We were going to write about this six months ago, but when it comes to the government of Costa Rica, it can be heresy until it really happens. Or just a procrastration until something major happens like the bridge tragedy. But when talking to an U.S account doing business in Costa Rica, he pretty much cut our conversation short because he had an important meeting with his accountant. This … [Read more...]
Chinese Drywall and Costa Rica Building Contractors
11/06/2009 by 3 Comments
With China investing in Costa Rica big time, there may be a problem with some of the building imports in the eco-minded country. When Costa Rica builders were busy a few years a go, many homes/condos and commercial projects were using Chinese imported drywall. In the US many class action lawsuits have been filed. If you Google, "Chinese drywall," the pages are filled with the problems it has … [Read more...]
Chinatown Project Starts In San Jose, Costa Rica
10/21/2009 by 1 Comment
China continues to wine and dine Costa Rica, now the government of China will be contributing US$1 million dollars to help construct a Chinatown or Barrio Chino. Of course Costa Rica’s Government or municipalidad de San José will fork out about US$300,000 to help finance the project. This announcement came in an official ceremony that included Costa Rican president, Oscar Arias, Municipalidad … [Read more...]
General Electric Closes Main Offices in Costa Rica
09/29/2009 by Leave a Comment
General Electric's CEO Jeffrey Immelt is making $20 million a year, living in a mansion in New England, and selling parts to the Iranian military that are being used to make weapons that are killing, American Troops in Iraq. GE has long had a corporate presence in Iran, which U.S. officials say is providing weapons and training for Shiite militias in the Iraq conflict. GE also owns MSNBC and a … [Read more...]
World Green Building Council and Costa Rica Join
09/15/2009 by Leave a Comment
Liberia, Costa Rica, September 02, 2009 -- PR web)-- The Costa Rica chapter of the Green Building was notified of induction into the World Green Building Council. Environmental sustainability in Costa Rica is a major social concern as the country covers 0.01% of the world's land surface yet contains over 5% of the world's biodiversity. In 2007, officials of the Costa Rican government stated … [Read more...]
Costa Rica’s Government Gets Sue by Villalobo Brothers Investors
08/24/2009 by Leave a Comment
One of the things the Free-Trade Agreement opened up was lawsuits. Somehow, you knew the attorneys also had to take advantage of this Free Trade thing. Canadian investors have sued the government of Costa Rica. If you are new to Costa Rica, starting back in the mid 1990s just about every Costa Rican knew of the Villalobo Brother's high-interest borrowing operation or just a good old fashion, … [Read more...]
Costa Rica Real Estate Fraud
08/14/2009 by 290 Comments
Yesterday I had a meeting with an account who was involved in a huge development project on the Pacific Coast of Costa Rica. Anyway, to make a long story short, he asked me if I knew the guy who he had meant in Costa Rica. I shook my head, and my account proceeds to go to this guy’s website. The website was professionally done, looked legit etc etc. Then my account took me to a … [Read more...]
Twitter and Costa Rica – News, Events and Info
08/07/2009 by 1 Comment
When Twitter crashed and Facebook had problems yesterday, the Blogs exploded with it. When Twitter finally came back online, the Tweets peppered the Social Media website of crying, bitching and blab blab blab. So how does this effect Costa Rica? It is pretty simple actually; the Tweets go to the profiles of the Twitter, who nonchalantly ask people to follow them. Their links they usually … [Read more...]
Is Skype Shutting Down In Costa Rica?
08/04/2009 by 3 Comments
When Skype voice over-the-internet system was offered in Costa Rica, it was a welcome alternative to ICE's monopoly on phone services. For a flat rate, Costa Ricans could call just about anywhere for a fraction of the cost … now that may change due to a legal spat over a licensing agreement. Online retailer eBay bought Skype in 2005 for about US$2.6 billion. HOWEVER, that deal didn't include … [Read more...]
Costa Rica Biofuels – ICE vs RECOPE
07/27/2009 by 1 Comment
Last month an interesting ecology deal was proposed. New Generation Biofuels Holdings, Inc., signed a letter of intent with the Instituto Costarricense de Electricidad (ICE or Costa Rica dominant monopoly on utilities, like electrical, internet, and phone service) to start testing biofuels for power generation in the Central American country. It seems logical, Costa Rica known for being a … [Read more...]
Buying Property In Costa Rica – Taxes, Capital Gains, Corporation
07/25/2009 by 5 Comments
The cool thing about Costa Rica, a foreigner can buy real estate and pass that title down, unlike Mexico where foreigner can only lease, and cannot buy, which as caused numerous disputes when titles suddenly change and/or were fraudulently made. The best way to buy real estate is set up a anonymous corporation instead of putting the property in an individual name. You will need a good … [Read more...]
Underworld Gambling Film, Leonardo DiCaprio in Costa Rica
06/24/2009 by Leave a Comment
Costa Rica productions companies are no strangers to movies, and have a ton of resumes to prove it - probably the most well-known film, filmed in the country, was author Michael Crichton best seller thriller, "Congo," which to me was one of the best books I have ever read. And Costa Rica is no stranger to gambling, a country where it is legal and after the crackdown on online betting in the … [Read more...]
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