Tuesday, November 30, 2010
Expats on the move: Establishing residency in Costa Rica
While health care debates, social security reform and higher taxes take center stage in Washington, D.C., more and more Americans seem to be seeking residency elsewhere in the world and the number one destination appears to be Costa Rica.
“We’ve seen a lot of passive inquiries about moving to Costa Rica and establishing residency there since starting our project,” commented Hacienda Matapalo Executive Vice President Brian Albury (pictured), whose company is building a 665-acre master planned gated community on the country’s South Pacific Coast. “But lately we’ve seen a dramatic upswing in serious interest – more so than any other time during this phase of our development.”
According to Christopher Howard, an authoritarian on Costa Rica and author of the recently released book "The New Golden Door To Retirement and Living in Costa Rica," there are more Americans living in Costa Rica per capita than any other country in the world. In an article on the Web site Costa Rica Outdoors, Howard wrote that Americans tend to feel more at home in Costa Rica than other Latin American country citing several reasons including health care, business opportunities, high yielding investments, tax breaks, real estate costs and security concerns.
Because of the increased interest in establishing residence in the land of Pura Vida, on Tuesday, December 14th, Albury will host an in depth Web-based seminar on what it's actually like to live in Costa Rica and establish residency there. Scheduled to start at 6 p.m. ET, but also available On-Demand, not only will Albury go over all the nuances of living in the Central American country from housing, transportation, communications and medical, but he will provide a real sense of what expats can expect when they choose to make the move there – something thousands of Americans and Canadians have already done.
“There is so much to know about establishing residency it can boggle the mind,” said Albury. “For example, just like in the U.S. where there are several types of residency statuses, the same holds true for Costa Rica and whether we’re talking about a pensionado (retiree), rentista (legal resident), inversionista (investor), vinculo (relation to citizen) or any other classification, each has its own set of criteria.”
To register for the December 14th eSeminar click here or visit http://haciendamatapalo.com for more details.
Hacienda Matapalo is Costa Rica’s most sought after project with more than $63 million in pre-construction sales. It is located between the cities of Quepos and Dominical and adjacent to the new Costanera Highway. In October they announced they had awarded their infrastructure construction contract as well as a strategic partnership with Su Casa Desarrollos de Vivienda S.A, the leading company of the Tu Hogar S.A. Real Estate Group.