The Investment Process
Closing Process
How real estate closings work in Costa Rica
Step-by-Step Guide
Offer & letter of intent
A non-binding letter of intent sets price, terms, and due diligence period (typically 30 days).
Due diligence
Title search via National Registry (Registro Nacional). Verify no liens, encumbrances, or maritime zone issues. Hire a Costa Rican attorney.
Purchase agreement
Binding sale-purchase agreement (Contrato de Promesa de Compraventa). Deposit typically 10% into escrow.
Closing (Escritura)
Notary public prepares the escritura. Transfer tax (2.25%) paid. Title transfers in the National Registry.
Registration
New title registered within 30–60 days. Foreign buyers have same rights as Costa Rican nationals.
Typical Costs
| Item | Amount |
|---|---|
| Transfer tax | 1.5% of declared value |
| Notary/legal fees | 1.5–2% of purchase price |
| Registry stamps | 0.5% |
| Escrow fee | $500–$1,500 flat |
FAQ — Closing Process
Can foreign nationals own property outright in Costa Rica?
Yes — Costa Rica has no restrictions on foreign property ownership. Foreign nationals have the same ownership rights as Costa Rican citizens, except for maritime zone (zona marítima) properties within 50m of the high tide line, which are concession only.
Do I need to be present at closing?
No. You can grant a Power of Attorney (Poder Especial) to your Costa Rican attorney to sign the escritura on your behalf. This is common for foreign buyers.