Yesterday morning, the Internet was flooded with the Press Release FROM the developer of a Jacó condo and hotel project suing its lenders, seeking arbitration on $120 million that has caused what it claims was a successful project on the verge of falling apart. No doubt the $120 million was an eye-opener of what is at stake. The developer, Desarrollos Naturales de Costa Rica S.A., named Banco … [Read more...]
Archives for March 2010
Costa Rican’s U.S. Expats May Be Paying Twice For Health Care
03/24/2010 by 7 Comments
With the passing and the presidential signing of the U.S. Health Care Reform bill and assuming that it does become a law (13 states filed lawsuits in the US, stating it was unconstitutional) Costa Rica expats may have a serious problem. They may be forced to carry health insurance in both the U.S. and Costa Rica, I guess you can say a form of double taxation. According to the health bill, ALL … [Read more...]
Costa Rica’s New Traffic Laws – Loopholes and Problems
03/19/2010 by 3 Comments
It has been a hell of month with the new traffic laws that took place March 1st to local drivers and the Costa Rican newspapers have been filled with it. The changes were to lighten penalties and lower fines, but in reality due to the numerous loopholes, the Transit Police are applying their own version of the law that has amounted to higher fines in some cases. Or, as one 'chatter in a … [Read more...]
Electrified Fences Growing In Popularity – Costa Rica Security
03/16/2010 by 1 Comment
When I was a kid, I went dove hunting with my dad and his friends, who also brought along their sons. As we were walking the fields, we came upon a fence with a sign, WARNING ELECTRIC FENCE. One of the older sons, pointed to me, "Yeah, kid, go touch that fence" with the warning sign, " it's just a fake sign ... see the bird sitting on the wire." Being naive at the time, I touched it and … [Read more...]
Wellness Vacations In Costa Rica
03/10/2010 by 4 Comments
During the last several years, a new generation of vacationers has been demanding more from hotels than ever before, and a new type of travel is rising in popularity. This new group of travelers desires more than before from their vacation, and so the tourism sector is providing many options, such as hotels and resorts with Yoga and focus on health at their core. Yoga, Wellness Centers and … [Read more...]
Santa Teresa & Malpais, Costa Rica – Beach and Jungle
03/06/2010 by 3 Comments
Welcome to some of the most beautiful beaches in the world: Malpais and Santa Teresa, known for their rugged jungle beauty, unforgettable sunsets, and especially the epic surf in Santa Teresa. The area has also become known as a hot spot for amazing cuisine in Costa Rica, since many amazing chefs have moved here from different parts of the world. The instant you arrive in Santa Teresa and … [Read more...]
Real Estate Investing Tips in Costa Rica – HMO, Deeds of Trusts, Taxes
03/05/2010 by 1 Comment
Costa Rica is nowhere different than any other country when it comes to real estate. In the early 2000s the hype of the countries cheap property, relaxing and eco-friendly environments sparked a real estate boom. And like the U.S, when the market busted several year ago, it threw many investors and home buyers into a world of financial ruin. Investments vanished when buyers gave huge sum’s to … [Read more...]
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