Are foreign investors welcome in Costa Rica?
Your money is welcome here, you probably not. You will be looked at as a Gringo Piñata, lots of money just waiting to fall from your pockets. There are two prices here Tico price and Gringo price.
Do not ever make the mistake of believing anything or anyone here. Do your due diligence and research first. There is so much misinformation here, be very cautious. There is no recourse as the legal system is totally dysfunctional.
Is it complicated to register a company in Costa Rica? What is the procedure?
No, but you need a good Lawyer, a “good” one. Better to ask around to Gringos who they could recommend. Lawyers cheat you here and there is no governing body to keep them accountable, so be very careful, they will rip you off in a heartbeat! I have heard from plenty of people that have gotten cheated here, including me. I have a Hotel and talked to many guests that have been cheated. I see this on a daily basis.
What is the corporate tax rate in Costa Rica?
30% of profits, not that you will ever have any... If you want to make a small fortune here come with a large one!
Is it easy to recruit?
Everybody here can do everything.... Unfortunately you will have to hire a trained person from outside the country to fix it correctly after the locals have fixed it...
It is very tough to get trained personnel. Cleaning staff abound, but since the level clean is relative to here, you could be quite disappointed. Be prepared for total frustration and long waits for repairs or people to show up, welcome Tico time.
Any advice you would share with us?
Do not ever make the mistake of believing anything or anyone here. Do your due diligence and research first. There is so much misinformation here, be very cautious. There is no recourse at all. The legal system is totally dysfunctional and will only irritate you further.
Please do not expect anything like North American Standards here in Costa Rica, you will be greatly disappointed. Simple things like addresses, postal service, quick service, good roads, parts or supplies availability, any sort of selection, constant electricity, common sense, etc, these are all in short supply here in Costa Rica. Things are definitely different, in comparison to Europe or North America. It is more simple and basic living, harder at times for sure, but less demanding. Step back in time to different era.
This is a developing country and people live very simple here, without all the North American selection and conveniences. They are available here but you will pay dearly for them, double or triple price is conservative.
Live here for a while before investing a penny or you could be broke before you know it.
Regards,
Hotel owner two years