Announcement: International Real Estate Listings for sale

International Real Estate Listings

Del MINAE 100E y 100N - Limon - Limon - Costa Rica

0 - 0 - 370800 ft2 - USD 685000

crrb39644

Within an area of lush and beautiful green vegetation, this 8.52 acres rural property is for nature lovers. It is mainly flat and has a good location for retirement country home, weekend retreat or a self sustainable farm. All utilities available. Tropical rainforests can be found nearby: only 20 miles (33km) south is CAHUITA National Park and at 38 miles (63km) in the same direction there is GANDOCA MANZANILLO National Wildlife Refuge. Between these parks you will find the famous PUERTO VIEJO, the largest tourist destination in Costa Rica's Caribbean coast. From Puerto Viejo 21 miles (35km) further is Sixaola, the border town with Panama. From there is easy to travel to the popular BOCAS DEL TORO. PRICE INCLUDES PROPERTY TRANSFER EXPENSES: (This Property is out of Maritime Zone) Description Cost Land-plot $662,500 Transfer tax 1.5% 9,938 Documentary stamps/duty land 5,412 Notary Fees 7,150 -------------------- TOTAL $685,000 USD ==================== PROPERTY SHOULD BE DULY REGISTERED AT THE COSTA RICAN PUBLIC RECORD OFFICE WITHIN 45 TO 60 DAYS AFTER PRESENTATION OF PURCHASE DEED. The above figures can change a little because of the exchange rate. Soil survey cost depends on the type of test. Average cost is about $800.00 USD. If you want to register the property as an anonymous corporation, the notary fees plus taxes will cost you an additional $500.00 USD. Please read the following helpful article taken from the TICO TIMES: "The cool thing about Costa Rica, a foreigner can buy real estate and pass that title down, unlike Mexico where foreigner can only lease, and cannot buy, which as caused numerous disputes when titles suddenly change and/or were fraudulently made. The best way to buy real estate is set up an anonymous corporation instead of putting the property in an individual name. You will need a good attorney. Ownership of recordable assets, such as real estate and motor vehicles, is now the main purpose of most of Costa Rica’s registered corporations (S.A.). This method of “indirect” possession is the most highly recommended means of managing recordable assets. The advantages of having one’s real estate owned by a S.A. rather than held in an individual’s name are: •An anonymous corporation, as the name indicates, provides a measure of privacy for its owner(s). It will be difficult to obtain information about who owns the shares, providing the discretion which many foreign investors desire. •Personal liabilities are reduced by having your assets registered under individual Costa Rican corporations. •If you own real estate in your own name, you will have to pay land transfer taxes every time a property is sold. As of this moment, if a Costa Rican corporation owns the property, land transfer taxes do not apply (although legal fees do) – if you decide to sell your property or give it to a family member, because you simply transfer the shares of the corporation to the purchaser. •There is no capital gains tax paid in Costa Rica when you sell a corporation owning a property, since the sale is a private transaction. •Inheritance taxes in Costa Rica are high, but an anonymous corporation (S.A.) never dies. Your spouse or your children can indeed enjoy the fruits of your labor without having to worry about such taxes, as long as you leave them the shares of the corporation in your will. They can then appoint themselves to the Board of Directors of the corporation and carry on the tradition".

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tel Tel.:00 (506) 27 58 13 60  More Info Request more information

  
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