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why costa rica
Colinas Del Sol is located in the Guanacaste province of Costa Rica. Colinas chose this area because it is in tropical dry forest, an important ecosystem in the country. The advantage of the dry forest is that it has the best weather for those that like it hot and dry; meaning fewer mosquitoes and more sunny days.
Costa Rica is one of the best places to retire with an agreeable climate all year round, affordable services and easy accessibility to all major airlines through Liberia International Airport.
Healthcare in Costa Rica is relatively inexpensive with high quality trained doctors and medical professionals. A good educational system exists for foreigners with children under the age of 18.
Retiring in Costa Rica is relatively easy to arrange as anyone 45 years or older can apply for the easy-to- relocate retirement system set up by the government. Qualified retired pensioners are eligible for benefits including specific tax exemptions and incentives.
You do not have to pay tax on your retirement income in Costa Rica, so tax breaks are advantageous for foreigners. Property taxes are low in Costa Rica, at just 1/4 of 1%. This means that if a property is valued at $150,000, the property taxes are only $375/year.
As a foreign resident, you will not pay income taxes on foreign pensions or income generated outside of Costa Rica, but you may have to pay taxes on income generated in Costa Rica. Business income, after expenses, is taxed and there is a 13% sales tax on goods and services including restaurants, hotels, entertainment, etc. Bank interest is non-taxable to the client; therefore if you are told you will receive 6%, this is net percent.
Check Out Some Articles
Costa Rica tourism campaign launches in Canada and U.S.
launches in Canada and
$100 million in infrastructure improvement at Guanacaste Airport, authorities say
Costa Rica recognized among the cheapest countries to live
New regulations to improve tourism issued
