Where on Earth Does the Sun Set?

-By Ron Snell

I just finished showing some clients a few beautiful luxury homes with stellar views of the
Pacific Ocean. Those were Wow! moments, soul filling in the literal sense where you suddenly
realize you haven’t been breathing normally.

Always when looking at that view, the question comes up: “So where does the sun actually
set?” Because the only thing more beautiful than the ocean in all of its moods is a blazing
sunset where you can watch a glowing red ball sizzle right into the water way out there on the
horizon, and you can picture a long, narrow burning path reflected across the water coming
right to your feet, and the clouds flash brilliant colors, and you wear out your Instagram or
Facebook followers with picture after picture of it all.

Back to reality. Astronomical reality. Where, really, on that beautiful horizon, does the sun set?
How much of the year can you actually watch the sun sink into the ocean as it wraps up the
day? Can you believe the property description, your agent, or the homeowner?

Three things complicate the answer:

First, our coastline doesn’t generally run north and south. If you are standing square to the
coastline and looking at the Pacific Ocean, you are tempted to think you are looking west, and
since the sun “sets in the west, well….” Usually, you aren’t. You’re looking southwest, and the
sun will mostly set to your right.

Second, the sunsets travel a lot between December 21, when they are the farthest left (south)
they will go, and June 21, when they are the farthest right (north) they will go. I won’t explain
the astronomy behind this, but you can Google it and spend a fascinating hour refreshing your
memory about things you were supposed to learn in earth science about 50 years ago.

Third, it’s highly unlikely that your agent has ever actually stood on the property both June 21 st
and December 21 st and marked where exactly the sun sets. Instead, it is highly likely that the
agent has heard the owner say, “You can watch the sunsets over the ocean” and has
immediately driven back to the office to include that in the property description.

So what are you to do? How do you know how often you’re going to see sunsets over the ocean
instead of behind the trees or an inconvenient mountain? It’s pretty easy, really.

Point a phone app or a compass due west. Because we are about 9 degrees north of the
equator, on December 21 st the sun will set about 23 degrees to the left (south) of west. On June
21 st it will set about 23 degrees to the right (north) of west.

No amount of fast talking by your agent will change that, so trust the science and set your
expectations. Keep in mind that from September to early December it isn’t going to matter a
whole lot anyway, because it is highly likely that there will be heavy overcast or rain that time
of day. So focus on late December through June. That’s when you are most likely to see the
sunsets.

If you are the sort of person who enjoys this stuff, you would like the app I found for my phone:
Sun Surveyor Lite. It’s free and shows you where the sun will set on any day of the year, among
many other things like times for sunrise and sunset.

By the way, if you’re a photographer, whether amateur or less amateur, this little app has some
very practical value because you can set up shots based on where the sun will actually be,
instead of where you wish it were going to be, any time of day.
Check it out.

Owner Financing In Costa Rica

Owner Financing In Costa Rica:

Owner financing is when the seller of the property finances the property with the
buyer, or entity acquiring it. When going the route of owner financing, you eliminate
bank fees and associated fees that come with buying a property in Costa Rica,
especially if you are a foreigner. If you have a good handle on real estate in Costa
Rica (like we do here at Dominical Real Estate) you will know the ins and outs and
the advantages of owner financing. During slow economic periods, owner financing
is strongly encouraged. Before experiencing the market slump, many Americans
paid cash for their properties. Since the bank charges much higher fees when
financing, many buyers opt for owner financing in Costa Rica because the fees are
substantially less.

Owner financing is a great option for buyers because they have the utmost
advantage in regards to the transaction. When looking at the terms and conditions
of the contract and finance agreement, the terms are more flexible. As the buyer, you
will pay the seller directly. This is a great option for buyers who have more liquidity.
Most owner financing deals are assisted by a promissory note that includes the
terms and interest rates, as well as the penalties of nonpayment.

Owner Financing in Costa Rica enables investors to buy, which might be the only
hope for some people to own real estate in Costa Rica. You are recommended to pay
off your seller within a 5-year timeframe to be fair. Many financers offer a longer
pay period in order to meet the needs of the buyer and he or she may be willing to
extend the period if the buyer has been consistent with their payments

Here at Dominical Real Estate, we offer owner financing on some of our properties
because we want to make your experience as easy and effortless as possible. We
believe in trust and our goal is to help people make the best investment and find the
best possible property here in Costa Rica for you to enjoy! Whether you choose
owner financing or you want to do everything through the bank that is up to you.
The option is out there and the advantages are in your favor.

One thing to note about owner financing is that the room for negotiating on the
property price is very small to obsolete. This is because the seller is agreeing to hold
your mortgage. The down payment all depends on the owner who is providing the
finances to you. Most owners will require a down payment of 50% of the property’s
value. Then the seller is agreeing to finance the remaining 50%. The average interest
rate is around 7% give or take.

If owner financing is not something you would consider, there are a few other
options we can speak with you about. We are here to find you a property in Costa
Rica that meets all your wants and needs. Don’t hesitate to contact us, as we are
always willing to share our knowledge about real estate in Costa Rica!

The Process Of Purchasing Real Estate In Costa Rica

The Process Of Purchasing Real Estate In Costa Rica

Can a foreigner obtain real estate in Costa Rica? Of course they can, and every foreigner has the same rights as a citizen in Costa Rica, excluding voting rights.

Since foreigners have the same rights as citizens when it comes to buying property; the government has made the process very simple. There are a few key factors you need to know in terms of where a foreigner can purchase real estate, and you will learn all about that in this article.

It is important to know that a foreigner cannot own 100% of the property if it is located in a Maritime Zone. Titled property is any piece of land that is beyond 200 meters from high tide. The first 50 meters from the high tide line, is public property that is protected. Within 150 meters adjacent to the high tide line- this is known as the Maritime Zone and the property can be leased from the government.  

Real Estate Attorney:

It’s essential to hire a real estate attorney and someone who is bilingual if you don’t speak Spanish. Hiring an attorney with experience will ensure no problems will arise with the property you want to purchase. They will look over everything and make sure the property is in good standing.   

A Good Real Estate Agent:

It doesn’t matter if you are buying property in Costa Rica or anywhere in the world; it’s always essential to use a good/reliable real estate agent. Choose a real estate agent who has been in the business for a few years and who is familiar with the area you want to invest in. Make sure they match all your requirements and they postulate outstanding service. It’s always good to stick with one agent and get to know them on a personal level. This will make the buying process that much easier.  If you are speaking to several different agents, you will get confused and you won’t have that hands-on experience that one agent is willing to provide you. With Dominical Real Estate, we ensure you have a positive experience from the first time we speak to you- to after you are settled into your property. Our agents go above and beyond to assist you with every possible need. We are only a call, text, or email away from finding you the property of your dreams.

Making An Offer:

You will want your real estate agent to write up an offer and deliver it to the seller instead of making a verbal offer. It is always better to have this information written down on paper. After the offer is accepted, your agent will have your real estate lawyer draft up a formal purchase of sale agreement. When both parties sign the agreement, you will be required to send 10% of the property price into an escrow account that you will need to set up. Once the 10% deposit is deposited into the escrow account- the agreement becomes lawful.

Closing:

Depending on whether you will be in Costa Rica during this process if for some reason you will not be- you should leave the power with your attorney, or real estate agent. They will be able to obtain the real estate property in the name that you approve of. You will need to have your property registered in your name or a corporation. Remember to always look at all the fees associated with your property. From utilities to condo fees, corporation tax, property tax, etc.

If you have any other questions regarding the process of purchasing real estate in Costa Rica, please don’t hesitate to reach out to me and I would be happy to answer any questions. I want to make this process as easy as possible for you and ensure you have a positive buying or selling experience with Dominical Real Estate! ☺

Craft Beer in Costa Rica

Resultado de imagen para fuego dominical costa ricaA new restaurant and brewery has opened in Dominical, Costa Rica, providing the southern Pacific coast with the finest craft beers in the country! Fuego Brew Co. serves delicious food and locally-brewed, artisanal beers in the most stunning restaurant and bar setting in Dominical. Come enjoy happy hour and sunset views over the river and ocean; stay for a delicious meal and an opportunity to make new friends at one of the most happening spots in the zone!

Image may contain: sky, tree, house, outdoor and natureFuego Brew Co. has only been open for a few months, but it is already one of the most popular restaurants and bars in Dominical. With good reason – the beers and the food are excellent. Fuego usually has three or four of its own brews on tap, depending on what is ready to serve at any particular time. Some of our favorites are the delicious Guanabana Hefeweizen and the IPA. Fuego also has other locally-brewed beers on tap, including beers from Treinta y Cinco and Costa Rica’s Craft Brewing Co. If you’ve ever been to Costa Rica, you know how rare it is to find a bar serving microbrews, let alone one that has numerous options on tap! Fuego is trulya beer-lover’s dream. And if beer isn’t your thing, don’t worry, they have wine, locally-brewed kombucha on tap, and they also mix excellent cocktails! Try the Moscow Mule or the spicy margarita.

Fuego’s menu focuses on fresh, healthy food with a local twist. There’s lots of variety on the menu and plenty of vegetarian options to keep the whole family happy. You won’t find a better tuna steak anywhere on the southern Pacific coast – it’s fresh and seared to perfection! The sliders or the pintxos (skewers) are both great choices, and the option to mix and match between chicken, veggie or fish makes for a more interesting meal. The organic curry is also popular, and the onion rings are irresistible!

One of the best things about Fuego is the incredible setting. The team behind Fuego has created a stunning building Image may contain: table and indoorin the heart of Dominical. Enter through the gorgeous bamboo gate just south of Danyasa Yoga on the main road through Dominical. Follow the long, winding pedestrian ramp leading slowly through the trees to Fuego’s second floor, where therestaurant is located. Upon entering the building, a glass panel in the floor will allow you to view the brew tanks below. The restaurant is open air, with a beautiful wooden and stone bar, as well as many other artisan touches that make the place truly unique. The third floor loft is an excellent place to watch the sunset over the Baru River and the ocean, or to gather with friends in a more intimate setting. Kids also love the swing chairs in the loft! Downstairs, you will find a tasting room, where you can enjoy Fuego’s excellent beer selection in a more quiet and relaxed setting.

Image may contain: 1 person, indoorRecently Fuego added a stage next to the river, another work of art with a giant dreamcatcher backdrop. There’s been
one concert at Fuego so far, the Envision Official Afterparty, with lots of great music and great beer! Fuego’s next event will be the Costa Rica Craft Beer Festival on April 1-2. This is an event not to be missed, with 40 local breweries serving hundreds of different craft beers, as well as live music and delicious food! We can’t wait for this event and more at Fuego.

For more information on Fuego Brew Co., please check them out on FaceBook or visit their webpage at http://www.fuegobrew.com. Or better yet, go to the brewery, enjoy the sunset and try the excellent beer and food! For more information about the Costa Rica Craft Beer Festival on April 1-2 at Fuego, check out their website at http://www.costaricabeerfest.com. For more information on living in the Dominical area, where you will be able to enjoy Fuego Brew Co. all the time, please contact Dominical Real Estate at http://www.costaricarealestate.net. Cheers!

 

 

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Costa Rica Ocean View Condo for Sale

..mA stunning ocean view condo walking distance to the beach in the desirable Canto Del Mar development is now available! This incredible stand-alone villa is one of the best, with front-row ocean views, a private location at the end of the road, and easy access from the coastal highway. Known as Villa HighPalms, this spacious 3-bedroom unit is the largest one currently for sale in the entire complex, and best of all, there’s plenty of room to add a pool. If you’re looking for a vacation rental, a retirement investment, or a place to call home, this Costa Rica ocean view condo is perfect for you.

Canto Del Mar is a gated community of 35 condos just south of Dominical on the southern Pacific coast of Costa Rica. The condos in Canto Del Mar are all stand-alone villas spread over a hillside with views of Dominicalito beach below. Villa HighPalms is located in the first row of condos in Canto Del Mar, so it enjoys unobstructed whitewater views without looking over the rooftops of other condos. This is one of the best views in the development. Additionally, Villa HighPalms is at the end of the road, so it is very private. It is nestled in the jungle canopy, providing lovely shade and opportunities for viewing wildlife without obstructing the incredible view.11

Villa HighPalms is a two-story villa with three bedrooms and three bathrooms. The entrance to the villa is on the upper floor, where you will find an open kitchen, dining room and living room, all with gorgeous ocean views. There’s a combined terrace and patio to the side, providing more stunning beach views and lots of comfortable outdoor living area. The three bedrooms are located downstairs and all enjoy excellent ocean views as well. The master bedroom has floor-to- ceiling windows on two sides and looks over the tops of the palms to the ocean below; it has a lovely feel. There is a master bathroom and an additional bathroom downstairs; the third bathroom is located upstairs where it is accessible to guests.

21There are multiple options for adding a pool to Villa HighPalms. A pool could be tied into the existing patio, for example, for a seamless addition. Villa HighPalms is currently a successful vacation rental, but with the addition of a pool, it would be one of the most desirable vacation rentals in the area. Stunning views, ability to walk to the beach, an incredibly private location, regular wildlife viewings, and 24-hour community security all make this condo a perfect short-term vacation rental with plenty of potential to produce income. These characteristics would also make it a great place to call home!

Villa HighPalms is one of the best condos in Canto Del Mar, and for only $375,000, it could be yours! If you’ve dreamed of relocating to Costa Rica, retiring here, or simply making an investment in an incredible place, this is the condo for you. Watch the waves crash on Dominicalito beach and enjoy visits from monkeys, toucans and sloths from the comfort of your jungle terrace. Walk to the beach to surf, SUP, or relax and read a book. Or just sit back and watch the income roll in from vacation rentals. Whatever you do, don’t miss this opportunity to own Villa HighPalms, an incredible ocean view condo in Costa Rica.

 

logo sales

Costa Rica Ocean View Condo for Sale

 

..mA stunning ocean view condo walking distance to the beach in the desirable Canto Del Mar development is now available! This incredible stand-alone villa is one of the best, with front-row ocean views, a private location at the end of the road, and easy access from the coastal highway. Known as Villa HighPalms, this spacious 3-bedroom unit is the largest one currently for sale in the entire complex, and best of all, there’s plenty of room to add a pool. If you’re looking for a vacation rental, a retirement investment, or a place to call home, this Costa Rica ocean view condo is perfect for you.

Canto Del Mar is a gated community of 35 condos just south of Dominical on the southern Pacific coast of Costa Rica. The condos in Canto Del Mar are all stand-alone villas spread over a hillside with views of Dominicalito beach below. Villa HighPalms is located in the first row of condos in Canto Del Mar, so it enjoys unobstructed whitewater views without looking over the rooftops of other condos. This is one of the best views in the development. Additionally, Villa HighPalms is at the end of the road, so it is very private. It is nestled in the jungle canopy, providing lovely shade and opportunities for viewing wildlife without obstructing the incredible view.

Canto Del Mar is a gated community of 35 condos just south of Dominical on the southern Pacific coast of Costa Rica. The condos in Canto Del Mar are all stand-alone villas spread over a hillside with views of Dominicalito beach below. Villa HighPalms is located in the first row of condos in Canto Del Mar, so it enjoys unobstructed whitewater views without looking over the rooftops of other condos. This is one of the best views in the development. Additionally, Villa HighPalms is at the end of the road, so it is very private. It is nestled in the jungle canopy, providing lovely shade and opportunities for viewing wildlife without obstructing the incredible view.

Canto Del Mar is a gated community of 35 condos just south of Dominical on the southern Pacific coast of Costa Rica. The condos in Canto Del Mar are all stand-alone villas spread over a hillside with views of Dominicalito beach below. Villa HighPalms is located in the first row of condos in Canto Del Mar, so it enjoys unobstructed whitewater views without looking over the rooftops of other condos. This is one of the best views in the development. Additionally, Villa HighPalms is at the end of the road, so it is very private. It is nestled in the jungle canopy, providing lovely shade and opportunities for viewing wildlife without obstructing the incredible view.

Villa HighPalms is one of the best condos in Canto Del Mar, and for only $375,000, it could be yours! If you’ve dreamed of relocating to Costa Rica, retiring here, or simply making an investment in an incredible place, this is the condo for you. Watch the waves crash on Dominicalito beach and enjoy visits from monkeys, toucans and sloths from the comfort of your jungle terrace. Walk to the beach to surf, SUP, or relax and read a book. Or just sit back and watch the income roll in from vacation rentals. Whatever you do, don’t miss this opportunity to own Villa HighPalms, an incredible ocean view condo in Costa Rica.

Ocean View Home for Sale

Ocean View Home for Sale

http://www.costaricarealestate.net/listings/show/394/2-5-acres-2-bedroom-home-in-lagunas-with-sunset-ocean-views-and-sunrise-mountain-views/There aren’t too many places in the world where you can buy a beautiful house, with acreage and a stunning ocean view, for under half a million dollars. No, it’s not a misprint, this beautiful house is located just outside of Dominical, Costa Rica, and is listed at $489,000. You could be the owner of this amazing home for less than the cost of a one-bedroom apartment in Vancouver, New York, or San Francisco!

This gorgeous tropical home was designed to soak in the incredible views available in almost every direction. Floor to ceiling windows bring the outdoors in. From the open living room and kitchen, watch the waves breaking along the coast all the way to Manuel Antonio National Park. The living room and bedroom also enjoy dramatic mountain views, including sunrises over Mt. Chirripo, the highest mountain in Costa Rica. Sunsets over the ocean will light up the sky and can be viewed from the house, large porch with dining area and lounge chairs, or the teak sunset deck.

The house is situated on 2.5 acres of land, with numerous mature fruit trees including bananas, limes, mamones, and mangos. It is located in the prestigious Lagunas community, with excellent water and roads. Because it’s 900 feet above sea level, it benefits from cooling breezes in the mornings and evening, and cooler temperatures at night. Even though it’s in the hills, driving to the beach in nearby Dominical only http://www.costaricarealestate.net/listings/show/394/2-5-acres-2-bedroom-home-in-lagunas-with-sunset-ocean-views-and-sunrise-mountain-views/takes about twelve minutes!

This home combines an open, modern floor plan with a rustic, contemporary style. The house features a great room with combined kitchen, dining, and living spaces. A dramatic hardwood bar made from a single slab of wood connects the kitchen and living room and provides space for meals or entertaining. The kitchen features high-end stainless steel appliances, gas stove, and cedar cabinets.

There are two bedrooms and one bathroom. The bedrooms are spacious and bright, with handmade wooden beds, side tables and closets. The bathroom is large, with a walk-in rain shower, a beautiful hardwood counter, and a hand-painted sink. There is also a dehumidified, secure storage bodega with washer and dryer, a 2-car covered parking area, and an alarm system and gate. All the furniture in the home is included in the sale.

http://www.costaricarealestate.net/listings/show/394/2-5-acres-2-bedroom-home-in-lagunas-with-sunset-ocean-views-and-sunrise-mountain-views/One of the best features of the house is the sunset deck with outdoor tub and shower. This teak deck was added in 2016 to take advantage of some of the best views on the property. A gorgeous Balinese stone bathtub sits on the edge of the deck, along with an outdoor shower. Watch the sunset over the ocean, or look for shooting stars under a dark night sky, while enjoying a soak in the tub. The deck is also perfect for yoga or for simply relaxing in a lounge chair with a book. There’s also plenty of space to add a pool with rancho next to the sunset deck and in front of the house.

A second building site, separate from the main house, makes this property unusual. This second building site is currently home to an organic greenhouse and caretaker’s cabin, but it could easily be developed with another luxury home or rental house. This property has the potential for expansion, allowing for a business opportunity or a larger family.

This ocean view home for sale is special and unique. The views are stunning in every direction, the home is modern yet rustic and comfortable, the community is safe and convenient, and there is opportunity for future growth. It’s the perfect home for a young couple who wants to expand, a retired couple who wants to keep it simple, business partners looking to develop rental homes or cabinas, or anyone who loves ocean breezes and sunsets. Don’t miss out on this fabulous opportunity!

 

http://www.costaricarealestate.net/listings/show/394/2-5-acres-2-bedroom-home-in-lagunas-with-sunset-ocean-views-and-sunrise-mountain-views/      http://www.costaricarealestate.net/listings/show/394/2-5-acres-2-bedroom-home-in-lagunas-with-sunset-ocean-views-and-sunrise-mountain-views/

http://www.costaricarealestate.net/listings/show/394/2-5-acres-2-bedroom-home-in-lagunas-with-sunset-ocean-views-and-sunrise-mountain-views/

 

Chirripo National Park

Chirripo National Park

Costa Rica has many beautiful parks that are popular destinations for travelers and residents alike. Chirripo National Park is one destination that you won’t want to miss, as it is home to the highest mountain in the country. This park had its name established in 1975, and it falls over three different provinces: Cartago, Limon, and San Jose.

One of the most notable features of Chirripo National Park is Cerro Chirripo, which is the tallest mountain in the country. It rises to over 12,530 feet, or 3,820 meters. In addition to the peak, there are many notable valleys and walking paths where you can enjoy a short or a long hike.

One of the most popular hikes runs along 10.3 miles (16.5 kilometers) on a trail that starts in San Gerardo de Rivas. From here you’ll end up at the park ranger’s refuge in Los Crestones. Many will stop here and return to the start, but for more adventurous spirits, they’ll want to hike up to the peak of the mountain. This adds an additional 3.1 mile (5 kilometer) walk to the summit. From here, if the weather is clear, you can view the Pacific Ocean to the west and the Caribbean Sea to the east.

During walks and hikes you’ll get to take in interesting plant and wild life. For example, the park is home to several fascinating and colorful varieties of mushrooms, but look, don’t touch!

Visitors to the park can experience a variety of different ecosystems. There are five counted in the park: lowland tropical wet forest, premontane tropical wet forest, lower montane wet forest, montane wet forest, and subalpine wet forest. These forests can change to wet desert during the hottest parts of the year.

You’ll experience two different types of climates in the park. One happens during the dry season which is from December to April. The wet season starts after that and lasts from May to November. Like many forests in other countries, Costa Rican forests are highly susceptible to fires in the dry season. Fortunately, caution has been exercised, and the last major fire was in 1992, which decimated nearly 8 square miles of vegetation, and forced the closure of the park for many months.

You’ll be surprised to learn that Costa Rica does suffer from sub-zero temperatures, particularly in Chirripo National Park. In the past the park has recorded low temperatures of -15°F (-9°C). Many visitors will want to pack a jacket, as the park can be one of the coldest spots in Costa Rica.

Visitors who’ve had their fill of hiking can stop in for a visit to the Las Nubes Centre for Neotropical Conservation and Research. You can find this building on the southwest corner of Chirripo National Park. This Centre is managed by the York University of Toronto, Canada.

If you’re searching for more of a rain forest type of park than a beach park, Chirripo National Park is sure to offer plenty of opportunities to get outdoors into fresh, cool air, where you can experience the natural habitat of some of Costa Rica’s valued plant and animal species. As home to Costa Rica’s highest mountain, it is also an excellent destination for hikers.

Manuel Antonio National Park

Manuel Antonio National Park

Costa Rica has a large number of protected National Parks that are popular with both tourists and locals. One of the distinctions of Manuel Antonio  National Park is that it’s located right on the beach, and just minutes from Quepos, Puntarenas. There’s plenty to do in the park, from walking tours, to water sports, and also animal watching. Visitors head here for the great beaches and hiking trails where they can see lush plant life and different types of animals.

The park is situated on the southern coast of Costa Rica. It’s part of the Central Pacific Conservation Area where plant and animal species are protected without fear of building development. This park encompasses over 1983 hectares of land and had its name first established in 1972.

There aren’t too many parks around the world that can boast having great sandy beaches. You can stand on the beach, yet see the mountains and forests lingering in the background. There are also some beautiful coral reefs.

When you arrive at the park, you will find the Visitor Centre, which was designed by well-known architects and provides information to tourists who are new to the area. Here you will find guides who can provide tours through the park and offer information about the many different types of animals and plants found there. Besides sea life the park is home to nearly 184 species of different types of birds, and nearly 109 species of different types of mammals. You’ll be able to see birds animals here that you don’t see in the US, such as monkeys, sloths, and toucans.

If you decide to try one of the many trails at the Park, there are over eight to choose from. Waterfall, Lookout, and Beach Espadilla are popular trails where you can see plenty of breathtaking sites. There is an approximately one hour walk that begins at Esapadilla, and ends at the top of Punta Catedral. The lookout at the top of this route is spectacular and is perfect for many photo opportunities.

After a good hike through the forest many people like to relax on one of four beaches inside the park. It will be a difficult choice between Espadilla Sur, Manuel Antonio, Playita, or Teloro, because each beach is very beautiful. These beaches have soft pale sand where the family can wind down at the end of a long day. Tidal pools add to the landscape. Some of these beaches have lifeguards to ensure the safety of water activities. The beaches with tidal pools have snorkeling programs where you can get super close to sea life. You can also try scuba diving, sea kayaking, and mountain biking. There is lodging nearby for those who wish to visit for a while, as well as plenty of restaurants and other facilities.

When you visit Costa Rica you’ll want to include a trip to one of Costa Rica’s top national parks, such as Manuel Antonio, to experience the beauty and nature that this country has to offer.

Opening a Bank Account in Costa Rica

Opening a Bank Account in Costa Rica

If you’ve decided to move to Costa Rica you’ll need to set up a bank account to either prove income source, or to have a way to deposit rental or company earnings into your bank account. While you’ll definitely need to set up a bank account if you’ve applied for Costa Rica status, in some instances they allow the tourist and student to set up an account too.

In Costa Rica, you’ll find a range of different banks. You may recognize Citibank or Scotiabank from Canada and the USA. There are also international banks with branches here.

You’ll have the option to open up an account in Dollars or Colones —official currency of Costa Rica.

Setting up an account may be more cumbersome than setting up one at home. There can be a lot of paperwork involved. It’s best to remain patient—it will be done in time. Even daily transactions may involve more  time.

Should you decide to open an account with a state-owned bank, there can be many benefits. For one, your deposits will be guaranteed. You’ll also find more banks to do your banking, with extensive branches throughout the country. This is beneficial if you live in a remote part of the country. This can already cut down on part of the time required to bank in Costa Rica.

To begin the process, you’ll start with a savings account. These usually offer a small amount of interest that can accrue over time. You will receive a debit card that you can use to deposit cheques at one of the ATM machines. The bank may also offer an international debit card that you can use in your home country, or when traveling abroad. If you choose to use a state-run bank, expect longer lineups on the 15th and last day of each month. You can avoid some of this by using the ATM.

You may choose to use a private bank. These will often be bilingual, and they’ll have better service, and fewer lineups.

Before deciding to open a bank account, ensure that you have the following documentation with you, otherwise you’ll have to return to your home to get it and waste more time.

You’ll be required to have your DIMEX card—Documento de Identidad Migratorio para Extranjeros. Tourists need only show their passport, but if you’re a foreign resident, you’ll need to show this card. If you do not have residency it is much easier to open a bank account using a local corporation known as a Sociedad Anonima. A local attorney can help you set one up.

You’ll also be required to deposit a minimum amount. Find out in advance if it’s $25, or $1000. You’ll need to show the bank a utility bill for proof of residence. You also need to provide a proof of income.

For USA citizens, you’ll need to fill out several forms and documents to let the IRS know that you are opening an offshore bank account. Expect to be able to visit your chosen bank during the weekdays, from 9 am to 4 pm.

If you’re considering purchasing property in Costa Rica, please give us a call and we can help you with your questions.http://www.dominical-real-estate.com/