Offshore Investing in Costa Rica

Costa Rica's stable economy makes it a prime location for offshore investing. Although it can be a great opportunity, it can be very confusing for people who don't know what they are doing. We suggest reading literature on the subject and of course seeking advice from both your financial advisor and tax professional.

Scott Oliver (www.WeLoveCostaRica.com) gives an excellent definition for the beginning investor in his book, ‘ Costa Rica 's Guide to Making Money Offshore in Bull & Bear Markets'

“Investing “offshore” simply means that you have money invested outside your own country of residence.”

There are several main reasons why someone would want to invest money outside of their home country; tax breaks, protecting your assets, and diversifying your investment portfolio.

For most North Americans and Europeans there are tax issues that can work to your favor if you invest intelligently in an offshore property or corporation. Of course with the help of a professional! To be very clear on this point, ALWAYS seek the advice of your tax professional before investing in any new endeavor, and especially offshore. Laws can be broken and what you don't know can hurt you. Investing off shore is completely legal and safe as long as you make sure you understand all of the important components.

Another good reason to consider investing offshore is to protect your assets. Many people like to have a portion of their investments in less visible means to protect their privacy. Having land, a home, or a condominium unit purchased through a Costa Rican corporation is a great way of remaining anonymous while investing safely offshore.

Many advisors suggest diversifying your portfolio by investing your assets in different companies and other less traditional opportunities. Offshore investing is a great and unique way to do that. You add a dimension to your investment portfolio by adding a home or land purchase to your other more traditional investments. Again, we urge anyone considering purchasing land or real estate for investment purposes to speak with their financial advisor to discuss taxation and income reporting issues.

Investing offshore does not just mean money, stocks and shares like many people think. Buying real estate offshore can be a very profitable and exciting investment opportunity. It fits perfectly with many people's needs for developing a more diverse investment portfolio.

We know that your investment in a property at Catalina Cove will be financially prosperous, but we also hope that you choose to make our lovely part of Costa Rica your home as well!