Costa Rica Expertise: 2005

Wednesday, December 21, 2005

An important but little-used legal resource

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Going to get into a legal fight in Costa Rica?  Here is a great resource and it is free.

Most people do not know about the incredible Website of La Procuraduría General de la República, the attorney general’s office of Costa Rica. This authority is the superior juridical organ and public administration technician for the country.  The attorneys of the Procuraduría represent the country in the legal matters when affairs of the state are at stake.

The Procuraduría Website hosts el Sistema Costarricense de Información Jurídica, Costa Rica’s judicial information source.   It is part of the program of modernization of the administration of justice, funded by a loan from the Interamerican Development Bank.

The system includes legislation from as far back as 1821 with laws, executive decrees, international conventions, and treaties, along with regulations, rules, and by-laws to apply the law.  Higher court decisions from appellate, cassation, and constitutional courts that form Costa Rica’s jurisprudence are all available online.

Monday, December 5, 2005

Fast Internet is great except for ICE shuffle

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Everyone knows what a test pilot is. How about a technology tester?  In this day and age, it is almost the same thing.  Pilot program is the term used today.

In Information Technologies, development stage engineering is broken down into three parts:  The alpha stage, the beginning of a technology when it is in a very rough form.  The beta stage, an active debugging or problem-solving phase when a technology is heavily tested, preparing it for market introduction.  The stable stage, when a technology is ready.

About five years ago, GrupoICE was looking for testers for advanced Internet also referred to as ADSL, short for Asymmetric Digital Subscriber Line.  A technology that allows more data transmission over existing copper telephone lines than is normally possible.  ADSL supports data rates from 1.5 to 9 Mbps when receiving data (known as the downstream rate) and from 16 to 640 Kbps when sending data (known as the upstream rate).

GrupoICE is the country’s monopoly over communications and electricity.  It is made up of the Instituto Costarricense de Electricidad (ICE), Radiográfica Costarricense S.A (RACSA) and Compañía Nacional de Fuerza y Luz (CNFL).

At the time, deciding to sign up along with 600 other techno junkies was easy.  However, years have passed and being a tester for ICE has been no piece of cake.  Costa Rica is famous for implementing something new and then over saturating the use of it until it blows up and does not work anymore.

Monday, November 14, 2005

Tax collector's Web site not exactly helpful

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

December and Christmas in Costa Rica is the prelude to tourism season and better weather, but this also is the time of the year to file certain crucial tax forms.

Everyone knows that life has two certainties: death and taxes.  There is another:  The nation tax authority’s Website stinks.  It stunk last year, the year before that and the year before that.  This year it is fancier with new graphics, new links, and a new search engine.  They have obviously spent some money on revamping the interface, much like the Instituto Costarricence de Turismo with its $880,000 site.  However, it still does not work properly.

Many links go nowhere, and the search engine is a joke.  A search lists orderly results, but a click on them ends in this error, “The page you are looking for is currently unavailable. The Website might be experiencing technical difficulties, or you may need to adjust your browser settings.”

It is frustrating enough to have to find which bank is selling tax forms or what bank has what forms. Or what bank is not selling forms because they are fighting with the tax authority, referred to as the Dirección General de Tributación also known as Tributacion Directa for short.  Yes, it is true, Banco Nacional, the country’s most important governmental bank will not take money to collect sales taxes for Tributación, and other banks will not accept Banco Nacional checks for tax payments.

Monday, October 31, 2005

White collar stealing does not require a gun

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

“Stick 'Em Up”, says the robber to the tourist. “Give me all your cash.”

“José, move the property marker 10 feet. The neighbor will never notice. They're always in the States,” says the new landowner to his surveyor.  

Both are examples of stealing and punishable by imprisonment in Costa Rica.

According to the security ministry, every four days, a property in Costa Rica is invaded by squatters. In the past, the practice was more of a problem in remote parts of the country.  Nowadays, professional squatters make a living encroaching on lands because of their increasing value, especially in Guanacaste.  There have been seven major invasions in this area alone from Jan. 1st to June 12th.

Moving fences and property markers called mojones, in Spanish and boundary stones, markers or monuments in English, happens much more often.  Squatters are generally poor people trying to make quick cash, preying on property owners like locusts.  Moving mojones is a practice of the “well-to-do” motivated by greed.

Both scenarios are examples of trespassing and the illegal seizure of property referred to as usurpación or usurpation, defined as the “wrongful seizure or encroachment of a privilege belonging to another.” 

Monday, October 17, 2005

Purchase of a business has its own challenges

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Most people believe selling a business in Costa Rica is like selling a piece of real estate.  This is not true.  There are other factors to consider and special rules that apply to the sale of a business.

Two different situations may arise:  The business may or may not be part of a real estate transaction.  However, the business sale part of the deal does not differ much between the two cases.

Normally, a business operates from a company structure like a sociedad anónima (S.A.). It is similar to what is called a corporation in the United States or as a sociedad de responsabilidad limitada (S.R.L.), comparable to a limited liability corporation.

When the business is in one of these company types, transferring the entity is as simple as transferring its stock shares to a purchasing party.  The new owners change the board of directors in the case of an S.A. and the managers in the case of an S.R.L. Then they restructure any clauses of the original constitution to suit their special needs.

This custom of transferring shares to change ownership is very commonplace but dangerous.  It is great for the seller, but not safe for the buyers.  Credit instruments like prendas, referred to in English as chattel mortgages, letras, known as letters of exchanges, and pagarés or promissory notes live on for four years even after a closing.  These documents are usually undeclared or forgotten skeletons for which the purchaser is responsible.

Monday, October 3, 2005

Why so many expats get the short end here

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Why do so many who come to Costa Rica get hoodwinked, bamboozled, hornswoggled or just downright screwed?

It is because they come to buy a dream and do not think or do the proper homework before jumping into a project or investment.

Yes, there are many good deals in Costa Rica.  There are also many good real estate agents, attorneys, and advisers who can guide a newcomer in the right direction.  However, there are bad ones.  Some people moving to Costa Rica to live do not even have legal residency, hang out a shingle, and start selling property and investment schemes.

There is no required real estate broker’s license necessary to sell property in Costa Rica.  A professional organization does exist and has worked hard trying to legitimatize an association, but to date, it has not been successful in requiring brokers to have some type of license.

Monday, September 19, 2005

Judicial fight freezes beach developments

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Construction of beach developments in Costa Rica has been frozen because the Sala VI constitutional court is considering a complex case that pits the central government against its employees and environmentalists.

The issue involves the concessions that developers get to build within the maritime zone, which is public land and the first 200 meters from the average high tide line. Construction is not permitted in the first 50 meters, but long-lasting concessions are permitted in the rest.  

The constitutional court is considering two actions that include a case filed by the union that represents workers in the Ministerio de Ambiente y Energía. The worker’s union is suing because the ministry changed the rules so that developers now appear to have the right to cut down some trees in the maritime zone to build hotels and other projects.

Monday, September 5, 2005

A checklist to stay out of real estate trouble

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Every day, more and more foreigners are investing in all types of real estate in Costa Rica.  All types are the caution words.  There are so many kinds of property in the country, investors need to be careful when buying anything.  There is titled and untitled land, beach, and concession property, forest reserve and protected land to name a few varieties.

To buy real estate here, it is a good idea to have a checklist.  Here is a simple one to use:

Monday, August 22, 2005

Balloon payment makes seller a silent partner

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Welcome to the Wild, Wild West.  There are prospectors, gamblers, gunslingers, and even saloons, and brothels.  One can find gold in them thar hills. Oops, them thar hills are the gold — literally.

Yes, all this is referring to Costa Rica.  The translation of Costa Rica to English is “Rich Coast.” Spanish conquerors gave the country its name because supposedly there were tons of real gold to be found in this country when they landed on its coasts.  Or better yet, maybe those who arrived hundreds of years ago knew the secrets most people are learning now.

Today, it is not the gold people seek, but the land.  Especially land with an ocean view, but all land is skyrocketing in value.

Prospectors are of a different sort these days.  They take the form of speculators — gamblers who bet property values will continue to go up and up and up for years to come. The problem is, some are speculating on the money of innocent sellers.

This is how it works:

Monday, August 8, 2005

And this little piggy has gone electronic

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

This article is about SINPE. No, it is not a new virus, disease, or pill.  It is what is happening to online banking in Costa Rica, and the system lets anyone transfer money into any account in the country.

SINPE, or Sistema Interbancario de Negociación y Pagos Electrónicos is the main payment system for the central bank.  It translates into English as the “interbank electronic payment system.”  

The system handles electronic money transfers, check clearing, direct debts and direct credits as well as provides account information for all bank-related institutions. The system connects 99 percent of Costa Rica’s financial institutions, handling hundreds of millions of U.S. dollar transactions daily.

More importantly, it is providing an example to other countries all over the world because a key developer of the system is homegrown.

SINPE grew out of the new Organic Law of the Central Bank of Costa Rica, law 7558 of Nov. 27, 1995.  This law broke the monopoly of government-owned banks.  It opened the doors to private banking, giving everyone new choices. The law also set some goals for the future, one being an efficient electronic banking system that gave birth to SINPE.

Monday, August 1, 2005

Transparency phantom stalking bank info

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

This is a scary story about a phantom called Transparency that is creeping secretly into everyone’s life. Thanks to Transparency, individual and corporate bank accounts are becoming open books for tax investigators from all over the world.

Everybody has noticed all the great new services available for those who use online banking in Costa Rica. One can pay telephone, water, light and other bills via a computer.  There is no reason to wait in long lines at the bank or local grocery to pay most monthly bills.

Along with all these great new services, something else is happening, something frightening for those concerned about personal and business privacy.  

The computers are getting better and incredibly more efficient.  They are tabulating, recording, and archiving everyone’s transactions.

Those who do not use computers to do their banking probably have noticed a different treatment at their bank of choice.  This, too, is because of Transparency.  It is called “know your customer.”

Monday, July 18, 2005

Condo creations provide more complexities

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

A lot of money is being made by those selling condos up and down the coast of Costa Rica.

There are as many weird deals.  Some condominium projects are skirting the law.

This explosion is due to the “Ley Reguladora de Propiedad en Condominio” or condominium law, published in La Gaceta on Nov. 25, 1999.  Apartment buildings, commercial places like malls, office buildings, and — unbelievably — even cemeteries use the condo law to divide up property.

Here is how it works:

Tuesday, July 5, 2005

New complexities in case of dual citizenship


By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Many well-wishers at this year’s Fourth of July celebration offered congratulatory remarks regarding my article published in A.M. Costa Rica June 20 titled “Those who choose citizenship have a long road.”

One such person asked me what I was going to do about the Acts or Conditions section on the DS-82 application form for U.S. passport renewal?  How was I going to answer the question when it came time to renew my passport?  

Picking up a form at the Embassy desk, I read the section more carefully.  Here it is:

“If any of the below-mentioned acts or conditions has been performed by or apply to the applicant, the portion which applies should be lined out, and a supplementary statement under oath (or affirmation) by the applicant should be attached and made a part of this application.  I have not, since acquiring United States citizenship, been naturalized as a citizen of a foreign state; taken an oath or made an affirmation or other formal declaration of allegiance to a foreign state; entered or served in the armed forces of a foreign state; accepted or performed the duties of any office, post, or employment under the government of a foreign state or political subdivision thereof; made a formal renunciation of nationality either in the United States, or before a diplomatic or consular officer of the United States in a foreign state; or been convicted by a court or court-martial of competent jurisdiction of committing any act of treason against, or attempting by force to overthrow, or bearing arms against, the United States, or conspiring to overthrow, put down, or to destroy by force, the Government of the United States”.

Wow, the phrase buried in the text “I have not, since acquiring United States citizenship, been naturalized as a citizen of a foreign state” hit me like a brick.

What does it mean?

Well, what it means is the U.S. government says a passport is not a right, for there are conditions assigned to it.  According to the U.S. government, a citizen does not have a free and unencumbered right to travel outside the geographic borders of the U.S. without the approval of the STATE. It also means citizenship is not a total right as in Costa Rica, something that cannot be taken away or lost.

Can U.S. citizenship be lost, or your passport not be renewed because you decide to become a Tico or some other nationality?

This was the case for a long time.  The only reason dual citizenship was accepted by the U.S. government was due to special circumstances where one had dual citizenship due to birth.

Further research into the matter found these “out-of-date” restrictions were shot down in 1967 by the U.S. Supreme Court and again in 1980.  The statute books were updated in 1986.

The major Supreme Court case that changed the laws had to do with a Polish man named Beys Afroyim fighting to keep his U.S. citizenship after voting in an election in another country where he was also a citizen.  He argued the 14th Amendment to the U.S. Constitution protected his right to citizenship.  This amendment was originally meant to guarantee citizenship to freed slaves and their descendants after the civil war.

Section 1 of the 14th Amendment to the U.S. Constitution reads:  

All individuals, born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

The Supreme Court agreed with Afroyim and the law changed, noting that no law could be enacted which had the effect of depriving an American of his or her citizenship without his or her expression of agreement or acceptance. In other words, nowadays, the only way to really lose your U.S. citizenship is by renouncing it. 

But wait, there is a catch.  Isn’t there always a catch when it comes to government matters?

Renouncing one's U.S. citizenship can be expressed or implied, as in “expression of agreement or acceptance” noted above.

Taking on another nationality can be an act where the U.S. government interprets an implied act of renouncing U.S. citizenship.  There are many other acts, like joining another country’s army, voting, running for some office — all of which can be construed as an implied act of renouncing one's U.S. citizenship.

There are also some cautions, of course.  One is a U.S. citizen is required to always enter the United States with his or her U.S. passport, even if they have more than one because they have dual citizenship.

Another is that a U.S. citizen loses all rights to protection by the United States in the country of which they have accepted another nationality.  There are others, but these two are among the most important.

This all said, how am I going to answer the question on the form DS-82?  Well, I am going to put a line through the phrase, been naturalized as a citizen of a foreign state. And attach a statement indicating I became a Costa Rican naturalized citizen because I liked gallo pinto (rice and beans Costa Rican style) and had no intention whatsoever of renouncing my U.S. citizenship in doing so.

In the past, in these situations, the U.S. representative accepting a passport renewal application would have you fill out another form. But now, they just ask you the question if you intend to give up your U.S. citizenship.

Obviously, my answer is no.  If I lose my passport, I couldn’t take my family to the 4th of July party each year.

Article first published in A.M. Costa Rica on July 5, 2005.


   



Monday, June 20, 2005

Those who choose citizenship have long road

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Becoming a citizen of Costa Rica is a long, tedious road. 

The process is slow and requires patience.  Filling out the forms is easy enough, but every document presented to el Tribunal Supremo de Elecciones or Supreme Court of Elections is put under a microscope to see if one qualifies.  The mere misspelling of a word or name in any document can put the process on hold for months or years.  

Once the waiting is over, taking the oath of citizenship is a joyful day.  One truly feels part of the country, much more so than being a permanent resident. 

Here are the different types of Costa Rica citizenship: 

Monday, May 30, 2005

Being too nice can backfire on any employer

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Many business owners have found out here in Costa Rica that if they give an inch, their employees will take a mile. They must act fast to pull in the reins, particularly after a recent landmark court decision.  

The labor court said that if an employer does not correct unwelcome actions by employees immediately, such actions become the rule. 

Here is an example direct from court: 

Monday, May 9, 2005

Boom in beach condos could cause oversupply

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Get ready for Costa Rica's condominium explosion.  It is happening right now all over the country. 

Beehive condos are popping up everywhere.  The San José area, Escazú and Santa Ana are perfect examples.  New condos are growing out of the ground fast.  

First, the hot trend was malls.  The last five years brought three new malls and complete renovations to two older ones.  There is even one more in the development stage. The “biggest and baddest” mall is yet to come south of The Forum in Santa Ana.  The ground is prepared and ready to go.  However, construction recently was suspended.  

The new trend is condos, and expensive ones at that, especially the ones that overlook the ocean.  

What is it about water that will entice a buyer to pay exorbitant amounts of money to look at it from a picture window? 

Monday, April 25, 2005

Just what the heck are all those books for

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Everyone doing business or owning assets in Costa Rica using a company is required to have legal books.  

The books, referred to in Spanish as libros legales, are obtained at the stationery store and then taken to the tax authority, Dirección General de Tributación or DGT for short. To obtain the agency’s blessing on the books, company operators fill out a form called Solicitud de Legalización de Libros. This translates into English as application to legalize books. 

Tributación puts a notation and legal stamps on the first page of each book. 

Legalizing books for the first time usually goes hand-in-hand with filing Form D-140 called Declaración de Inscripción, Modificación y Desinscripción en el Registro de Contribuyentes. This translates into English as declaration of enrollment, modification, and disenrollment in the tax contributor’s registry. 

Whether a company is active and paying taxes each year or just holding property (and not required to file an income tax return or pay tax), the company is required to have legal books. 

Most people have heard of these books, but have no clue as to what they do and why they are important.  Very often they have been misplaced and, unbeknownst to the owner, serve as a home for hungry termites.  

Monday, April 11, 2005

How not to tie up your rental for a 3-year term

Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Owning property in Costa Rica comes with many decisions.  One is whether to rent or not to rent when one is away for long periods.  

Rental laws are clear.  Any contract automatically gives a renter a three-year rental term.  No contract, no matter how well written, can change the law.  The renter's law, Ley de Inquilinato, specifically protects renters regarding term as well as in many other areas.  Rent is synonymous with lease involving real property. There is no difference under the law. 

The fact that the rental term cannot be changed is a problem for many people.  Most property owners prefer to take advantage of rental income when planning a lengthy trip.  However, owners do not necessarily want to stay away three years at a time. 

Monday, March 14, 2005

This Easter Bunny has pair of very sharp fangs

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Everyone with a Costa Rican corporation, limited company or any other type of legally structured entity is required to file a form called D-110 to pay their education and culture taxes due March 31 every year. 

A corporation, referred to as a sociedad anónima, or S.A., is the most widely used type of company organization in Costa Rica.  

A limited company, referred to as a sociedad de responsabilidad limitada, or S.R.L., is easier to manage and is gaining wide popularity. 

Other types of legally structured entities include associations, cooperatives, and limited companies of one person, just to name a few. 

Foreign corporations doing business in Costa Rica are also required to pay this tax. 

Monday, March 7, 2005

The one problem with ADSL is it doesn't work!

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

The phrase “Internet Hell” is a slogan to give fair warning to users of the Internet in Costa Rica. 

The phrase also offers consolation to all who experience difficulties with the Internet here. Most expats in this country could write this piece themselves, each with his or her twist. 

High technology is wonderful. The Internet is remarkable. But there is a dark side. Computers and the Internet play with basic physiological buttons in everyone. They are very similar to nasty additive drugs. 

Monday, February 21, 2005

Please don't die before reading this article

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Today could be your last day. The end could come fast, a collision with a bus or a whack from a coconut from a palm tree.  

What happens then to all those assets accumulated in Costa Rica?  

If the assets are in a personal name. . . Ouch! The process will be difficult for heirs. Probate in Costa Rica is a long and tedious process involving a court case, which means finding a lawyer one can trust with tenacity to stay on top of the process. How do heirs know if an attorney is a lazy lawyer who will just exacerbate their situation? 

Heirs also need to understand what is going on. This is the hard part, beginning with the different types of probate. Sucesorio is the word for probate here. Translated into euphemistic English, it means “a big headache.” 

A serious concern that most people do not know about is there are “gavilanes” or vultures reading obituaries and cross-referencing the information with the Registro National to see if a deceased person owns a property. Those assets are the best to steal by notary fraud. How does a dead person sue a thief? Yes, heirs can sue, but the burden of proof is so great the process becomes almost impossible. 

Monday, February 7, 2005

Smile! All of Costa Rica is on Candid Camera

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Google has puts Costa Rica on the map. Literally.  

Google acquired Keyhole Corp. last October 2004 adding the firmís service to its growing list of its satellite imaging offerings. 

Founded in 2001, Keyhole is the 3D digital Earth pioneer of the only company to deliver a 3D digital model of the entire Earth via the Internet. 

Costa Rica is now included in medium resolution.  At this 80-meter to 200-meter view one cannot see what Ticos are having for breakfast, but one can see the craters of most of the country's volcanoes in great detail along with other sights of the nation. 

Monday, January 24, 2005

How high can skyrocketing land values go?

By: Garland M. Baker B.
Exclusive to A.M. Costa Rica

Editor's Note: While this article was accurate at the time of publication, some information may now be outdated. We are currently preparing a comprehensive update. Sign up for our Alerts to be notified as soon as the revised content is live!

Tourists arriving in Costa Rica this year have another attraction besides the beautiful beaches: soaring property values. 

Potential investors in property are finding themselves confronted with land prices that are skyrocketing.  The phenomenon is everywhere.  Even tourists notice the flurry about them. Buyers have to hold on tight to offers as prices float even higher.  

A.M. Costa Rica forecasted the growth in Guanacaste last January at the completion and opening of the Río Tempisque Puente de Amistad or Friendship Bridge built by Taiwan.  The bridge in concert with the Daniel Oduber International Airport in Liberia has made an otherwise remote area quickly accessible.  

Professional people, along with the common Joe, from the United States or Canada can wake up and be sick of the snow, hop a plane and be surfing Playa Guiones near Nosara at sunset.  

The question is: Will Costa Rica boom or bust? 

Monday, January 10, 2005

Country's long history of dream developments

By: Garland M. Baker B. 
Exclusive to A.M. Costa Rica 

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Costa Rica is characterized by many old timers as the land of the “wanted and the unwanted.” Some who come here are wanted criminals by other nations and others just do not fit in somewhere else, so they come to this country to live. 

Want to make a million dollars in Costa Rica? Come with two, and maybe you will leave with one.  This advice given to newcomers for over 30 years should now have an inflation adjustment.   Bring $5 to $10 million to leave with one. 

These statements are no joke.  This writer has personally seen it happen over and over again in 33 years.  Those who are lucky get to leave. Some just die along the way trying to get their original nest eggs back, fighting the legal battles that ensue. 

Even the best-looking real estate or financial deal may have hidden pitfalls.