Author: Ivo Henfling

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High demand for Self-Storage warehouse to keep personal stuff in Costa Rica

The perfect business for your retirement – a self-storage warehouse. There is a high demand for self-storage warehouse rentals, a business that’s becoming more interesting as condos become smaller. Every high ROI generating business in Costa Rica generates a lot of work, controls, and headaches. Well, this one does not! We all like to find…

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Mandatory rent invoice for landlords starting September 2018

Estimated Reading Time: 5 Minutes Soon, landlords will have to give tenants a rent invoice for rent paid. It seems that the good times that rental income will go unseen by the Costa Rican tax authorities are over. Resolution DGT-R-012-2018 obliges landlords to give an electronic rent invoice for each rent paid by the tenant…

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Is the mortgage rate in Costa Rica damaging the economy?

Did you know that the mortgage rate in Costa Rica is outrageous? I pay 9.5% interest rate on my mortgage in U.S. dollars! Politicians have been debating, due to the elections 2018, about economic solutions for the last few months. Because the government needs money. Don’t we all? Now that Carlos Alvarado of PAC was…

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Do you need title insurance when buying property in Costa Rica?

The very first time I had any idea what title insurance was all about was in 2002. In Costa Rica, title insurance was not customary. Only INS, the local insurance company, could sell insurance, by monopoly regulations. Not until 2008, President Oscar Arias signed a new law that opened up the insurance market in Costa…

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