The Short Answer: Yes
Costa Rica has some of the most foreign-friendly real estate laws in Latin America. Foreigners can own titled property in their own name with the same rights as Costa Rican citizens. No residency or special visa is required.
Key Points for Foreign Buyers
1. Direct Ownership
You can hold property directly in your personal name or through a Costa Rican corporation (S.A. or S.R.L.). Both options are common and legally sound.
2. The Maritime Zone Exception
The one major exception is the Maritime Zone (Zona Marítimo Terrestre). The first 50 meters from the high-tide line is public land and cannot be owned by anyone. The next 150 meters is a concession zone where foreigners who have lived in Costa Rica for less than 5 years cannot hold concessions directly.
3. Due Diligence Essentials
- Plano Catastrado: A registered survey map of the property
- Folio Real: The property's title registration number
- Corporation check: Verify the seller's legal standing
- Municipality taxes: Confirm all property taxes are current
4. Closing Costs
Expect approximately 3.5–4.5% of the purchase price in closing costs, including:
- Transfer tax: 1.5%
- Legal fees: 1–1.5%
- Stamps and registration: ~0.5%
- Notary fees: ~0.5%
5. Annual Property Tax
Costa Rica's annual property tax is just 0.25% of the registered value — one of the lowest in the region.
Why the Western GAM Corridor?
The Escazú–Santa Ana–La Guácima corridor offers the best combination of infrastructure, appreciation potential, and quality of life for international buyers. With proximity to top international schools, world-class healthcare, and Ruta 27 connectivity, this corridor represents Costa Rica's premium residential market.
Next Steps
Ready to explore? Schedule a strategic consultation with our advisory team to discuss your goals and timeline.