Parque eólico Santa Barbara, Santa Cruz

Costa Rica made an international commitment since 2009, acquired during the United Nations Summit on Climate Change, of becoming a carbon neutral nation by 2021. Time flies and the deadline is around the corner. It is uncertain if the goal will be attained but government´s and individual efforts aiming to that goal are evident.

Every time there are more Costa Rican companies that have achieved carbon neutrality individually. Renewable energy sources are used more and more, reducing the already minimal use of fossil fuels to generate electricity. As an example, local electric company Coopeguanacaste opened a windmill field here in Santa Cruz this year providing 60.11 Gigawatts per year of clean energy to the grid.

Specific legislation has also been created around this goal. By decree, government entities are obliged to replace existent vehicle fleets with new electric cars. Electric cars have also been exempted of certain taxes and special credit lines to purchase them have been placed so that the population starts to find it attractive to replace fossil fueled cars by this zero-emission alternative. Other projects include public transportation in urban areas like the urban train system that has been modernized and identified as a basic item in the reorganization of the crowed central valley.

Global recognition over these efforts was given this year as the United Nations granted Costa Rica the 2019 ¨Champions of the Earth Award¨. This award was a highlight for our country in the Climate Action Summit, held in New York last September. The UN commended Costa Rica for generating 98% of its energy from renewable sources and for its ongoing reforestation efforts.

Environmental matters always generate controversy. There are dozens of vantage points on whether enough is done to offset the damages made by humanity. What is real is that the Costa Rican idiosyncrasy includes respect and protection to the environment along other desirable values like appreciation to peace, and political and social stability in contrast with many Latin American nations that are currently sadly struggling with all sorts of problems related to the lack of these. This is part of what makes this glorious nation a great place to live in.

What about schools?

September 14, 2019

school newsletter

Escuelas, Schulen, Ecoles, Scuole, Escolas

This is one of the most frequently asked questions made by our clients interested in purchasing real estate in the Tamarindo / Gold Coast area who want to move the family. We get it, as a parent making the decision to move to another country, schools are a top priority. Luckily nowadays the Tamarindo area has the best selection outside of the capital city.Whether you are looking for a smaller school that can accommodate to your schedule or a more rigorous lesson plan, there are many options to choose from, each of which provide a different yet rewarding education.

Not only will your children receive a quality education, they will also be able to learn another language, experience new cultures and make friends with other students from all over the world. An amazing gift a parent can give to their child in this growing multicultural world. We are proud to have such great options available.

Click on the links below for more information on each of the respective schools.

CRIA

A U.S. accredited college preparatory school serving a diverse international community.

LA PAZ COMMUNITY SCHOOL

International bilingual private school with a curriculum based on International Baccalaureate

EDUCARTE

Spanish and English bilingual school accredited by MEP (Ministerio de Educacion Publica – Ministry of Public Education)

TIDE ACADEMY

Offering long and short-term programs for students or online curriculum as an alternative for students with non-traditional lifestyles. Accreditation through partnership schools Global Village School or Northern Atlantic Regional High School

GUANACASTE WALDORF SCHOOL

Bilingual school based on the Waldorf curriculum in a natural setting

JOURNEY SCHOOL TAMARINDO

Bilingual school based on project based learning

Mandatory Shareholders Registry with the Central Bank of Costa Rica

BCCR

As you know, with the approval of law #9416 and its regulations, you must proceed with the mandatory disclosure for corporations and legal entities, submitting the requested records to the Central Bank of Costa Rica (BCCR). Scheduled of submission deadlines for the corporations for this first submission:

2019-08-30 16_44_05-Reminder_ Mandatory Shareholders Registry with the Central Bank of Costa Rica -

To obtain a digital signature card, “firma digital”, interested parties must make an appointment at any of the offices that issue these certificates, authorized by the Central Bank of Costa Rica. Information on the cost, opening hours, geographical location and telephone numbers are available in the Services section, Digital Signature, of the Central Bank’s website, see following link:

https://www.bccr.fi.cr/seccion-firma-digital/firma-digital/oficinas-de-registro
However, the “Firma Digital”is only available for Costa Rican citizens or legal residents with a valid DIMEX, residency ID.If you are the legal representative and you cannot obtain the “Firma Digital”,you must opt for: Granting a Power of Attorney (POA) to a third party that you trust that has or can obtain the “Firma Digital”to do the registration on behalf your corporation. The POA needs to be executed as “public deed” (poder otorgado en escritura publica) before a CR Notary Public, with all the formalities.
Once the issue of the “Firma Digital” is resolved, then it will follow to register the legal representative or POA holder into the database:

https://www.centraldirecto.fi.cr.

As soon as the legal representative or POA holder is duly registered, following the instructions provided in the indicated website, they can fill out the registration form disclosing the information about the corporation and its shareholders.

If the CR corporation(s) ownership is under or held by a foreign Corporation or a Trust, according with the law, it will be required to provide the following documentation to comply with the disclosure:

Articles of incorporation or
Trust agreement
The documents must be a certificated copy and must be duly apostilled.
(Attached you could find brief about the apostille and how to obtain it).

See enclosed link about “What is an apostille”.
Please consider that the certified and apostille documents/certifications cannot have more than 60 days of being issued.

The non-compliance with the law, will carry hefty fines.

On 2020 and on, the mandatory disclosure submission will be within the month of April, as well as, when it is any corporate ownership transfer that represents 15% or more of the capital stock.

Therefore, seeking proper legal advice is highly advisable to avoid the big fines and penalties

Credit to: GM Attorneys. A premium boutique Law Firm with offices in Flamingo Beach, Tamarindo, Nosara and San Jose. http://www.gmattorneyscr.com

Iglesia-colonial-de-Nicoya

By Federico Fernández

Last July 25th the 195th anniversary of what is called ¨Anexión del Partido de Nicoya¨ took place. This basically celebrates the decision of the inhabitants of what is now the province of Guanacaste of being part of Costa Rica instead of Nicaragua, being independent. Such event took place less than three years after Costa Rica, along with the rest of Central America, became independent from its colonizer: Spain.

Costa Rica has been ever since a privileged country, not only due to its geography, natural resources, climate, but also in terms of politics. Costa Ricans have decided along the decades to live in peace and deal with social, economical and any other national situation in a civilized way. Did you know that, along with Puerto Rico, Costa Rica is one out of two Latin American Republics that have an uninterrupted democracy since 1948? And what happened in 1948 was a revolution that ended up abolishing the army, assigning that cost into investment in education and returning immediately to democracy. This speaks very good about the stability of this beautiful nation.

The province of Guanacaste itself is a particular region within Costa Rica that holds a lot of its treasures. It has most of the plains and traditionally held the extensive agricultural activities with products like sugar cane, rice and later melons and watermelons. This provides the Hacienda lifestyle with a lot of folklore that is even a touristic feature of certain areas in the province nowadays. Other natural tourist attractions the province offers include volcanoes and of course a lot of beach sites and its related water activities.

But today, Guanacaste not only represents opportunities and development related to its natural resources and tourism. The central government has invested in valuable infrastructure along the last decade. Economical actors have identified the opportunities and incentives to start bringing in even industrial activities formerly nonexistent to the region. That is why the Liberia International Airport, the second of importance in the country increases its traffic year after year not only with passenger flights but now with a freight terminal. National Route #1, the Interamerican Highway that crosses from north to south in the province, is currently being expanded with more lanes in a concrete construction with all the relevant safety features. The positive business environment convinced Coca Cola, one of the biggest worldwide corporations to establish the most modern plant they have in the city of Liberia. It will start production in 2020.

Evidence of all sorts of social and economical improvement can be recognized by permanent residents like us. Without a doubt, we can recommend that Guanacaste is perhaps the best area to invest in our God blessed nation.

May 2018 Article PICTURE

Finalmente!!! The road work to Playa Langosta has started in mid-April and the part from Mono Loco hotel to the Y intersection was paved. Plus, the part from Ex-Villa Alegre to the Occidental Hotel. Now the rest has to follow after the missing drainage’s and an additional compacted base was installed. Jose Carlos from ADI Tamarindo kindly provided this information and mentioned that all the work has been done as planned so far and within the assigned budget. We expect that the work will continue the latest in November 2018 to have the Langosta road completed by the beginning of 2019.

Credits to: Jogi

Picture for April 2018 FINAL

We live in a beautiful coastal area with a low density of population compared to living in a city. Even though there are no huge residential developments around, there is always someone willing to sell his/her property for different reasons. In the real estate business, there are good opportunities to perform as Tamarindo and its surrounding areas are a popular destination.

Some sellers have a well-thought sales price pretension. It might be arbitrary, based on what the property cost them, on neighboring properties they´ve seen sold or on their motivation to sell. Every case is particular and I have run into all sorts of sellers. Some are very stiff on the price they consider their property is worth, others are very motivated to sell soon hence are very flexible. I have even had clients wanting to jack up their prices when there are several buyer prospects and potential offers to come with the argument that ¨they don´t really want to sell¨ unless someone pays their capricious asking price. Others have no idea what their properties are worth and seek advice about it.

Because our line of business consists in putting together buyer and seller and generating these transactions is our main and perhaps the only goal, we want to make sure the properties we list have a right price and our seller´s expectations are satisfied along the process.

As said before, without a high density of urban development and with the heterogeneous offer of properties available in our area, such task of assigning a fair market value to properties is not that easy. Our real estate market is not as structured as the one in your area. Identifying comps and getting reference prices requires expertise that not all actors in our market have.

Luckily, ABC Real Estate´s team has years and years of combined experience and local knowledge. We have a vast database that includes information of properties up and down the coast around Tamarindo. Frequently we surprise people with what we know or can pull out from our files. There are pieces of information we have that are over two decades old. We also run an ongoing data collection that we fed with our listings and those of Real Estate companies all throughout the region. This is a fantastic tool we use both to assess our seller clients and to provide buyers with complete and thorough information of options.

In our daily activities, we frequently interact with colleagues and other professionals and actors in the Real Estate industry. We get from builders and contractors reference on what current building costs are. We know about the status of different condominiums, buildings, developments by our contacts with local property managers. We are up to date with relevant legal situations when we deal with reputable local legal advisors. All these keeps us up to date with the behavior of the market.

All of us here at ABC Real Estate are well-trained professionals. Considering that, our high business ethics and great reputation frequently results in sellers choosing us and trusting our judgment in the management of their listed properties. Colleagues in the area know that as well and reach us when they have buyers because they know we have the good listings and can trust us in the event of a co-brokerage deal.  Hence, we are completely capable of giving you as a seller an assessment of the strategies and decisions while listing.

If you are considering in selling your property, please come by. Our doors are open and you will be thrilled with our performance as hundreds of sellers have been over the years.

Credits to: Federico Fernandez

Memo Paris, luxury Parisian perfume house, celebrated the launch of its latest fragrance, Tamarindo. Inspired by the sunshine, crashing waves and tropical fruits and flowers of Tamarindo on Costa Rica’s Pacific coast, this exquisite scent is centred around the fresh sweetness of pineapple, lifted with bergamot oil and leant depth by jasmine, cardamom and vanilla absolute. Few fragrances are able to transport the wearer to another place quite like this one. Read full storyc84b6c89df92e63cd8cccfbdc50b226d679961c1