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Mark Savoia's Costa Rica Playbook
Mark Savoia's Costa Rica Playbook
Mark Savoia's Costa Rica Playbook

#1 Expert on Maximizing Wealth with Real Estate in Costa Rica

Frequently Asked Questions

  • Do I have to physically be in Costa Rica to purchase property?
    No. Many of the people Mark works with conduct their entire property search, including making an offer and closing on a deal without ever setting foot in the country. Mark and his team are set up to be your ‘eyes and ears on the ground’ when it comes to Costa Rica properties. We can help you narrow down your property search and take photos videos, and even live streaming property walkthroughs so you can get all of your important research done without ever getting on a plane! Many of Mark’s clients do like to come visit at some point during their search but it's not a requirement, and we can accommodate you either way.
  • How do you get residency in Costa Rica?
    To become a resident in Costa Rica, applicants must meet specific requirements which vary depending on the type of residency sought. Common categories include pensionado (for retirees), rentista (for those with income from abroad), and inversionista (for investors). Generally, applicants need to show a clean criminal record, provide proof of stable income or investment, and undergo medical examinations. Detailed instructions on the residency application process, including required documents and procedures, can be found in our free Costa Rica Playbook eBook, particularly on page 32.
  • What are taxes like in Costa Rica?
    In terms of Income tax the top tax brackets will be paying around 30% for personal and business's. Also, generally speaking, tax write offs are more liberal in Costa Rica than many other countries. As just one example, meals are 100% deductible as a business expense. Property Taxes are cheap. Taxes will vary by location but in the Southern Pacific area we’re talking about $900 per year on a $600,000 home. A complete in-depth breakdown on taxes is available in our free Ebook, Costa Rica Playbook on pages 25 and 35
  • Is Costa Rica safe?
    Yes, Other sources online will verify that Costa Rica is known as the safest country in Central America. There is petty crime here, just like almost everywhere else. I tell people, just be smart about it. You wouldn’t leave your wallet and phone sitting out in the open inside your car at home, right? Don’t do that here either.
  • Can you work in Costa Rica as a foreigner?
    Technically, to get a job here you need your residency, but Costa Rica is a huge place for entrepreneurs and self employed people. WiFi is everywhere here. If your business is location-independent, you can work from home or in cafes and restaurants. I have friends who run agencies and business consultancies from down here.
  • Can you own a home as a foreigner in Costa Rica?
    Yes. Costa Rica is friendly to foreign investment whether you are purchasing a property to live in, or to use as an income-producing rental. In addition, Costa Rica has a range of progressive options relating to securing residency should you wish to relocate here. The Costa Rica Playbook elaborates on these options in further detail.
  • Is Mark Savoia a Costa Rica relocation expert?
    Mark provides many of the same services as relocation experts at no charge to his clients. People who contact Mark are interested in getting inside guidance and expertise on buying real estate in Costa Rica. Mark is an experienced former contractor and real estate agent who has been coming to Costa Rica for over ten years and living here full time for the past four years. He is a North American ex-pat who has been through the relocation experience first-hand and helped thousands of others from around the world do the same.
  • Is Costa Rica welcoming to foreigners?
    Yes. At the national government level, Costa Rica is welcoming to tourists and immigrants from around the world. From their progressive digital nomad visa to flexible and progressive immigration categories. At the local cultural level, throughout Costa Rica you will find local people generally friendly and welcoming, particularly if you take the time to get to know them and their culture.
  • Do foreigners have to purchase a property before they can move to Costa Rica?
    You can, but you don’t have to. Costa Rica offers a choice of immigration options, some whereby you purchase property and others where you can rent.
  • How affordable are properties in Costa Rica?
    Costa Rica is unique in that it is a desirable tropical destination with a full range of real estate opportunities. We can help you narrow down your search whether your budget is $400,000, $4 million, or more – and everything in between. There are even lots available for $100,000 in certain areas. It’s all dependent an your goals and desires. Mark and his team are set up to help you find the perfect property for you in this tropical paradise.
  • Are there reputable property management companies that cater to expats in Costa Rica?
    Yes, several reputable property management companies cater to expats in Costa Rica, offering services such as property maintenance, rental management, and tenant interactions. We can provide recommendations.
  • What’s so special about real estate in Costa Rica?
    Costa Rica enjoys one of the world’s best year-round climates in terms of sunshine and warm weather. For people who enjoy warm climates, Costa Rica is appealing because it offers a great mix of developed urban areas combined with undisturbed and protected natural surroundings. Not to mention hundreds of tropical beaches, waterfalls, jungles, bamboo forests, and as much tropical wildlife as you can imagine. As well, there is great variety of real estate in Costa Rica. You can be steps away from the beach, tucked into a neighbourhood or even living more remotely up one of the many mountain roads that carry you away to more private secluded properties that are still within a short drive of all that you need.
  • Is Costa Rica hot?
    Yes, Costa Rica is a hot climate, however, the temperatures fluctuate depending on your elevation. As you ascend mountain roads, where many homes are built, not only are the views spectacular, but the air can be much cooler depending on how high you go.
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