According to Costa Rica’s Treasury Department, the owners of more than 2.3 million vehicles will pay an average of 7.76% less for vehicle ownership tax in the annual vehicle license collection for 2019. It is expected that a total of ¢175 billion colones be collected with this tax. Starting November 1st, the Treasury Department made
Costa Rica Moving Towards Recognizing Migratory Rights of Same Sex Couples. On November 20th, 2018, the Immigration Department (DGME) issued and submitted for public opinion a draft legislation titled “REGULATION FOR THE RECOGNITION OF MIGRATORY RIGHTS TO COUPLES OF THE SAME SEX”. The draft, which in summary states that same-sex couples holding a valid foreign marriage or
For the most part, people get extremely concerned when they hear the words recession, inflation or devaluation. Do not panic, all of these are natural stages of the economic cycle that every country has to go through over time. While it is important to have some knowledge in macroeconomics to understand what is currently going
As a quick update to the imposition of penalties for overstaying in Costa Rica, it seems that a new moratorium has been decreed. Whilst it had been announced that starting November 01, 2018, tourists with expired entry stamps, temporary residence or special category visa holders with an expired DIMEX and foreign nationals who have been
Earlier this year the Immigration Department announced their intention to impose penalties for overstaying in Costa Rica, however, they postponed the implementation of the fines due to difficulties processing the payments. Nonetheless, a moratorium was issued soon thereafter, standstill that will be officially lifted on November 01, 2018. On October 22, Immigration even launched a
I am on the road and I see a Costa Rican police car with the flag of China on it, and I wonder: is Costa Rica really independent? Last weekend (September 15th) Costa Rica celebrated 197th years of independence from Spain while at the same time early this month La Nacion newspaper announced that population
“Opportunities don’t happen. You create them.” — Chris Grosser The opportunity to begin a business venture is Costa Rica is not as daunting as one may imagine. All it takes is the commitment to make it happen. The following steps need to be completed in order to incorporate a company: Meeting of the founding members
President Carlos Alvarado signed today an act of Congress suspending the evictions in the Maritime Zone. The purpose of the law is to create a moratorium for the evictions for a period of 36 months. Please note that this only a moratorium, upon expiration of the 36 months the government will continue the eviction process
Unfortunately, in Costa Rica you are required to use an attorney and primarily a notary public for a significant number of transactions, and therefore it is very relevant to talk about Notary Publics and Attorneys. When purchasing a real estate, a vehicle, or registering a corporation, you must hire the services of a Notary Public.
So recently, we posted a video from the World Economic forum showcasing some of the benefits in Costa Rica which includes “free healthcare”. Some people took offense to this and thus commenting that it is not free, and that these videos should not be allowed as “looks are deceiving”. So, let’s take a look at healthcare
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