Tropical Dreams Realty was born as a Real Estate company, whose vision
focuses on making your investment the best decision you will ever make.
We count with experienced personnel in the area of Real Estate expert
advice.
Specialized lawyers, with an excellent trajectory that will make
easy the process of buying property in Costa Rica, Los Angeles, Miami
and Buenos Aires.
The mission of every Real Estate company should lie in giving you the
best professional advice, not only on the decision of what property to buy,
but to be with you and to lead you through a complete legal process, that
will allow you to buy the property that really satisfies your needs, within a
legal and convenient frame.
The process of purchasing property implicates several aspects that must
be closely analyzed, and involves the handling of a legislation that includes
the tutelage not only of the purchase of the property but also the legal
viability for developing projects on it.
Your investment is very important. That is why our professionals will
advise you in every step of the process of buying, registration, and
developing, and the most important, the legal custody of the property.
THE ACQUISITION OF THE PROPERTY
The process of buying land in Costa Rica has several legal and technical
aspects that our professionals are very experienced in. Therefore we can
assure you that your investment will be very well protected.
It is very important that you, as an investor, know these aspects for you
to be secure in the process. Here are some of the most important facts.
Registration Status of the property you would like to buy
The public registry of the property is the governmental institution in
charge or registering all properties in Costa Rica. Technically called
Real Estate, all properties are ordered by a registration number called
real folio (Folio Real). Each property gets a real folio plus a number
of the province they are located in (San José, Alajuela, Cartago, Heredia,
Puntarenas, Guanacaste and Limon). The provinces respond to the
Costa Rica’s territorial organization. Whenever you are ready to move on,
our advisors will let you know about the real registration, fiscal and
municipal situation of that particular property, so you achieve a smart
and secure investment, completely fraud-free.
Adjustment to the regulating plan and the use of the grounds
The Costa Rican legislation contains specific rules that limit the use
of the different zones and territories. They are called Regulating plans
and Uses of the grounds. These are laws and they have to be very present
before a Real Estate investment is made. This law is very important
because it states if a property can be used to build a tourist project, a
place to live or simply lands for agricultural purposes. Our advisors will
let you lead your investment according to the project to be developed.
Maritime-Overland zone
Costa Rican legislation gives a special treatment to the
maritime-overland zone. That is the properties in front of the sea with
an exit to the beach, the rocks and islets within the sea. For the
development of tourist infrastructure or habitation projects, the
maritime-overland zone’s law, states the need to have a concession,
which is a permit that is given by the local municipality, and governmental
institutions like the Costa Rican tourist Institution and the agriculture
department can intervene. Our advisors will lead you through the process
of getting all the permits needed within a frame of certainty and juridical
absolute transparency.
Limited liability company method
Costa Rica’s registration system allows a foreign investor to be capable
of constitute or acquire the shares of a limited liability company
(Sociedad Anonima). This limited liability company is the ideal instrument
for the investor to accomplish all the elements needed in the process of
purchasing and getting all the permissions needed, even if he does not
have a residence in Costa Rica. We offer the investor the possibility to
acquire the shares of a limited liability company already constituted,
so he does not have to wait 3 weeks to a month which is the time it takes
to be constituted.
Option to purchase method
The investor can sign an option of purchase contract that gives him the
option of paying the seller a minimum percentage of the property’s total
price, before he can get the rest of the money to cover the property.
This kind of contract is a great tool that gives the buyer time to look
for a finance plan if he needs it. Our lawyers will advise the investors
on these kinds of contracts to protect their money and investment.
Registration
The purchase of land in Costa Rica is not only about a fast negotiation
process but also an adequate process of registering the property at the
public registry. The Costa Rica’s legislation sets a figure of the public
notary, which is a licensed attorney that performs legal acts with public
faith. Every Real Estate transaction, performed by a public notary,
will be recorded in his/her notary book, necessary to make it a valid
transaction. The transaction involves the registration taxes and the
stamps necessary. Once the property is registered, the public registry
will give the owner a property title, which is the document that proves
the validation of the transaction and demonstrates who the real owner
of the property is.
Registry Custody
This is one of the most important points to be known by the investor.
We know how important your investment is. This is why
Tropical Dreams Realty offer the investor the registry custody
service. We provide a monthly report that will let you know the status
of your investment and guarantee no frauds at all, knowing you are not
in Costa Rica.
Tropical Dreams Realty …. We care about your investment
