Do I need a lawyer to invest in Costa Rica?

Costa Rican laws are very similar to the ones in the USA or Canada. Except that, all official papers need to be in Spanish. Therefore, it’s a good idea to have a lawyer that is fully bilingual English/Spanish.

To buy safely in Costa Rica just follow a few easy steps, or ask your lawyer:

– make sure the seller is the owner
– make sure the property is clean, no loans or other problems with the law
– don’t send the money directly to the seller or to the lawyer. Send it to an escrow account under the regulation of SUGEF (the organisms that regulate and controls the banks)
– have a clear, detail written offer. This can be in English. Specify when and in what conditions payments will be done.
– Make sure that your lawyer deposited the final contract in the National register (Registro Nacional). It can take up to 2 months before the property is at your name on the national register.

Guaria Morada is a safe way to make a great real estate investment in Costa Rica.

If you have a question, please feel free to contact us.

By |2018-04-26T17:37:08+00:00February 20th, 2018|FAQ|0 Comments