This new project that consists of 10 turn-key luxurious villas featuring 3-5 bedrooms is located in the gated community of El Tesoro, Tamarindo. Each individual villa has views looking over Playa Grande, the estuary in Las Baulas National Park, and the Cabo Velas mountain range.

The developer’s goal has not been entirely about creating spectacular luxury homes, but also about designing and constructing homes with investment value. With this in mind, they designed these homes to maximize rental income with zero headaches, focusing on durability, low maintenance and features that today’s vacationers are looking for in a vacation rental: private pools, luxurious and spacious interiors, premium finishes, dedicated parking, and beach access.

Pre-Construction prices starting at $795,000…more info.

golf pic event

Today we are starting off by sponsoring the Robert August Surf & Turf charity event, which is one of the major fundraiser’s of the year in Tamarindo. It provides most of the needs for CEPIA’s after-school program. It provides sports, English, tutoring, technology, arts, and fun to more than 1000 kids. The children also participate in surf and swim competitions, day trips, tree planting, beach clean-ups, recycling, and much more!

Thank you again CEPIA for letting us be a part of the program this weekend!

If you’d like more information, please visit www.cepiacostarica.org for more details on future events and sponsorships.


La Buena Vida 9 is a penthouse that comprises the complete upper floor in the safe Buena Vida Condo complex. With its construction size of 246 m2, it is as spacious as a home. The open living and dining area, connected with the fully equipped kitchen, offer enough space for large groups of friends and family. The three bedrooms each come with a walk in closet and a large private bathroom and sleep comfortably 10 people. A multi-functional space between the living area and the two guestrooms offers room for an office, a play-room or even a fourth bedroom. A laundry room, guest bathroom and owners’ lock-up storage add to the comfort of this condo. Many windows throughout the condo and three large balconies…read more.


Wonderful ocean view Condo at a quick walk to the beach and center of town. Tucked up against the Tamarindo hillside this unit provides a beautiful unobstructed ocean view, a shared pool, secured parking, and shared laundry, all inside a 12 unit gated complex with a relaxing and tranquil tropical setting. This charming 2 bedroom, 2 bathroom unit comes fully furnished making it perfect to be your vacation retreat and/or a rental. After a fun day on the beach, or after an invigorating tennis match…read more.

Blossom Time

April 15, 2017


More than half of the Costa Rican territory is covered by forests. This is something to be proud of as it is a result of the country´s ecological conscience. Recovery of forest areas has been going on since the late 1980´s, reverting the deforestation that went on from the 1940´s up to the early 1980´s due to the cattle raising and agricultural boom. As you travel along the country, you get used to seeing all that green. Even in urban areas, along rivers, parks, and even right in the cities between sidewalks and streets, at the houses´ and buildings’ backyards, you can find big trees. They provide shade in hot days, host all sorts of wildlife, like squirrels, howler monkeys, orchids attached to their trunks and the hundreds of varieties of birds that inhabit or visit our country in their migratory cycles. To the untrained eye, the diversity of those trees can go unnoticed. But when it is time for them to bloom, they provide amazing colors and scenes worth of photographing and painting that everybody admires.


This wonder Mother Nature shares with us happens along this time of the year, at the peak of the dry season, within the months of March and April. In Guanacaste, the feeling of dryness, with fields turning brown and yellow and most of the trees losing almost all their leaves that has been going on since late December, is suddenly revitalized by the blossoms. Several photographers, book authors, and social media pages have dedicated their efforts into the immortalization of the fairy tale scenes that occur at this time of the year.


A couple of trees offer the most dramatic tones. One of them is the Corteza Amarilla that loses almost all of its leaves turning into a single super bright yellow bouquet. Another star of the moment is the Tabebuia Ochracea tree, locally known Roble Sabana. This one gets covered by big pink flowers that might resemble the typical Cherry blossoms found on other latitudes. In Guanacaste, the Malinche tree is very popular its flowers are bright orange.

The great thing is that each tree may blossom more than once, so this colorful spectacle lasts for two months usually. Another detail that brightens up our pleasant existence in this paradise.

Credits to: Federico Fernandez



Tamarindo Diria Matapalo #403 is a luxurious two bedroom, two and a half bathroom unit right at the heart of Tamarindo. Along with a very pleasant condominium, you will have access to the 10,000 square foot lagoon pool with swim-up bar and Jacuzzi. Around the building lays a tropical garden, with indoor parking area, a gated perimeter, and 24-hour security. Unit #403 is located in a fourth level with over 1,500 sq. ft. of living area. It has a terrace overseeing the resorts gardens and pool and a peak a boo view of the ocean…more info. 


The new annual Corporation Tax Law (Ley de Impuesto a las Personas Jurídicas) # 9428 has been approved and published in the official Gazette. That means that you will have to pay Corporation Tax 2017.

The regulations to the law have also been posted on the website of the Costa Rica Department of Revenue in the Spanish language.

When is the Tax due?

The corporation tax is due by January 30th of every year. For 2017 the amount will be prorated. It is expected that the Department of the Treasury will start collecting the tax between July and August 2017.

How much is the Corporation Tax 2017?

The way the Corporation tax 2017 is calculated this time, is based upon a percentage of the base salary of a government employee. For 2017 that base salary is 426,200 Colones.

The law distinguishes between “active” from “inactive” companies under the following payment schedule:

• Inactive company will pay 15% of the base salary which at current exchange rates is approximately US$115. [426,200 x .15% = 63,930 (US$115)]

• An active company with Gross income of less than $91,675 will pay 25% of the base salary which is $192.

For active companies, the sliding scale of the Corporation tax 2017 continues to go to 30% of the base salary for companies that have Gross wages between $91,675 and $213,909 and up to 50% if the company has Gross wages in excess of $213,909.

Active or Inactive Corporation

How do I know if my Company is active or not?

You can check on the website – – (copy/paste this link into your browser) of the Ministry of the Treasury known as the Taxpayer Identification System (Sistema de Identificación de Contribuyentes SIC). There, you can enter your corporation identification number (cedula jurídica) to determine if your company appears as active or not in the Treasury database.

What if my company appears as active when it should be inactive?

When a company is active, at some point the company was included in the Treasury database as being obligated to file an Income Tax Return (Impuesto Renta) or a Sales Tax Return (Impuesto Ventas).

You think your company has been erroneously included in the database as active? Then you will need to hire an accountant to assist you in filing the deregistration form (Formulario de desincripción en el registro único tributario) in the Treasury Department.

Previous years due?

What if you owe the corporation tax for previous years?

The previous corporation tax law was in effect for 2012-2015. In 2016 there was no obligation to pay corporation tax. If you did not pay the corporation tax for 2012-2015 and you want to continue to use the corporation you will have to pay the back taxes to do so.


You need to pay attention to the transitory provisions of the Law.

The Corporation tax law is allowing the taxpayer the following grace periods.

1. Waiver of fines and interest on past due corporation taxes. This waiver is effective for 3 months from the date the law comes into effect.

2. If you want to transfer property or vehicles out of a corporation into your personal name or another corporation you can do so and be exempt of the property transfer taxes. This is in effect for 1 year. Does the title need to be clear to do so? Not necessarily unless the mortgage or vehicle lien has some sort of prohibition in the document that would not allow transfer without consent of the creditor. Contact your attorney to find out if you can or not.

3. It is possible to resign if you want to be removed from the board or management of a corporation. Your resignation must be recorded in the National Registry. All officers, directors, manager, auditors have 2 years to file the resignations.

Credits to: AE and Ivo Henfling