Showing posts with label Costa Rican Investment. Show all posts
Showing posts with label Costa Rican Investment. Show all posts
Monday, November 15, 2010
Wednesday, September 2, 2009
Changes in the Costa Rican Residency laws
Costa Rican Congress has just approved a law changing the country's immigration policy and the new law is expected to take effect in early 2010.
Costa Rica is by far the most popular Central American country for Americans to buy a second home or to make the move and live there full time. Many in the latter group chose to become permanent legal residents of the country. The process for doing so is relatively simple although red tape often causes delays.
Already, 1% of the population of Costa Rica are North American retirees and expatriates and with the impending retirement of up to 100 million "baby boomers" over the coming years, that number looks sure to rise.
The new law increases the monthly income aspiring residents must prove to be given residency status.
Pensionado (pensioner/retiree) category: previously you had to prove just $600 a month in pension income, from either the U.S. government or a private source. When the new law comes into effect, you'll need to prove $1000/month in retirement income.
Rentista (small investor) category: previously it was necessary to prove a monthly income of $1000, guaranteed by a banking institution. When the new law comes into effect, the proven monthly income increase to $2,500.
Costa Rica is by far the most popular Central American country for Americans to buy a second home or to make the move and live there full time. Many in the latter group chose to become permanent legal residents of the country. The process for doing so is relatively simple although red tape often causes delays.
Already, 1% of the population of Costa Rica are North American retirees and expatriates and with the impending retirement of up to 100 million "baby boomers" over the coming years, that number looks sure to rise.
The new law increases the monthly income aspiring residents must prove to be given residency status.
Pensionado (pensioner/retiree) category: previously you had to prove just $600 a month in pension income, from either the U.S. government or a private source. When the new law comes into effect, you'll need to prove $1000/month in retirement income.
Rentista (small investor) category: previously it was necessary to prove a monthly income of $1000, guaranteed by a banking institution. When the new law comes into effect, the proven monthly income increase to $2,500.
Sunday, April 5, 2009
Costa Rica Ranks 7th Most Politically Stable Country Out of 165 Worldwide!
The Economist Intelligence Unit Limited is a research and advisory company providing country, industry and management analysis worldwide.
It provides country profiles, monthly country reports, five-year country economic forecasts, country risk service reports and industry reports and it also specializes in tailored research for companies that require analysis for particular markets or business sectors.
Some of its well known reports include the 'liveability' of the world's major cities and the quality-of-life index.
In a March 2009 special report titled "Manning the Barricades", The Economist issued a detailed forecast outlining the current world economic crisis and its possible effects on political stability.
Within the report individual countries where ranked for vulnerability of political instability.
According to the report Costa Rica is rated one of the world's most stable countries. Out of 165 countries included in the listing only 6 countries ranked higher.
In the Americas (North America, Central America, The Caribbean and South America); only Costa Rica and Canada made the top 20 - the U.S.A. ranked 55 overall.
Costa Rica is still a developing nation but with more teachers than policemen, ranked 5th in the world in terms of environmental performance, plans to be carbon neutral as a nation by 2021, no army, and a stable democracy it represents an incredible investment opportunity.
Costa Rica also boasts a stable national banking system that didn't get involved in the high-risk lending practices experienced in other countries.
Of course the Costa Rican economy has not been unaffected by global economic conditions but Costa Rica's stability continues to attract foreign investment, and has kept domestic and foreign driven construction projects online even as funding sources have become more conservative.
Click here to download and read the full report
It provides country profiles, monthly country reports, five-year country economic forecasts, country risk service reports and industry reports and it also specializes in tailored research for companies that require analysis for particular markets or business sectors.
Some of its well known reports include the 'liveability' of the world's major cities and the quality-of-life index.
In a March 2009 special report titled "Manning the Barricades", The Economist issued a detailed forecast outlining the current world economic crisis and its possible effects on political stability.
Within the report individual countries where ranked for vulnerability of political instability.
According to the report Costa Rica is rated one of the world's most stable countries. Out of 165 countries included in the listing only 6 countries ranked higher.
In the Americas (North America, Central America, The Caribbean and South America); only Costa Rica and Canada made the top 20 - the U.S.A. ranked 55 overall.
Costa Rica is still a developing nation but with more teachers than policemen, ranked 5th in the world in terms of environmental performance, plans to be carbon neutral as a nation by 2021, no army, and a stable democracy it represents an incredible investment opportunity.
Costa Rica also boasts a stable national banking system that didn't get involved in the high-risk lending practices experienced in other countries.
Of course the Costa Rican economy has not been unaffected by global economic conditions but Costa Rica's stability continues to attract foreign investment, and has kept domestic and foreign driven construction projects online even as funding sources have become more conservative.
Click here to download and read the full report
Monday, January 12, 2009
Further US investment in Costa Rica
The Costa Rican Development and Investment Board (CINDE) predicts that the US recession may lead to further investment by technology firms in Costa Rica in an effort to reduce their production costs.
During 2008 some of the companies which increased their investment in Costa Rica included: Intel, Baxter, Sykes, Western Union, Hologic, and Procter & Gamble which invested more than US$30 million in new offices, plants and production facilities in Costa Rica in 2008.
Click here to read the full story on Inside Costa Rica
During 2008 some of the companies which increased their investment in Costa Rica included: Intel, Baxter, Sykes, Western Union, Hologic, and Procter & Gamble which invested more than US$30 million in new offices, plants and production facilities in Costa Rica in 2008.
Click here to read the full story on Inside Costa Rica
Tuesday, December 2, 2008
Arenal Volcano
The Arenal Volcano is one of the the ten most active volcanoes in the world.It is a fascinating natural wonder and must visit destination for many travelers to Costa Rica.
On almost a daily basis, red-hot rocks crash down its steep slopes and volcanic grumbles produce huge ash columns above the crater. 
Located in north-western Costa Rica (10.5N, 84.7W), around 90 km north-west of San José, in the province of Alajuela, canton of San Carlos, and district of La Fortuna, it is the most active volcano in Costa Rica. Recognized as a volcano since the 19th century, it was known by foreign investigators as Volcan Costa Rica, Rio Frio, Canastos Volcano and Cerro de los Guatusos. Arenal is the youngest and most active of all the mountains in Costa Rica. Scientists have been able to date it back to more than 4000 years ago. The area remained largely unexplored until 1937, when a documented expedition took place to reach the summit.
Once locally known as Cerro Arenal (i.e. Mount Arenal) it was presumed extinct until July 29, 1968 when an earthquake caused it to erupt after approximately 400 years of dormancy. The eruption wiped out the town of Arenal and killed 87 people [1]. It lasted for several days, and during that time destroyed crops, property, livestock, and forests. 15 square kilometers were buried and the explosion affected over 232 square kilometers. The eruption caused three new and active craters to form. Before the eruption, there was a wide variety of plant and wildlife on the mountain. It has been active since the explosion and can be reported to have minor eruptions every 5-10 minutes.
Arenal rises 1657 metres above sea level and overlooks Lake Arenal; both are part of Arenal Volcano National Park. The volcano heats several hot springs nearby, including Tabacon, a popular tourist destination.
This is one of seven historically active Costa Rican volcanoes: Poás, Irazú, Miravalles, Orosí, Rincón de la Vieja [complex], and Turrialba.
To see more amazing pictures of the Arenal volcano just click here.
To organise a trip to the Arenal volcano or one of the many other interesting and exciting activities in the area such as rafting or visits to the hot springs have a look at http://www.arenal.net/
Additional pictures courtesy of http://www.costaricaphotos.com/
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