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Costa Rica is giving tax breaks to investors

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Written by Editor | 29 May 2009

Share SAN JOSE, Costa Rica (AP)-What better way to combat a growing world economic crisis than offer tax breaks to property investors? Well this is precisely what the Costa Rica government is hoping to do by offering tax incentives and trade agreements.It's being reported that developers cannow defer a greater chunk of their tax liability with help from the increase of accelerated depreciation from 50% to 60% for assets purchased in 2009, effectively reducing cost of buying construction equipment.

While most countries are raising taxes in hopes of offseting the current economic crisis, Costa Rica is lowering them with hopes of attracting a greater number of foreign investors this year. Costa Rica has, for the past number of years, been very generous to it's investors by returning high returns on property investments throughout the country. This is still the case today.

Yes, the landscape is changing however the opportunity still exists for foreign investors to achieve high return on their investments by purchasing properties at or near foreclosure prices. Some of the incentives supported by the Costa Rica government are no capital gains, low corporate tax and some businesses can enjoy eight full years tax free! This is indigitive of a pro-investment government looking to encourage foreign investment rather than punishing them.

For more information on some affordably priced properties that are guaranteed to give great returns in the next few years, please visit our sister site at:  BuyingCR - Costa Rica Real Estate