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 units are individually owned.
What are the amenities of a CONDOTEL
Deed and Title to your own Unit
When your unit is not used by you, it may 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. Puntarenas is poised for continual growth due to the tourism infrastructure that is continually being developed.
During the past 26 years that we have been here, there has been a steady increase in property values, especially those near the beach or with ocean views. This seems to be the preferred area for foreign investment, thus offering good holding or re-sale opportunity.
All the beaches in Costa Rica are public, and there are some restrictions on ownership and development of beach front property. If you are considering beach front, definitely talk to a realtor.
We advise all our clients to buy with a Corporation. A shelf Corp. can be purchased immediately through a lawyer or a new Corp. can be set up in approximately 3 weeks. The cost varies between $250 to $600 US. Transfer fees are much lower than if you buy in your personal name, and if you wish to sell the property at a later date, it is a simple transfer of shares and change of directors in the company rather than transferring the property.
The climate: Jacó Beach, Costa Rica is warm all year round. Temperatures range from 75 to 95 degrees Fahrenheit.
We do work with the U.S. based Stewart Title Company who will guarantee your property title here in Costa Rica.
It
is a sale, not a lease. The buyer becomes the definitive owner of the
condominium, therefore can freely sell it, and transmit it to his heirs.
What are some of the benefits of buying property in Coast Rica
Ownership of Land
Beachfront Property
Establishing Residency
Medical Insurance
Estate Planning
Banking
Corporation Formation
Title Insurance
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
If you would like more information on this great
new investment on this Jacó Beach 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.