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https://www.abccostarica.com/listings/homes/241-modern-3-bed-home-ocean-view-walking-distance-langosta-beach

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Taking it as their own personal project, the owners have been involved along all its construction process, fine tuning and providing dedicated maintenance to it, making sure all details are taken care of. This is a completely functional flawless beach home ready to move into. more info

Casa Arrecife (“Reef House”) is located right on the ocean at Playa Langosta, one of Tamarindo’s most desirable and hi-end residential areas. The property sits above sea level with stunning ocean and sunset views ….more info

If you are looking to purchase a turn-key business in Tamarindo, then this is your opportunity. Flip Flops is a shop located in what is the best commercial location of Tamarindo.  There is nothing better than this for a retail store…. more info

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

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SOLD https://www.abccostarica.com/listings/condos-townhomes/255-condo-plaza-langosta-3-fully-furnished-condo-at-150mts-from-playa-langosta

 

 

handshake ABC nov 2017Every continent, every country, every culture has its own sets of habits and different ways of doing things. The same accounts for doing business, such as Real Estate.
As Costa Rica is part of the American Continent, its Real Estate customs show more similarities with those in North America, than in overseas countries.
With the current and ongoing influx of Europeans, seeking for a new place to settle or to enjoy the tropical beach life for mid or long term in Costa Rica, it appears appropriate to give a brief overview of the way the Real Estate world operates in the Tamarindo area and Costa Rica in general. Having some knowledge of local Real Estate habits, will certainly improve any buyer’s experience.
The modus operandi of Real Estate agencies in Costa Rica is easier to understand when one realizes that sellers can either list their property exclusively with one agency, or non exclusively with every agent that is willing to do so. Exclusivity in this case, means that the seller trusts his property to one agent, or agency, who will be the only one representing him in the process. This agent can then put maximum effort into marketing the property, and maximize its exposure by sharing it with other agencies, through methods such as monthly newsletters sent out to all local agents. Any other agent, representing a prospect buyer, can contact the agent representing the property in exclusivity and offer it to his client.
Other sellers, prefer the non-exclusive approach, meaning that not an agent, but the seller himself coordinates the distribution of his property with and the updating of several agents during the process. If the follow up is not ideal, this can lead to discrepancies in listing prices or announced availability on different media.

Thus, one property can be offered and marketed by several agencies, either with or without exclusivity, and an agent representing a prospect buyer, can show all properties on the market, with the difference that for properties listed exclusively he will always have to go through the listing agent, in case of a non-exclusive listing he does not.
This system makes the Real Estate Market in Costa Rica an “open market”: any agent can offer any property to his prospect buying client– in contrast to markets in some European countries where properties are exclusives of a sole agency and are not being shared with other agencies, due to which the prospect buyer needs to contact or “shop” with all agencies of one area, to have access to and an overview of all available properties.

Hence, in this “open market “, when a buyer new to the area contacts several agents, as is usual in his home country, he will most likely end up seeing the same properties several times.
Therefore, it is recommended, to any buyer, once decided on a certain area, to find one reliable real estate agent in that area, to build up a solid communication and continued relationship with him, to share with him his desires and search criteria as detailed as possible, and to let that agent do a profound market search for and with him. The chances of finding that dream property will be optimized and the whole process of searching and purchasing property in Costa Rica will most likely become a more efficient and a pleasant experience! With this understanding of the modus operandi, it might even bring you relationships for life!