Costa Rica is Just a Click Away

Welcome! Our goal is to become your number one source of information when you want to learn about Costa Rica. We will keep you informed with the latest news in different areas like sports, politics, finance and lifestyle in Costa Rica. We will also let you know what the best real estate deals are in Costa Rica Real Estate so you can look forward to touring these properties when you visit Costa Rica!

View Costa Rica Properties
  • Fractional Ownership - Four Seasons Residence Club Costa Rica

    Fractional Ownership - Four Seasons Residence Club Costa Rica

  • Costa Rica´s Beautiful Scenery - An Earth Day Tribute!

    Costa Rica´s Beautiful Scenery - An Earth Day Tribute!

Entertainment

Entertainment

Find the most recent and relevant Costa Rican news about sports, activities, fun and interesting stuff to do when in Costa Rica. Learn to live the lifestyle
Read More
Financial News

Financial News

What is new in Costa Rica´s economy? Find the latest news here.
Read More
Relocation

Relocation

What is it like to live in Costa Rica? Find out all about the Costa Rican lifestyle.
Read More
Government & Regulations

Government & Regulations

Knowing what goes on in Costa Rica is very important for those interested in investing in the country. Costa Rican politics tend to be pretty stable and safe for locals and foreigners.
Read More

Hotels in Costa Rica Expect to Close The Year With 95% Occupancy..

As it is usually the case this time a year, hotels and lodges in different parts of Costa Rica have already began to see an upturn in their occupancy.

According to the Costa Rican Hotel Chamber (CCH) data gathered through December 14 shows that beach resorts are averaging 85% occupancy, while mountain hotels and lodges are averaging 80%.
For 2016 the occupancy reached 95% as the end of the year approached, and the CCH expects that number to be reached again.

Clearly not all hotels are benefited by this, since the hotels in San Jose actually see their numbers decline as people take advantage of the holidays, school break and summer to visit the different beaches or find peace in a mountain lodge. Hotels located in the city bet on other services to attract clients, from restaurants and bars, to rental of space for different corporate or entertainment events, end of the year parties, spa promotions, among others.The CCH stated that the average price per night at beach and mountain hotels this time a year is of US$250.00.

The Guanacaste Gold Coast, Manuel Antonio, Central and South Pacific remain the preferred destinations for national and foreign tourists during the months of December and January. Other popular tourism destinations include La Fortuna de San Carlos and Monteverde, however, during 2017 these areas did experience a lower percentage of occupancy during January and hope to see better numbers in 2018.

This year, hotels in the Caribbean and the South Pacific, reported very low occupancy specially during the month of June were they barely reached 42% and 51% occupancy respectively; the industry considered that the new low could obey to the fact that there was a 2% decrease in the number of tourists coming from the United States . Ending the year with positive numbers now becomes key to hoteliers in the country.

By Laura Alvarado, The Costa Rica Star

Merry Christmas and Happy New Year !!

Costa Rica is the Best Country to Make Friends According to “Ease of Settling In” Index…

Expat Insider in its Ease of Settling in Index 2017 “covers various ‘soft’ factors that can be vital to making a staying abroad a success”. The survey took into consideration 65 countries.

Although Costa Rica dropped one spot in the general index from 2nd out of 67 in 2016 and 3rd out of 65 in 2017, Costa Rica was ranked best in the subcategory of Finding Friends.

“When it comes to friendships forged abroad, Costa Rica has the best results for both finding new friends I general and making local friends: 34% and 26% respectively are completely satisfied with these factors (globally 18% and 12%)”… “Moreover, 87% of respondents in Costa Rica are generally satisfied with friendliness of the population as well as their attitude towards expats. About four out of five (81%) generally feel at home in the Costa Rican culture; another 75% agree that it’s easy to get used to the local culture. It took more than half the respondents 52%, up to just six months to start feeling at home there”, details the report.

The country took place number 5 in the Feeling Welcome subcategory, the same position for Friendliness. Bahrain took the first spot in the general index followed by Mexico and Costa Rica.
The United States took position 28 in the general index and Canada is listed in 23.

Costa Rica Has One of the Best Free Trade Zones in Latin America…

The Free Trade Zone of El Coyol, Alajuela Costa Rica is one of two free trade zones included in the Site Selection Top Free Zones ranking which was carried out in November this year and which picked the two best free trade zones per region, in the Latin American and Caribbean region the only two to make the list were El Coyol and the Bogota Free Trade Zone in Colombia.

“Zona Franca El Coyol” has been operating for ten years and is houses multinational companies such as Abbot, Apollo Endosurgery, Establishment Labs, Smith & Nephew, Phillips, Confluent, Cardinal Health, Freudenberg, to mention just a few.

This Free Trade Zone has a total of 107 hectares and only a portion of the land is in use, they now plan to build another five buildings starting as of 2018 and with an estimated investment of US$20 million, confirmed Carlos Wong director of Zona Franca El Coyol.

“ZFC generates a 0.78% of the Gross National Product (GNP), and it promotes the flow of sustainable exports from Cota Rica, which generates an important value chain and specialized knowledge”, explained Wong.

The El Coyol Free Trade Zone is home to 8 of the 30 main medical devices companies in the world and it provides more than 10,500 jobs.

By: Laura Alvarado, The Costa Rica Star

ANOTHER UPDATE FOR CORPORATION OWNERS …

UPDATE – November 2017 Corporation tax and form D140

NEWS FLASH………  The Costa Rica Tax Regulation authorities came to the realization that their recent (September 2017) tax act was creating chaos not just for those owning corporations but as well as their staff.  Considering the number of foreigners NOT living in Costa Rica having to complete the D-140 form AND the fact that the government doesn’t have sufficient personnel to handle and/or enforce the regulation, there is a delay for the D-140 filing.  The filing dates start February 2018. Refer to the schedule below.

Temporary suspension

On November 6, 2017, the Costa Rican tax office made the declaration Nº DGT-R-51-2017. The declaration states that the requirement to fill out the declaration and modification of data form D140 for an inactive corporation is suspended as of November 06, 2017.

Dissolved corporations

Corporations that have been dissolved by the government and have canceled pending corporation taxes 2012 – 2015 before December 15, 2017, can present a request to cease its dissolution to the National Registry.

The request will leave the dissolved corporations in the same condition as they were before the dissolution with retroactive effect.

Corporation owners have until January 15th, 2018 to submit their request before the National Registry, after having paid the pending taxes.

Non Payment

Understand clearly that this November 2017  Corporation tax Update does not mean you can now stop paying the corporation tax. You are still required to pay your corporation tax  on the dates identified in the other articles.

When to file the D140 Document-New filing dates:

A) Corporate ID ending in 1 and 2: During the month of February 2018. (this is only for those corporations that were registered in the National registry before October 31st, 2017 or those that were dissolved.

B) Corporate ID ending in 3: During the month of March 2018.

C) Corporate ID ending in 4: During the month of April 2018.

D) Corporate ID ending in 5: During the month of May 2018.

E) Corporate ID ending in 6: During the month of June 2018.

F) Corporate ID ending in 7: During the month of July 2018.

G) Corporate ID ending in 8: During the month of August 2018.

H) Corporate ID ending in 9: During the month of September 2018.

I) Corporate ID ending in 0: During the month of October 2018.

 

 

Translate »