Is it your dream to live in Nosara?
Here is the guidelines to make your dream come true.
How to invest in Costa Rica:
First step:
After you have found the right property or parcel, we will submit an Offer to Purchase (also known as a Letter of Intent) to the Seller or the Seller's listing agent in order to agree upon the sales price and basic terms of the deal.
Second step:
Once the Offer is accepted, a Costa Rican attorney will draft the formal Sale and Purchase Agreement. This document is the legally binding document, and it clearly states all conditions necessary for the transfer of the deed.
The attorneys will also connect you with one of the various Escrow Services who will hold the funds for the transaction during the process of your purchase per the terms agreed in the contract.
Third step:
The Due Diligence period, which is the complete legal research of the property to insure there are no liens, contingencies, legal issues, and that it has clean title and may be legally transferred to a new owner.
This period also includes Surveys, soil tests if requested, home inspections, and any
studies requiring professional services are conducted in this period.
If the property is being sold with an existing corporation, then the research of the corporation for any legal contingencies will also be completed during Due Diligence.
Generally, we recommend buyers open a new corporation and tranfer the deed to their newly created corporation.
Fourth step:
The Closing (transfer of the deed) occurs before a Costa Rican Notary Public, who will register the property under the new corporation or owner.
Alternatively, if the property is being purchased with an existing corporation, then the shares of the company are transferred at this time by a Shares Transfer Agreement. In this case the Notary Public corporation will make the corresponding changes to the corporation’s ownership in the National Registry.
Fifth step:
Declaring the property before the corresponding Municipality for property tax purposes by filling out the required form and presenting it along with the other documents through your attorney.
Source : https://brianbombard.com/faq-and-buying-information
