FAQ Archives

Know your client – What are the KYC requirements in Costa Rica?

Know your client is the documentation process through which the banking, financial, and real estate sectors in Costa Rica reduce uncertainty risk that the person…

Architecture & Construction

3 important questions to ask an architect before hiring for luxury home design

The first question to ask is who is really going to do the job, be involved in the design process and execution of the project.…

Design & Finishes

Considerations for closet and dressing room design

To choose the design of a closet or dressing room, it’s necessary to know the person who will use it every day. Only after meeting…

Design & Finishes

Advice to consider when buying/designing a kitchen

Buying a kitchen can take time and a lot of effort. The first step to take when buying a kitchen is to investigate all available…

Legal & Financial

Real estate transaction costs in Costa Rica

Real estate transaction costs by means of a direct transfer will typically have three costs. A 1.5% fee in transfer tax, 1% in register stamps…

Legal & Financial

Real estate transaction costs, who pays them?

Real estate transaction costs can be paid equally by the two parties; however, like other parts of the transaction, the actual payment (not the amount)…

Topics

What are the standard legal fees in a real estate transaction in Costa Rica?

Typically, the standard legal fees for a real estate transaction in Costa Rica start at the minimum standard as established by the Costa Rican Bar…

Legal & Financial

What is the difference between a lawyer and a notary in Costa Rica?

Lawyer and notary are two different areas in the legal area. A lawyer in Costa Rica will always be in charge of legal advice for…

Legal & Financial

Do I need an attorney for a real estate transaction?

An attorney for a real estate transaction is not required if the transaction is an indirect one, by transferring the stocks, but it is highly…

Legal & Financial

What is the National Registry of Costa Rica?

The National Registry of Costa Rica is a public office in charge of safeguarding a public database holding the owners of movable and immovable assets…