opportunities: It's not just people seeking retirement that are visiting Costa Rica.
We are seeing young entrepreneurs coming to Costa Rica with dreams of establishing their business here.This is an admirable goal however; we should remember that having a working knowledge of Spanish will only take you half way.
Foreigners can easily buy their own homes and a few people have decided to build their own homes.According to the Global Property Guide, the cheapest city in Europe is Bucharest where you would pay US$3,085 per square meter for a 120M2 apartment (1,291.2 square feet).
With a luxury apartment in , the property taxes for a home of the same value would be less than $1,000 per year so you would save about US $490 per month just in property taxes.And for my 3,228 square feet luxury home in Costa Rica?