Cashing in the chips and moving to Costa Rica? Why not when your chips are worth so much more here. Now, don’t get us wrong, we don’t want you to think that Costa Rica is a bargain basement Central American country, no, in fact, it is the most expensive. Why is that good?
Because that means, in Costa Rica you will find a high standard of living that is far below the cost of living in the United States, Canada or Europe.
And, after all, isn’t that what you are looking for?
If you were to retire in Costa Rica, the only thing that you will have to give up are cold winters. We have good roads, shopping, high-speed internet, cell phone service and warm tropical nights. Maybe the most important plus is the medical community and facilities in Costa Rica. They are top notch. Many of our doctors have been trained in the US and Canada. So, tell your arthritis to take a hike.
With the cost of labor so reasonable, it is not beyond reach to be able to employ household help that will certainly improve your quality of life. Have the family down for a pura vida holiday and make some new tropical memories!
If household help is not enough, below are our top ten financial incentives for retiring in Costa Rica. Let’s see if they make sense to you.
Unlike several countries that impose complicated tax laws, foreign residence penalties and ownership limitations on retirees and investors, Costa Rica currently boasts many unique advantages and practical fiscal benefits to consider.
- No discrimination against foreigners buying – and owning outright – their own homes, condominiums and real estate
- Low annual property taxes
- No tax on income earned outside of Costa Rica – either for individuals or businesses
- A stable economy run by a stable government that is a democratic Republic
- The presence of many major international banks and financial institutions
- Steadily increasing property values on a limited amount of available real estate
- For decades, Costa Rica has had all the benefits of private, personal banking and non-disclosure laws
- Retirees may import all their cars and furniture – WITHOUT the 80% tax imposed on other residents
- Most real estate here is still quite a bargain and a smart financial move – especially when compared to prices in choice US coastal and European destinations
- You can invest now, even earn rental income in the meantime, then retire when you’re ready… after you’ve already locked in yesterday’s prices for tomorrow’s retirement paradise
If you are thinking of making this kind of move we urge to contact us. Experience counts, and we can offer guidance and help find you just the right home. We would be thrilled to be of service.
Let’s check out some of the places that you can go and things that you can do while you are here.
What is there to do in Rincón de la Vieja, Guanacaste?October 23, 2014
Witch’s RockSeptember 22, 2014
Arenal VolcanoSeptember 21, 2014
Want to know more about retiring in Costa Rica?
Click the blue button below and find out more about this awesome country.