Author: Ivo Henfling

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14 Tips on how to prevent rain damage to your property

Estimated Reading Time: 7 Minutes How important is knowing everything about rain damage before you purchase property in Costa Rica and how to prevent it? The rainy season in Costa Rica starts in May and ends in November. The heaviest rainfall in Costa Rica is during September, October, and part of November. So, yes, it…

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Precautions for buying Beachfront Propertyiconwht

Precautions for buying Beachfront Property

Estimated Reading Time: 4 Minutes Costa Rican beachfront property is located in the Maritime Zone, or ZMT (Zona Maritima Terrestre), and you should know about certain restrictions before purchasing. We have very little titled beachfront property, so this is very important information if you want to live on the beach. When buying a beachfront home,…

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Financing Property in Costa Ricaiconwht

Financing Property in Costa Rica

Estimated Reading Time: 3 minutes There are hundreds of articles online about financing property in Costa Rica. Most articles are outdated, and few have the correct information. That’s why you should do your own homework by calling around if you’re looking for a mortgage to purchase property in Costa Rica. Financing property is very easy…

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Mandatory property value declaration in Costa Ricaiconwht

Mandatory property value declaration in Costa Rica

Estimated Reading Time: 5 Minutes Did you know that every Costa Rica property owner must present a property value declaration every 5 years? Probably not, eh… In most countries worldwide, property owners receive notice from the tax authorities that they have to pay their property taxes. Not in Costa Rica, though! Like many other things…

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Where and how to pay the Costa Rica corporation taxiconwht

Where and how to pay the Costa Rica corporation tax

Estimated Reading Time: 5 Minutes Do you know where and how to pay the Costa Rica corporation tax, or “Impuesto a las Personas Jurídicas“? The Costa Rica corporation tax was approved in January 2012 and went into effect on April 1st, 2012. Many foreign buyers own property in a corporation, which is a practice that…

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Is a Free Trade Zone Warehouse or Office in Costa Rica for you?iconwht

Is a Free Trade Zone Warehouse or Office in Costa Rica for you?

Estimated Reading Time: 6 Minutes Be well-informed about the free trade zone and its locations before renting or purchasing a warehouse or office space in Costa Rica. In this article, you will find the advantages and disadvantages of being in a Free Trade Zone or “Zona Franca” in Costa Rica. Let’s first tell you what…

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Maritime zoning for Costa Rica beach front propertyiconwht

Maritime zoning for Costa Rica beach front property

Costa Rica beachfront property and maritime zoning are regulated by Law N° 6043 and its Regulations. First, read this article if you want to buy Costa Rica beachfront property. Then, if you still have questions, contact a real estate lawyer specializing in concessions. Maritime zoning In a nutshell, this is how maritime zoning functions: The…

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IRA Limitations when you buy Costa Rica real estateiconwht

IRA Limitations when you buy Costa Rica real estate

Estimated Reading Time: 4 Minutes Yes, you can invest your Self-directed IRA in property in Costa Rica, but IRA limitations can be a downside. Before using your retirement funds to invest in property, you must do some due diligence. Often, custodians of self-directed IRAs will tell you it’s impossible to invest your funds in a…

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