WHY INVEST AND LIVE IN COSTA RICA
Clients, friends and family ask me all the time “Why did you invest in Costa Rica?”
And my reply is always the same! Why Not? Do you have a better idea?
Why do you want to put your money in a bank? The returns are lousy.
The Stock market is way too risky! Take a look at your IRA and 401K’s over the past 3 years.
The US real estate market, Forget about it. Its will take a close to a decade to turn around.
Costa Rica on the other hand has everything an investor could ask for.
It has a stable democratic government. It has very little crime and constantly improving infrastructure.
Very low property taxes, only 1/4 of a percent of assessed value.
And most important Item! Costa Rica welcomes foreign investors with open arms.
Then the same people will ask me “Why live in Costa Rica?”
And my reply is always the same! Why Not?
Tell me about some place else that has what Costa Rica has to offer.
You do not want live in the Caribbean, too many hurricanes! I know I could not afford Hawaii.
Mexico and the other Central American countries are way too dangerous with drug wars and unstable governments.
And who wants to stay in the cold weather of the north.
With the taxes as high as they are, and about to get higher, I said forget it.
You can no longer afford to retire in the US and Canada, Not to mention the cost of living, insurance, medical costs and crime.
Costa Rica is the perfect place to invest and live.
The weather is spectacular 98% of the year
The people are warm, wonderful and very friendly. The cost of living is much less than the USA and Canada.
It is so close that you can go back north in a blink of an eye.
You also get very good medical care while your insurance and carrying costs very low.
Now if you’re going to invest or live in Costa Rica there is only ONE place to live
Guanacaste and the Papagayo Bay
Playa Coco, Playa Hermosa, Playa Panama and Playa Ocotal
The Main Reason Why You Should Make The Move? Follow the BIG INVESTMENTS.
I tell most of my clients that investing in Costa Rica is not like investing in the States or Canada. You can’t just buy anywhere. You have to pick your spots. The government of Costa Rica, compared to other Central American countries, is very well off. But they do not have an unlimited supply of money. So when they decide to focus on an area, like they have here in Guanacaste, they are going to make sure it succeeds. They can’t afford to make a mistake, because they can’t afford to throw money away. The government has decided that this is where all of their investment dollars will be going over the next 15 years. They have sunk millions into upgrading the infrastructure: roads, municipal water, telephone, internet and cable and satellite TV. They have backed hundreds of projects from golf courses to resort hotels to marinas and have even expanded the airport to handle all of the incoming traffic. Putting your money into the Papagayo area is about as safe of an investment as you can get. With everything that is happening we will see record returns on our money in just a few years. What I am seeing is that due to the fear of the stock market back home and the stagnant economy and real estate market in the US and Canada, more and more people are moving their money to offshore investments such as real estate here in Costa Rica. We have been seeing consistent returns for the last 5 years and upwards of 40 to 50% returns in 2005 and 2006, making this one of the hottest investments going. We expect to see this same kind of growth over the next 5 years as hundreds of millions of dollars continues to be invested in our area. More and More baby boomers are looking to make the move. Join them!!
Tree - lined tropical beaches whose warmth is exceeded only by the people who live here, spectacular birds and flowers whose intense colors rival those of an erupting volcano, activities ranging from white water rafting and surfing to sport fishing and golf. With so much variety, there’s guaranteed to be something to suit everyone’s taste! One could cross from ocean to ocean in only a few hours. The climate is idyllic with temperatures ranging between eighty and ninety degrees Fahrenheit.
Located in the tropical latitudes between the giant biological influences of North and South America and bordered by two oceans, mountainous Costa Rica enjoys an immense diversity of climates and environmental regions. While Costa Rica covers a mere 0.03% of the planet’s surface, the nation is endowed with over 5% of all life forms on earth. Costarricans have preserved this invaluable biodiversity in protected areas covering fully one quarter of the land. No other country in the world has so much actively protected area per capita. Costa Rica is a model for conservation in harmony with community development and economic growth. An impressive 22,647 miles of roads give easy access to every habitat.
Switzerland of the Americas, Costa Rica is the oldest democracy in Latin America. In 1949, the modern constitution abolished the army and directed the country’s resources to education, social programs and economic development. This political stability has attracted many international organizations to Costa Rica, such as the Inter-American Court of Human Rights, The International Development Bank and the Earth Council. Costa Rica has one of the strongest U.S. dollar reserves in Central America (nearly 1 billion), a democratic government, and a high level of education, a strong labor force and one of the best infrastructures in Central America.
Health Care: Free universal health care covers everything from dentistry, maternity care, to open heart surgery. As a result, Costa Rica’s population is very healthy and enjoys a life expectancy exceeding that of North Americans. Quality of health care in Costa Rica is comparable to North America, but at rates 50%-70% less, making medical tourism an important business in Costa Rica.
Education: Costa Rica has the highest literacy rate in the Americas of over 96%. Free and compulsory education for all until the 3rd year of high school, with some of the best universities in all of Latin America, Costa Rica’s highly educated work force is the main impetus behind Costa Rica’s emergence as the world’s new “Silicon Valley” South”: Intel has recently built the world’s largest microchip processing plant in Costa Rica with other companies following suit such as IBM, Microsoft, Motorola, Acer Corp., to name just a few. The government’s pro-business attitude coupled with the country’s highly educated work force is quickly making Costa Rica the place to do business.
About Costa Rica
Officially Republic of Costa Rica, republic (1995 est. pop. 3,301,210), 19,575 sq mi (50,700 sq km), Central America. It is bounded on the north by Nicaragua, on the east by the Caribbean Sea, on the southeast by Panama, and on the south and west by the Pacific Ocean. The capital and largest city is San José . In addition to the capital, other important cities are Alajuela , Heredia , Puntarenas , and Cartago .
One of the most stable countries in Latin America, Costa Rica has a long democratic tradition, a literacy rate of over 90%, and no army. The population is largely of Spanish descent, and the official language is Spanish. About 95% of the people are Roman Catholics.
Costa Rica is an agricultural country, although industry is being developed at a moderate pace. Industries include food processing and the manufacture of textiles and clothing, construction materials, fertilizer, and electronics. Coffee, bananas, sugar, and beef are exported, as well as manufactured goods such as textiles. Petroleum, machinery, consumer durables, chemicals, and foodstuffs are imported. Tourism is the second biggest money-earner, after agriculture.
The country is governed under the 1949 constitution. The president, a strong executive, serves a four-year term and may not be immediately reelected. The unicameral legislature is also elected for four years. There is universal adult suffrage, and voting is compulsory. The country is divided into seven provinces.
*Columbia Encyclopedia, Sixth Edition, Copyright (c) 2003.