Commercial Real Estate Opportunities in Nosara, Costa Rica
COMMERCIAL REAL ESTATE NOSARA COSTA RICA | Costa Rica, a place where potential is plentiful, cordially invites you to sow the seeds of your business ambitions. Foreigners are welcome to own both real estate properties and enterprises in this sun-kissed paradise. However, like with any paradise, there are a few exceptions: a) when the property is given or sold to Costa Rican citizens as part of government assistance programs, and b) for concession land or other land assigned for public services. In such instances, it is prudent to consider forming a Costa Rican corporation to hold land or a business. The specifics will differ depending on the kind of business, so speak with a local real estate specialist to navigate this flourishing landscape.
Begin Your Nosara Commercial Real Estate Search with RE/MAX Blue Ocean
Are you looking for commercial real estate in Nosara? Look no further, since RE/MAX Blue Ocean will help you through this exciting entrepreneurial adventure.
Opening a Commercial Business in Nosara
Every imaginative entrepreneur should consider the nature of their enterprise before venturing into the domain of available commercial land in Costa Rica. Each business niche has its own set of requirements, especially when it comes to the property it requires. Ecotourism, commerce, and sustainable agriculture are just a few of the thriving industries in the Nosara region, and each has its own set of land requirements.
You must also decide on the corporate structure that will best support your effort. The two most prevalent company entities in Costa Rica are Sociedades Anónimas (SA) and Sociedad de Responsabilidad Limitada (SRL). Personal liability is limited in both situations to the corporation’s assets and the entire contributions made by shareholders or quota holders. As a result, your personal assets are protected from possible creditors.
Sociedades Anónimas (SA)
Consider a SA to be the Costa Rican equivalent of a U.S. corporation. It requires at least two shareholders, three board members, and one controlling agent.
SRL stands for Limited Liability Company.
An SRL is a corporate entity that is similar to a limited liability company (LLC). The formation of this type of organization is simple, requiring only two shareholders to get started. If you’re starting your business on your own, don’t panic; your local attorney can function as the non-voting second shareholder required to meet the requirements.
If you are unsure about the ideal entity for your business or simply want expert help throughout the process, we recommend hiring a local attorney who is familiar with Nosara’s business landscape. At RE/MAX Blue Ocean, we have the connections you need to connect with reputable legal specialists in the Nosara area.
Navigating the Costa Rican Tax System to Keep Your Company on Track
If you intend to run a business, you must register your corporation with the local Costa Rican tax authorities, known as the Ministerio de Hacienda. Once enrolled, tax payments follow a pattern that may be familiar to you from other Western countries. Your gross earnings include all business income, which business expenses can offset. These expenses will be recorded using an electronic invoicing system, which is readily available from most merchants for each purchase. Your accountant will file these earnings with the Ministerio de Hacienda on a monthly basis. Your accountant will compute your expenses at the end of the year to determine your net income. This figure will subsequently be used to calculate your annual taxes. Your declared net income within particular income groups will determine the tax rate you pay.
Building Your Commercial Haven
If your company requires a commercial building, you may choose to build from the ground up. Construction expenses should be comparable to those of residential properties in Costa Rica. The main differences in the construction process arise from design and permissions, which are dependent on the structure’s intended purpose. Restaurants and spas, for example, require sanitary permits to operate.
Let’s Set Your Business Afloat
We’re happy you’re thinking about Nosara for your next business venture. The friendly locals and stunning views make this a picture-perfect destination to live and work. RE/MAX Blue Ocean offers a variety of commercial real estate in Nosara that is tailored to your business goals.
Contact us today to learn more about commercial properties in Costa Rica and how we can help you convert your entrepreneurial dreams into a bright reality.
*Please keep in mind that the legal processes, information, and numerical statistics contained in this article may change from year to year. Contact us directly for professional help and the most recent information. We at RE/MAX Blue Ocean are committed to keeping you informed about the ever-changing Costa Rican business landscape.