Secure your financial assets as an expat in Costa Rica

Hello everyone,

As we navigate the exciting world of living and working in Costa Rica, it's essential to make informed decisions about our financial future.
We'd love to hear about the different investment options available for expats: how to invest in Costa Rica or in your home country, explore international options or use online accounts.

To kick off the discussion, here are some guiding questions:

What are the investment opportunities as an expat in Costa Rica? Are there any specific investment programs?

In your opinion, what are the advantages and disadvantages of investing internationally ? How is your experience with international investments?

What specific points should you consider regarding your investments as an expat (exchange rate management, international tax obligations or repatriation of funds)?

Do you use specialized banking services for expats, such as multi-currency accounts? What are the pros of these services and how do they help you with your finances?

How is the property market for expats? Are there any specific regulations or aspects we should be aware of when investing in real estate in Costa Rica?

What strategies do you apply to save and invest for your financial future in Costa Rica and/or to secure your children's financial future?

Thank you very much for sharing your experience with us!

Cheryl Team

i hired an appraiser who worked for the government authorized housing savings and loan bank 22 years ago since i was aware of the lack of data and integrity in the real estate market since there is no license required

unlike the states there is very little information available

outside of the central valley the infrastructure is not reliable in many areas such as quality of water, electric availability, cable and internet service, broken bridges, police protection,

20 years ago the gated condo complexes started appearing in large numbers since security had become a major issue and the 1st ones were around $70,000 with usually a clubhouse and pool

today those same condos are around $150,000 although in some more distant areas still $100,000

the beach areas are more expensive generally

if i was new to this country i would look in the internet for angela jimenez rocha certified appraiser who has done over 8000 valuations for the banks and private clients

My experience dealing with CR banks is their approach is so paranoid and their understanding of how property sales documentation in the US has changed in the last 5 years is so limited that it is impossible to work with the banks here.  As a result I have transferred fund out of CR.   I have also transferred funds to Panama from the US and received it in my Panama account in one day.  In CR it has never arrived in less that one week.

It is hard to recommend doing any business in CR unless one operates behind a Tico with existing banking accounts and funding levels.

Some of this paranoia is due to the US Congress passing the Patriot Act and it's follow-up.  Some is due to the rigidity and blindness of the banking system here. 

We purchased a home in Tamarindo, in a gated community called Senderos.   We had the most positive experience, and we are completely happy and delighted with our home.  Senderos is very professional and reliable and I found them very transparent and easy to deal with.   Their homes are beautiful, you can google them.

I highly recommend Senderos and we love Tamarindo, it's a very nice beach town.   We walk over from our home to the beach and there are lots of cafes, etc.  The Garden Plaza is next door, with the very North American Auto-Mercado grocery which has pretty much everything you are familiar with.

I can honestly say we are delighted with our purchase and with Costa Rica.  We are from Canada.


Thank you. I checked out Senderos. The homes listed are have several rooms. Is there anything smaller that you'd recommend?

I appreciate your reply.