Bird of Paradise Flowers in the garden.
What is a CONDOTEL
Bird of Paradise Flowers in the
garden.
What is a
CONDOTEL
condominium hotel (CONDOTEL) A condominium hotel project that has rental and reservation desks, short-term occupancy, food and telephone services, and daily cleaning services and that is operated as a commercial hotel even though the complex is owned by a small number of people. The owners of the Sociedad Anónima (Corporation) do not pay for the suite during their stay, whether its one day or an extended stay, only for and linen/maid services, restaurant and bar (at cost of course).
What are the amenities of a CONDOTEL
Ownership in the Sociedad Anónima (Corporation) "CONDOTEL".
When your unit is not used by you (no time restrictions), it will be rented as a hotel suite.
One of the great things about Costa Rica is it's 100% tax free regarding Capital Gains!
Costa Rica is a very safe democratic country that welcomes foreigners and their investments. Costa Rica is poised for continual growth due to the tourism infrastructure that is continually being developed.
During the past 28 years that we have been here, there has been a steady increase in property values, especially those which require very little upkeep, are financially sound and are profitable. Costa Rica has proven to be the preferred area for foreign investment, thus offering good holding or re-sale opportunity.
We advise all our clients to buy within a Sociedad Anónima (Corporation). Transfer fees are much lower than if you buy in your personal name, and if you wish to sell your share or shares of the Sociedad Anónima (Corporation) at a later date, it is a simple transfer of shares and change of directors in the Sociedad Anónima (Corporation) rather than transferring the property and all its paperwork; and lets not forget finding a willing and able buyer.
The climate: Costa Rica Beaches are warm all year round. Temperatures range from 80 to 96 degrees Fahrenheit in the area that this Condotel is located.
It is a Sociedad Anónima (Corporation) in which you buy into, not a lease or a time share. The buyer becomes the definitive owner of the Corporation will be on the board of directors and will be issued stock in the Condotel, therefore they can freely sell it, and transmit it to his heirs.
This offering is limited to only 10 shares of the Sociedad Anónima (Corporation). More than one share can be purchased.
Prices for units in this complex are starting at $68,000 and range up to $118,000
Family members, investor groups, and multiple groups of people can combine to purchase a unit.
Ownership in a unit is expected to return a minimum of 10% per year.
What are some of the benefits of buying property in Coast Rica
Ownership of Land and buildings through the Sociedad Anónima (Corporation)
Establishing Residency
Medical Insurance
Estate Planning
On going business which will carry itself
Banking (checking, CD's and debit card)
Corporation Formation
Reside outside of the United States without sacrificing your current lifestyles
No spiraling cost of living
No oppressive taxes
No slew of government regulations
A more peaceful and laid back way of life
No taxes on external income
No housing cost vacations
All
owners will have free access to the common parts of the condominium: land, garden,
swimming pool, lobby and car parking area. This is a Pacific Beach Town Condotel
Project which is 2:45 minutes from downtown San Jose and only 2:30 minutes from the International
Airport. Other advantages in the Condotel: full time staff cares for your
property when your not in country, no maintenance duties to be responsible for.
If you would like more information on this great
new investment in the Condotel, please fill out the form
below and email it back to us.
If you gave us your email address we will send you a detailed information packet
by email. Other wise we will mail you information as soon as it is
available from the printer.
If you would like to be added to our mailing list of new properties, please check off the box at the end of the request form.