At CRTropico, we understand real estate law like the backs of our hands. Unlike many countries, in Costa Rica foreigners have the same rights as citizens to buy and own property. The government operates a public National registry, which records the status of each property including information like the ownership of Costa Rica title to land, any existing liens, annotations and/or mortgages which might exist against the property. This information is important because it allows your lawyer to confirm that there is clear title to your property, as well as to discern if there are any restrictions on the property before the deal is completed.

A person can own property in their own name or in the name of a corporation they own. They do not need a local partner, except in cases of beachfront concession property, where special rules apply. There is nothing to prevent someone from purchasing Costa Rica property in their own name, but the majority of buyers form a corporation with the help of a reputable lawyer and then purchase property through that corporation which has benefits in terms of liability.

Another attractive aspect of buying property in Costa Rica are its very low property taxes which are ¼ of 1% annually. As an example, if you bought a home with an assessed value of $100,000, the property taxes per year would only be $250.

Because a potential buyer wants to be sure that there are no problems with the property they are interested in buying, a qualified lawyer is essential and a lengthy due diligence process is required. This process usually takes 40 (?) days to complete and is for the buyers safety and to spot any issues before the property is purchased. CRTropico specializes in doing due diligence for foreign buyers looking to buy property in Costa Rica and are intimately aware of all the issues that may arise, especially in the Southern Pacific region.

BANKING & FINANCE

Banking and finance law is a huge and diverse area of practice ranging from representing banking and financial institutions, mergers and acquisitions of large corporations, to representing individuals who may have had their bank accounts compromised by financial institutions that fail to follow federal regulations.

At CRTropico we specialize in helping individuals. Many people find they need help with banking and finance law when they are forming a new business. There are specific methods and practices that must be established when starting a business, and it is in these situations that it is helpful to have the advice of a lawyer who specializes in banking and finance law. There are many laws, regulations and contracts that may dictate how a new business spends and accounts for income and investments. This is why many individuals and small businesses feel that they need to hire a lawyer specializing in this area before they form their new business to make sure that they are in compliance with all the legal rules.

CORPORATE & COMMERCIAL

Commercial law, which is also known as business law or corporate law, is the area of law that refers to the rights, relations, and conduct of people and businesses engaged in commerce, merchandising, trade, and sales. It is often considered to be a branch of civil law and deals with issues of both private law and public law.

ENVIRONMENTAL

In Costa Rica, the environment is one of our greatest assets, and conserving and protecting it is very important to everyone who lives in our beautiful country. Environmental law is defined as the laws that regulate the impact of human beings on the environment. Environmental law covers a broad range of activities that affect the air, water, land, plants and animals. Environmental law includes laws that are concerned with:

• Protection of animals and plants
• Planning for the use and development of land
• Mining, exploration and extraction industries
• Forestry
• Pollution
• Fisheries
• Land and fire management
• Agriculture and farming
• Waste management
• Climate change and emissions
• Water resource management (lakes, wetlands, rivers and oceans)
• Chemicals and pesticides
• Weeds and invasive species
• Marine life
• Conservation of natural and cultural heritage

At CRTropico, we take these laws very seriously and with every legal decision we make, we always consider the potential impact on the environment. It is very important to us that we keep this country beautiful for our children and many generations to come.

FINANCIAL ADVISORY

CRTropico provides advice to clients who wish to enter in the Costa Rican and Central American financial system weather it is creating a new business entity, buying or developing land, investing, etc… (get examples)

IMMIGRATION

At CRTropico, we have seen a dramatic increase in people from all over the world relocating to Costa Rica because of its beauty, diversity and business and investment opportunities. Because immigration can be a complex process, we are able to help individuals to more easily move through the different stages of the process and eliminate many of the stresses of relocation and settling into a new culture. Because our team was born and raised in Costa Rica, we can help with every aspect of that relocation and be sure that every newcomer to our country will come to enjoy the “pura vida” attitude that makes Costa Rica such a wonderful place to call home.

LABOR & EMPLOYMENT

Labor law – which is also known as employment law – is responsible for mediating the relationship between workers, employers, trade unions and the government. Collective labor law relates to the three-way relationship between an employee, an employer and a union.

TAX LAW

Tax law is the body of law concerned with taxation and governs the rules, policies and laws that oversee the tax process. Taxation is an assessment made by the government that determines property value, transactions, estates of the deceased, licenses granting a right and/or income, and duties on imports from foreign countries. It includes all contributions imposed by the government upon individuals for the services of the state.

WILLS & MARRIAGES

A legal will determines the distribution of real and personal property at death and names a person to administer the estate. Jointly owned property will pass automatically to the surviving owner(s) and will not be affected by your will.

A properly prepared legal will determines how personal property is distributed after a person dies and names a person – known as the executor of the estate – to carry out the wishes of the deceased (the distribution of assets and property). Property that is owned jointly, for example by a husband and wife, passes automatically to the surviving owner and is not affected by your will.

Wills in Costa Rica are governed by the Costa Rican Civil Code. In the form below I have set forth the content of a standard will. This is the English translation of a simple will that complies with Costa Rican Law. This type of Will is known as a Testamento Abierto because the will is done before a Notary Public and the will gets filed in the National Archives (Archivo Nacional) of Costa Rica.

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A true Tico is like a Bark tree, his word is not broken, his family is not hungry or ashamed, the river does not stop him, the water does not wet him, people do not beat him down. She gets up early for her work, the dawn and the dew on the sleeper welcome her to her land. Your day begins in the morning sun, the rays give it life and strength. Hunger twists his gut in the middle of the day, and he sits down to eat without hours or rush. Omelette, pork rinds and banana cooked in beans, wrapped in banana leaf and a good egg cake, which his brunette prepared for him before leaving the house. He rested and goes back to work. At twelve o’clock the doodle is over and he goes home tired to rest. The afternoon awaits you at home with your family, which you enjoy again and without schedule, free, in a hammock, or your floor, a dirt floor house but very yours.

PURA VIDA is that legacy, precious and sought after in Costa Rica by many, wrongly confused with the party and vagrancy. It is our people, our freedom, our truth, our goodness and principles that today’s lifestyle increasingly corrupts with its money.

The pura vida is not bought, it is not sold and now it is almost not given. However, it always exists, yes, it is difficult to see or recognize it almost always in front of our eyes, in the acts of our good people, in our brave employee, in our honest public servant, in our partner, in our client or in our real friend .

Rarely, the pura vida hides in remote places, where the water is still clean, where the rivers still have fish, where the forest is thick and the people are pure. Where there is not even a radio, much less internet, there in Dos Bocas de Aguirre, or in Mogos or in California in Paramo, where there is plenty of sweet water and coffee, where cheeks are still pink.

This lifestyle consists of morning work, honest hard work, but at the same time enjoying and resting. In being ashamed and doing good. It consists in being proud and protecting our culture, in continuing to be an example of peace and work.

Our land, alive, beautiful and green is fertile ground, which makes life easy for us. Like this Bark tree, a way of life is planted, cultivated and protected, and with the years and in its time it will flourish, and with the years its wood will bear fruit. Thus, the pure, prized and persecuted, almost extinct life can be cultivated and with time this current society and many times not so pure, will be pruned, sprout and can be reconverted into that living, good, green and pure life, in which the Attic he feels the blood running through his veins.

Pure Life

Here is the original version Que es la Pura Vida?

Nuestra gente vieja disfrutaba de un estilo de vida diferente al nuestro. Eran gente de bien y de confianza, criados al sol, de piel canela y viva, de sangre brava, orgullosos de sus milpas, de sus aguas y de su libertad. 

Un tico verdadero es como un árbol de Corteza, su palabra no se rompe, su familia no pasa hambre ni vergüenza, el rio no lo detiene, el agua no lo moja, la gente no lo maja. Madruga a su trabajo, el amanecer y el rocío sobre la dormilona lo reciben en su tierra. Su día inicia al sol de la mañana, los rayos le dan vida y fuerza. El hambre le retuerce la tripa a medio jornal, y sin horario ni apuro se sienta a comer. Tortilla, chicharrón y plátano cocinado en frijol, envuelto en hoja de plátano y una buena torta de huevo, que su morena le alistó antes de salir de la casa. Descansó y vuelve a su trabajo. A las doce guinda el garabato y se va a su casa cansado a descansar. La tarde le espera en casa con su familia, de la cual disfruta de nuevo y sin horario, libre, en una hamaca, o su suelo, casa de piso de tierra pero muy suya.   

La PURA VIDA es ese legado, preciado y buscado en Costa Rica por muchos, mal confundida con la fiesta y la vagabundería. Es nuestra gente, nuestra libertad, nuestra verdad, nuestra bondad y principios que el estilo de vida actual corrompe cada vez más con su dinero. 

La pura vida no se compra, no se vende y ahora casi no se da. Sin embargo siempre existe, eso sí, cuesta verla o reconocerla casi siempre frente a nuestros ojos, en los actos de nuestra gente buena, en nuestro empleado valiente, en nuestro servidor público honrado, en nuestro socio, en nuestro cliente o en nuestro amigo real. 

Raramente, la pura vida se esconde en lugares remotos, donde al agua aún es limpia, donde los ríos aún tienen peces, donde al bosque es espeso y la gente es pura. Donde ni siquiera hay radio, mucho menos internet, allá en Dos Bocas de Aguirre, o en Mogos o en California de Paramo, donde abunda el aguadulce y el café, donde todavía los cachetes son rosados.     

Este estilo de vida consiste en mañanear a trabajar, en trabajar duro honradamente, pero a la vez en disfrutar y en descansar. En tener vergüenza y en hacer el bien. Consiste en ser orgulloso y en proteger nuestra cultura, en seguir siendo un ejemplo de paz y de trabajo. 

Nuestra tierra, viva, linda y verde es terreno fértil, que nos da la vida fácil. Como ese árbol de Corteza un estilo de vida se siembra, se cultiva y se protege, y con los años y en su tiempo floreará, y con los años su madera fructificará. Así la pura vida preciada y perseguida, casi extinta se puede cultivar y con el tiempo esta sociedad actual y muchas veces no tan pura, será podada, retoñará y podrá reconvertirse en esa vida viva, buena, verde y pura, en la cual el tico siente correr la sangre por sus venas. 

Pura  Vida

Written by David Zuniga, Lawyer at CR Tropico Law Firm in Costa Rica.

The post What is “Pura Vida” According to David Zuniga appeared first on Costa Pacifica LIVING.