There are so many different investment opportunities out there. But what if we told you, you can invest into bettering your lifestyle whilst still not losing out financially. Costa Rica is an overseas destination that provides potential investors with a wide range of benefits. It’s a unique place to travel, work, and live, and it’s an outstanding place for you to begin earning some extra income. If you’re interested in learning to invest in Costa Rica, this article is for you. Let’s dive into what makes Costa Rica such a great place for you to invest your money.
Costa Rica, the Sport Fishing Mecca
For those of us who love going sport fishing with friends in our free time, Costa Rica is a perfect place for you to live, work, and invest. For one, there are several options available to boat owners who need a place to store their vessels.
The Costa Rica Resort and Marina at The Los Suenos Hotel is where most game boats and game fishing vessels are located. There are lots of opportunities available to people who want to get into the game fishing scene in the area.
What’s more, Costa Rica is a destination that can truly enhance your sport fishing lifestyle. That’s thanks to the many different varieties of fish you can catch in this country:
- Wahoo
- Dorado
- Yellowfin tuna
- Roosterfish
- Snapper
- Grouper
- Tarpon
- Snook
- Rainbow bass
- Machaca
- Mojarra
Because Costa Rica gives anglers access to both the Pacific Ocean and the Caribbean Sea, it’s a great place for you to catch a wide variety of fish. You’ll be able to enjoy different types and styles of fishing that will get you excited about your favourite hobby.
RELATED: Why International Anglers Flock to Fish in Costa Rica?
An Overview of Costa Rica
Let’s take a look at what living and travelling abroad in this area will look like. Here are a few fast facts you should know.
Low Crime Rates
One of the benefits of choosing to live, work, travel, and invest in Costa Rica is that the country has declining crime rates. The area is much safer than many other Central and South American countries, making it a great choice for people who want to invest in tropical regions.
Stable Political Environment
Costa Rica has a multi-party constitutional political scene. It’s a stable political environment that makes it a good choice for someone who is moving to the country from a Western nation.
There are many checks and balances in place in the Costa Rican government. This way, power can’t be given to one particular party or political branch. Instead, the judicial, executive and legislative branches must share power.
Currency and Tax Rates
Costa Rica uses the colón as their national currency. This colourful currency is named after Christopher Columbus, the seafaring admiral who first discovered the nation back in 1502. The currency features tropical animals that are native to the nation. You’ll find sloths, beautiful toucans, and other creatures on these bills.
Tax rates vary based on how much money you make and its source. For investors, the tax rates are as follows:
- There is no tax on earnings of CRC 0 – 2.747
- For CRC 2.747 – 4.102, earnings are taxed at 10%
- Earnings of CRC 4.102 – 6.843 are taxed at 15%
- Earnings of CRC 6.843 – 13.713 are taxed at 20%
- Any earnings greater than CRC 13.713 are taxed at 25%
This handy chart makes it easy for you to calculate how much tax you’ll need to pay on your investments. Remember, your nation may have its own rules about how your income is taxed, too, so be sure to check if you will owe taxes in your home country.
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National Sports
In Costa Rica, the main sport is soccer. Soccer is a widely enjoyed activity and many Costa Ricans follow the national games carefully.
If soccer isn’t your thing, however, don’t worry. You can also participate in or watch bullfighting, surfing, and paddleboarding.
Local Activities
If you enjoy sport fishing, you’ll be thrilled to know that this is a popular tropical fishing destination. The waters are teeming with several species of sport fish that make it a fun and exciting place for you to enjoy a sport fishing passion.
On top of that, adventurous souls will love the many outdoor activities available. You can enjoy zip-lining and canopy tours, hiking opportunities, water sports, and beaches.
Real Estate Options for Those Wanting to Invest in Costa Rica
If you’re planning to invest in Costa Rica, there are several real estate options available to you. You can choose whichever option makes the most sense for you and your lifestyle.
Condos
For people who are planning on a more permanent investment option, condominiums are a great investment opportunity. You can find condos that are located on the beach, in the city, or even in the rainforest.
Investing in a condo in will range from $40,000 to $500,000 USD. This means that depending on the location and size of the condo you’re interested in, you could be scoring an extremely affordable piece of property.
Timeshares
Timeshares are another great option for people who want to invest in Costa Rica. They are great because you can exchange them for other properties around the world if you want to explore somewhere new!
Plus, timeshares come with many additional luxuries. They often include swimming pools, laundry facilities, and access to special resorts and private areas for members.
Vacation Clubs
Vacation clubs are one of the most luxurious ways to invest in real estate in Costa Rica. They give you access to special resorts and activities such as direct access to marinas and game fishing vessels.
Vacation clubs are also a great choice because you can bring the whole family. They’re perfect for investors who have young children or partners who enjoy activities other than fishing.
Opportunities to Invest in Costa Rica
There are many different opportunities available to anyone who’s interested in investing in Costa Rica. It’s important to know what types of investments you can choose and what the benefits are of investing in this country. Let’s take a look.
Types of Investments
One way that you can invest is through the stock market. The stock market is called the Bolsa Nacional de Valores. There are about 60 companies across a wide range of industries for you to invest in.
Alternatively, you can invest in a private property. Thanks to the government’s tax rate of 0.25% of the property value, you’re able to make some serious tax savings by investing here.
If you’d rather invest in a commercial business, there are plenty of rental properties, hotels, restaurants, bars, and farms that are a great investment opportunity. You can also invest in land and develop it to start the business of your choice.
Benefits of Investing in Costa Rica
One of the biggest benefits is that it’s extremely affordable. Not only are there low tax rates, but the country also boasts a low cost of living. That makes it a great choice for people wanting to move to a new country.
The country also has an extremely laid-back lifestyle. This can be great for people who are looking to escape the fast-paced city life in which many of us find ourselves.
What’s more, unlike many other Central and South American countries, Costa Rica is not an area where riots or political unrest are a threat. This means that the value of your investments won’t deteriorate as quickly as it might in other parts of the world.
Make the Decision to Invest in Costa Rica
Choosing to invest in Costa Rica can be a life-changing decision. It’s a great way to take your sport fishing hobby to the next level, to travel to a gorgeous tropical environment, and to enjoy a relaxing lifestyle. It’s also a great way to make some extra money and start your own business outside of your home country.
Check out Maverick Sport Fishing highlights below!
