How does ownership works?

Foreign Citizens and Costa Ricans have equal rights under the Costa Rican Constitution to own property here. Property can be purchased in your personal name or in the name of a corporation that you represent.it is more common and recommended to acquire the property through a corporationas in order to ease ownership by multiple partners or within a family group, to separate potential personal liabilities, to facilitate the closing procedure, and allow for easier transfer to relatives in case of casualty. The Costa Rica holding company will also make it easier to obtain services such as electricity and cell phones, as well as, opening a bank account.The process of setting up a corporation is not complicated or expensive, but requires the expertise of your attorney to ensure it is set up according to your wishes.


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