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  • Costa Rica's allure unending: Mountains, jungles, low costs
    in the water and look at shore the vegetation is so thick you can t see the developments I m on a dirt road There are seven or eight places to stay on the beach here which is a couple miles long It has a pretty native feeling it s like we re in the middle of nowhere Q Is it remote A No We re about four hours from San Jose the capital and there s a puddle jumper flight that gets you there in 25 minutes Farther south on the Oso Peninsula it s more remote But even there it s just a 45 minute flight to the capital It may feel remote here but people can get Direct TV if they want it in their wooden shacks Which they sometimes do Q I ve heard surfing is big where you are True A The country is pretty much all coastline with surfing all along the Pacific where we are and Atlantic It s why I first visited here eight years ago The waves are very consistent compared to the U S East Coast There s surfable surf every day strong rip currents and big waves Q Can you get boards down there A A town called Jaco a couple hours north has lots of shops The closest town to where we are is 45 minutes north and doesn t have much of a selection The surf industry hasn t really picked up in this area Surf wear is really popular with kids and adults here Boards are expensive for locals so the Ticos the Costa Ricans don t surf a lot Q What s the local scene A Tourism is definitely building but isn t huge here yet Between here and the next big town north Manuel Antonio Quepos are many small plantation towns where someone has put in a soccer field and houses around it They re like mill towns where the houses all look alike People work in mills and factories Manuel Antonio Quepos is two towns next to each other Quepos is larger Manuel Antonio is the tourist town Where I am in Matapalo there are probably 500 people Ticos and foreigners About 75 live on the beach the rest are inland in the town Ticos work in construction or maintaining property for gringos Down here by the way gringo is not considered a derogatory term for an American Q What s the food like A Ticos eat a lot of rice and beans it s called gayo pinto Many have this for almost every meal There s a rice and chicken dish arroz con pollo that s like the chicken and fried rice at Chinese places Their meat and two is called casado basically it s meat rice and beans plus a side dish maybe some tuna pasta salad or mashed potatoes You choose your meat like a pork chop or piece of steak Q Is it expensive to live there A Very

    Original URL path: http://www.ticonet.co.cr/costa-rica/readings/060327.html (2015-06-03)
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  • The boomer real estate boom reaches Costa Rica, Guatemala and Nicaragua
    years extra mellow Although places like Playa del Carmen and Cancún in Mexico have long been retirement havens ever venturesome boomers are settling deeper into Central America lured there as much by the laid back ethos as by the lush forests and beckoning beaches Costa Rica alone according to the foreign retiree association Casa Canada in San José plays host to 50 000 Americans That migration has spawned a real estate boom in scenic coastal and mountain towns from Honduras to Panama Savings still go far in Central America I know people who live here on less than 1 000 a month says Sadlier Even in tonier Costa Rica 1 500 buys monthly comforts including 150 for a full time housekeeper Many doctors in Guatemala City the capital near cosmopolitan Antigua have been trained in the U S or Europe and they make house calls Retirees in Costa Rica can qualify for a 500 a year version of Medicare or use private hospitals that cater to fussy foreigners Is your ticker tuckered out Open heart surgery can be had for just 45 000 says Ryan Piercy general manager of the Association of Residents of Costa Rica The boom has its ugly American side Beachfront development has devastated parts of the reef around the diver s paradise of Roatán the best known of Honduras storied Bay Islands And although Antigua and Costa Rica are relatively safe burglaries are up in Honduras driving the development of gated communities But Bill and Judith Allred who in 1998 bought a pod style home in Roatán conceived by the Canadian designer Hal Sorrenti say common sense helps ward off crime This isn t St Barts says Judith You don t go out at night wearing jewels As the gringo migration grows so do real estate

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/060319.html (2015-06-03)
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  • The Stock Company In Costa Rica
    act in legal representation of the company are responsible for the actions that have been carried out contrary to the interests of the company and its shareholders With regard to the Company Books there are six books in total there are three corporative books one for the Assembly of Shareholders one for the Registry of Shareholders and one for the Meetings of the Board of Directors in addition there are three accounting books Once these books are on hand they have to be presented to the corresponding Tax Administration to be authorized and they are indispensable for the implementation of any changes in the statutes of the company as well as any change in powers all of which has to be transcribed in the book established for this purpose and must take place in the Assembly of Partners Another important clarification to make has to do with the share capital specifically from a taxation point of view because the higher the share capital the higher the taxes to be paid in terms of the shares to be distributed among the partners it is also worth pointing out that they are indivisible pursuant to Costa Rican legislation since the legislation does not authorize their division and therefore the best option is to carry out a distribution in the simplest way that allows for future distributions in terms of capital as well as earnings It is in this way that the Stock Company and its application in Costa Rica proves very efficient when acquiring assets given its versatility and broad coverage when one wishes to invest purchase a property and finally in practice its use is extensive and when these types of transactions are carried out through a company the process and the common procedures required by the corresponding authorities are facilitated the transfers are effected in an easier and more efficient manner and as mentioned its structure is flexible for all matters that are an everyday occurrence in our country Furthermore it is possible to foresee other benefits such as the avoidance of futile and long successor processes in the case of the inheritors of the ownership of assets and all that refers to the taxation of the company since it is a well known fact that the expenses of a legal entity are more flexible than the expenses of a natural person as well in terms of representation which occurs through the granting of special and general powers and other authorizations to take actions because the physical presence of the person in question and who constituted the company is not required Still on the subject of the taxation of the company being an aspect that can not be excluded it is important to emphasize that the companies in general are required to be registered before the corresponding Taxation Administration If during the fiscal year in Costa Rica the company is inactive or is not engaged in the determined business it does not have to be formally registered in the Department

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/060221.html (2015-06-03)
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  • In a Corner of Costa Rica, a Beachhead for Luxury
    Gated Community Ocean View Villa Furnished Home with Views prev next TicoNET Real Estate Costa Rica Real Estate In a Corner of Costa Rica a Beachhead for Luxury By Janelle Brown The New York Times February 3 2006 THE Liberia airport Costa Rica s new international hub is not precisely a beacon of modern transportation The terminal consists of an open air warehouse with a corrugated tin roof cooled by an enormous fan whose main effect is to stir the grasshoppers into a frenzy In the line for customs visitors are kept company by butterflies and the occasional blasé frog Before visitors even leave the tarmac though smiling representatives from the local Chamber of Tourism are there to greet their out of town guests most of whom have just arrived on the new direct three hour flights from Atlanta Miami and Houston They press the real estate guide Costa Rica Traveler into newcomers hands In its pages American visitors can find ads for dozens of different developments that will happily sell them a villa with an ocean view Read more about Costa Rica Copyright 2006 The New York Times Company Real Estate Information Buying a Business in Costa Rica Buying

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/060203.html (2015-06-03)
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  • Development and Application of Trusts in Costa Rica
    the debtor of a credit transaction generally with one of the banks of the National Banking System of Costa Rica The trustor gives assets to the fiduciary designating the creditor bank as trustee If the debtor fails to settle the debt the trustee requests that the fiduciary sells the assets and pays him It is applicable in all those negotiations expressed through contracts or agreements in which one or both parts surrender the trust in patrimony and this serves as a guarantee so that the third party the fiduciary obligates the contracting parts to comply with their commitments or obligations The guarantee trust is therefore a contract through which the assets object of pledges or advances are surrendered to the fiduciary by virtue of third party agreements so that the latter retains legal title of the same until such time as the contractual terms or conditions of interest between the parts are fulfilled This type of trust offers the following benefits It guarantees legal title of the asset for the purpose of the fulfilment of the contracted obligation It avoids judicial actions in the event of default The investment trust has as its principal objective the generation of earnings and considerable surpluses resulting from the placement of the assets held in trust in productive activities Here the trustor and trustee are one and the same because it is the trustor who subsequently receives the dividends that have been generated The goals may be general or specific but in some cases the fiduciary entity prefers to seek the technical help necessary regarding the utilization and employment of means so that he is considered an intermediary and is not responsible for guaranteeing the results This modality is divided in two With specific distillation Refers to those in which the investment or placement of any security or sums of money is authorized as the principal objective in accordance with precise instructions of the trustor The common fund They are operated with resources obtained from the execution of fiduciary transactions in which the investment of these resources in securities within the percentages expressly indicated by the legislator and over which the fiduciary exercises collective administration is authorized as the principal objective This type of trust offers the following benefits The beneficiary receives with certainty the product of the investment The investments are managed by highly qualified personnel Immediate availability of the assets The administration trust is that trust through which the client transfers to the fiduciary certain assets or funds to be administered in accordance with the specific needs for which purpose they were constituted whether it be administration collection or monitoring It applies for example to persons residing abroad who have assets in the country In these cases the trustor is at the same time the trustee This type of trust offers the following benefits Reduction of costs and workload of the trustor Partial and confidential administration In addition to the three categories mentioned above in Costa Rica there is a wide variety

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/060126.html (2015-06-03)
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  • A Second Home in Bulgaria?
    or the Catskills too sleepy that Aaron Hicklin ended up in Croatia Nor was it simply the cachet of owning a vacation home in Europe I didn t want to go somewhere obvious said Mr Hicklin 36 the editor in chief of Black Book magazine who lives in Brooklyn So instead of a seaside cottage in the south of France he and his partner Ilya Marritz 28 a radio producer

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/051028.html (2015-06-03)
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  • More American Retirees Seek Havens Abroad
    concerned with pesos as pensions and foreign language classes as Medicare They are part of an emerging population expecting to spend their retirement abroad In January baby boomers will start hitting 60 at a rate of more than four million a year More mobile active and adventuresome than prior generations these 78 million Americans are rethinking retirement Many will be lured overseas by a more affordable cost of living and

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/050730.html (2015-06-03)
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  • Americans find the good life in Costa Rica
    Washington D C based AARP the nonprofit group that addresses interests of people 50 plus For persons age 55 and older approximately 5 are going to move in any given year By comparison persons under age 55 are moving at a rate of 18 a year But one study of baby boomers by a home builder found half itching to move upon retirement And Wake Forest University gerontologist Charles Longino says the tide of migrating retirees is set to swell The baby boom is approaching retirement said Longino It doesn t really matter much whether the proportion of the older population that s making moves declines Their numbers will increase incredibly between 2010 and probably 2030 or 2040 So where will all the retirees go Community planners like those who built the legendary Sun City retirement mecca in Arizona in the late 1950s are staking their claim on new hot spots Judging by the 2000 census Longino says Florida still leads the pack in luring those 60 and up About 395 000 moved into the state in the five years before the census That s triple the number who moved to the next most popular state Arizona After Arizona retirees chose California Texas North Carolina and a newcomer to the top 10 Nevada We have a terrific business in Nevada It s one of our top performing markets said Dave Schreiner a vice president at Pulte Homes Inc in Bloomfield Hills Mich Pulte runs a collection of 10 retirement communities across the U S in its Del Webb unit Many of the communities are under the Sun City brand name Home prices range from 100 000 to more than 500 000 Nevada benefits from a tax situation that s very favorable to the older adult Schreiner said And at last count there were what 40 million tourists a year A lot of people are aware of Las Vegas Retiree wannabes muse Later on I ll get a place in a nice small town said gerontologist David Demko in Boca Raton Fla They think about landscape climate quality of life transportation Do many go international People are considering that because your dollar does sometimes go further he said People are going to some places in Western Europe Poland the Czech Republic and Mexico A lot of people have been going to Costa Rica The strong euro has had some influence on location choices Demko says Those most likely to go abroad are retired executives or wealthy individuals who have traveled and see themselves more as citizens of the world But often when older Americans relocate it s not far away from their home turf Almost half of retirement age people who move just go elsewhere in the same county You hear the term downsizing but it does not necessarily mean moving to a less expensive home It does not even necessarily mean moving to a smaller home said Kochera It means moving to a home that s easier to maintain Active

    Original URL path: http://www.ticonet.co.cr/real-estate/readings/040226.html (2015-06-03)
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