Properties in Costa Rica Blog

As the pandemic peaked and businesses stopped, many experts said that the real estate market would be one of the last to return to normal. After the pandemic, it surprised everyone with how well it had done.

The road to wealth is frequently meandering and investing in real estate does not come with a map. However, you can take steps to set yourself up for success and place yourself on the correct path. A wonderful place to start is by paying attention to the best tips for investing in real estate from experts and prosperous investors.

We got thirteen property investment advice or tips from professionals in the industry. It doesn’t matter if you are new to the industry or buying your third rental property, you must follow these steps to succeed in this industry or get a property investment service. Without further ado, let us get started.

Why Invest in Real Estate?

Risk and preparation are involved in real estate investing, but the payoff can be substantial. Some of the most compelling arguments in favor of buying property are listed here. (Remember, growth in value and income is not assured. The more you know about the houses and areas you are considering, the better your odds of making a profit). Here are a few reasons people invest in real estate.

Continual Cash Flow

Owning a property increases what you receive monthly. It does not matter if you want to invest in a commercial or residential area, the potentials are high. You can lease your property to tenants. You get rent payments monthly.

Excessive Profit

You can sell your rental properties for significant profit if their value rises with time. You must choose the right real estate business to get those high profits.

Stability over Time

You can hold a property for several years while waiting for it to appreciate because it is a long-standing investment. As you wait for the property’s value to increase, you may also make a monthly income by renting out your real estate.

Tip 1 – Find rental homes in areas that are growing

Rental properties are a fantastic way to become engaged with real estate investments. Look for them in new neighborhoods. Developing communities provide tax breaks and room for growth for prospective buyers. Those who invest in real estate in upcoming areas increase their profits and ensure their revenue matches their costs.

Tip 2 – Diversify your investment portfolio

People often say that the best property to invest in is the one you already own. Even though it is essential to know the area where you are investing, you limit your opportunities to make money when you look for small areas.

If you think about investing in other cities and states, you will have a broader range of options and, in the end, better chances. Investing in a wide area also gives you more ways to spread out your money and protects your portfolio from the fluctuation of local markets.

Tip 3 – Don’t overstretch yourself

You can be highly profitable for an extended period and still go bankrupt if each rental is heavily mortgaged. You will have a decent mix of safety and stretching resources if you maintain some of your rental homes for free. If you execute it correctly, a few longer-than-expected openings or cash flow dips do not have to spell the end of your career.

Tip 4 – Conduct your research

Your reputable and compensated experts may advise you to avoid holding real estate in your portfolio altogether in many situations. They frequently offer the same stale justifications, such as being “illiquid” or “very management-intensive.” Depending on your circumstances, they may have merit, but that is not the primary justification they want you to avoid real estate.

You do not pay stockbrokers to invest in real estate. They have no incentive, no commissions, and no work to do. That is, except they wish for you to buy a pricey, non-traded REIT, in which case you will immediately understand their genuine motives. You must conduct your own research to determine the future cash flow in the real estate industry.

Tip 5 – Consider renting a single-family home

Your best chance of finding the right tenant is with single-family homes. Everyone would like to have a home of their own. Some people cannot or do not want to own property.

Tip 6 – Have several escape routes in mind

Another tips for investing in real estate is to never purchase a home unless you have several departure options. Consider flipping as an example. By purchasing properties with substantial quality numbers, you can reduce your risk factors if you are starting or do not have much spare money.

If you are investing in flips and the market collapses, but the property might generate a negative or level cash flow if rented out, you will lose a lot of money. You can either create wealth by maintaining them as rentals or reduce your risks when things go wrong by flipping starter homes.

Tip 7 – Contact escrow to complete your deal

When you start escrow, the deal is not yet finalized. If you are purchasing off-market, the seller may be a little worried about the transaction and if everyone involved is a real estate agent.

Introduce yourself and let them understand that you will draft the paperwork as soon as the escrow/title firm contacts them. The seller will feel more secure because of the third-party confirmation.

Set the anticipation up front that you would check in on the situation regularly during the escrow term and be sure to do so.

Tip 8 – Learn about your market

It is crucial to research and get expertise in your chosen market before making a real estate investment. You can recognize the current market situation and make plans if you are well-informed on current trends, including any drops or gains in average rent, crime rates, income, and interest rates.

Constantly estimating and anticipating market changes will make you a more successful real estate investor.

Tip 9 – Expect vacancies

You want to prevent a vacancy gap in your cash flow unless you have significant finances. The only way to achieve this is to add it to the cost of transporting the asset. Most property owners must assume that not every month of the year will bring in money.

For some, that translates into a 2% decrease in sales, while for others, it may represent a 10% decline. The trick is to evaluate the property and the renter type and then account for the revenue shortfall you should anticipate yearly.

Tip 10 – Think about investing in non-traditional real estate

Never forget that buying single-family houses or apartment complexes can both be profitable real estate investments. You might make investments in warehouses, industrial space, storage facilities, and office buildings. These all bring in rental income.

With a triple-net lease, where the tenant is responsible for basic insurance and paying the property taxes and upkeep, you might be able to lower total costs when renting offices and industrial facilities. Your investment then generates consistent cash flow with minimal out-of-pocket costs.

Tip 11 – Think of your investments as businesses.

Investing in real estate is a business; like any other business, it needs to be carefully planned, carried out, and managed. People who are good at every level run the best companies. It is one property investing tips you should never forget as a newbie.

Those who do not realize this will have trouble or even fail. No matter how big or small you want to do your real estate investment service, you must run it like a business to succeed.

Tip 12 – Create a budget and a timetable 

A general rule of thumb to apply if you are a new investor is to reserve at least 50% of your budget. When you renovate properties, one problem can often lead to another, and your expense usually ends up being greater than you had planned.

A leaky pipe, for instance, might need to be replaced, the mold damage cleaned up, and the drywall replaced. The same rule applies regarding timeline: if you have a 60-day deadline, plan on the project taking 90 days. Additional costs result in additional time.

Tip 13 – Buy cheap

A dividend-paying stock and real estate investing are comparable. The return on investment depends on how inexpensive you purchased the item. However, you must consider the return on investment. 

You can spend little money to purchase a modest home in a dangerous area, but you will not make much money from it either. Therefore, focus on acquiring land or an off plan rather than a house. As the year progresses, you buy cheaply, save money, and get more.

Conclusion

Those who are serious about their financial futures would consider real estate an efficient portfolio. One of the best ways to get the financial independence you want is to become a successful real estate investor.

Real estate investing tends to yield more cash flow than the stock market. However, you must exercise caution and listen to real estate investment advice from professionals. With these tips for investing in real estate, you can get started without becoming a statistic of those who have filed for bankruptcy.

Author Name: Liran Koren

Based on our research for this article and many writing reviews from the custom service Best Essay Education, the majority of Costa Rican writers dedicated their whole lives to fighting for human rights, women’s rights, their freedom, and a better place to live in.

Thanks to a bigger impact on different audiences, Costa Rican writers had a very important task to spread their culture and traditions all over the world via their writings, to get the world acquainted with their lifestyle, and to save these writings as a history of their nation. Further, we are going to make you familiar with the most outstanding past and current Costa Rican writers who spent their entire life spreading the word about their native land.

Carmen Lyra

Carmen Lyra, which is not the real name of this writer, has become the first worldwide known and popular writer that comes from Costa Rica. Carmen had a very challenging path to build a face in the world of literature. From an early age, she was a teacher and had the opportunity to publish some articles in local newspapers. In her native country, she couldn’t develop her knowledge and skills, so she went to England to continue her education as a teacher, growing her outlook and meeting popular writers. Carmen was writing novels and tales primarily for kids, where one of the most known books has become Cuentos de mi tía Panchita – the collection of tales and short stories for kids published in 1920.

Carlos Luis Fallas

Carlos Luis Fallas is included in the list of the most globally popular Costa Rican writers of the 20th century. The writer was a multifaceted personality who became an outstanding contributor to Costa Rican politics as well as literature. The majority of novels written and published by Carlos, among which are Mamita Yunai and Gente y gentecillas are based on his own life experience where he tells about the hardest and the most successful periods of his life.

Alda Facio

Alda Facio is a widely known public figure from Costa Rica who has been fighting for women’s rights for her entire life. She became an important person in canceling violent laws applied to women in numerous countries in the world. Her writings are surely dedicated to investigating the rights of women and humans overall and were mostly published in newspapers or thematic magazines to reach a broader audience. She wasn’t afraid to judge the Costa Rican law system and tried to do her best to change it and provide the inhabitants of Costa Rica with more freedom in different areas of life.

Quince Duncan

Quince Duncan has become the first globally popular Afro-Caribbean writer that comes from Costa Rica. Despite the challenges he met living in the east of Costa Rica, Quince was always focused on his education and personal development. He tried numerous professions like a teacher, scholar, and priest but finally decided to stop in the writing sphere. Talking about the specifics of his writings, he was keen on writing short stories mostly based on true information about the citizens of his native city, its traditions, culture, people, etc. He aimed to share the ancient history of his nation with the entire world.

Eunice Odio

Eunice Odio is a Costa Rican writer whose main specialization is poetry. Her poems describe everything that happened to her during her life. The writer has changed numerous places of living in the search of inspiration. Born in Costa Rica, she became a journalist and decided to spend several years in Guatemala and then the USA. Thanks to her connection with local newspapers, lots of her poems were published in different editions, which made her a globally popular writer. The constant change of locations and traveling was her primary inspiration to write poems and tell people the truth about the countries she used to live in.

Fabian Dobles

Fabian Dobles is a writer from Costa Rican who managed to combine different spheres of activities including writing, politics, and social movements. By using his novels, he tried to tell the wealthy politicians and people from other countries about the poverty in Costa Rica, how people suffered and what help they need from the government and the entire world. His writing was dedicated to criticizing the current government and its attitude to the simple working class.

Luis Chaves

Luis Chaves is related to the modern flow of Costa Rican art and literature. Due to numerous reviews from the writing service Trust My Paper, this Costa Rican writer is supposed to be the most successful and globally known novelist, whose writings have been spread across various countries. Luis has changed to numerous countries and continents for the purpose of looking for inspiration and sharing his art and his culture with others by translating his writing into different languages including English, German, Spanish, and others. Thus, his novels were recognized and awarded by the National Poetry Prize and Fondazione Cassa di Risparmio de Ascoli Piceno.

Carlos Salazar

Herrera Carlos Salazar Herrera is another great Costa Rican writer who had to make much effort to become a popular writer. From early childhood, he was sending lots of his novels to different publishing houses, editors, and newspapers to get the opportunity to share his art with others. Thanks to his hard work, he succeeded to develop his writing hobby into a real profession, where he became a professor of writing at a certain Costa Rican university to share his skills and knowledge with students who are keen on writing. Carlos dedicated his entire life to writing and sharpening this skill.

To end up

We tried to include the writers from the past as well as the present to show how Costa Rican literature changed and what goals the writers were following. Hope our compilation inspired you to learn more about Costa Rica and its rich culture from the great novels and poems of Costa Rican popular writers.

Written by Lafond Wanda

Costa Rica is an exotic country with fascinating people, bright culture, and picturesque nature. This country often becomes the place for spending vacation for people from all over the world. There are also lots of people who decide to move and live the rest of their lives in this place because of its great views and white-sand beaches.

We want to dedicate this article to discuss the benefits of visiting Costa Rica. Besides, we would like to share the pages of the most popular Costa Rican influencers who attract attention to their culture via their personal online blogs on various platforms.

Why you should visit Costa Rica

Fascinating nature and many natural parks

Costa Rica is known as a country with numerous parks that make this location very green, providing a clean environment for people. There are different types of parks you can visit. Some of them are privatized and belong to local organizations or governments, where you surely can find marvelous views, but these parks are made for tourists mostly. If you like more extreme vacations, you can boldly visit wild parks with jungles where you will find lots of various plants, insects, and animals. However, you need to explore the right behavior in jungles to keep yourself away from danger.

Active and dormant volcanoes

As the writing service Top Writing Reviews claims, Costa Rica is also famous as the land of volcanoes. Basically, it counts six volcanoes that are active at the moment, and also more than 60 dormant volcanoes. The number is really huge considering the pretty small size of the country. All tourists can take a tour of all active and sleeping volcanoes while traveling to Costa Rica. The variety of tours is quite wide and suits people who love calm climbing as well as extreme one. In addition, active volcanoes are not only for climbing. Costa Rican citizens opened SPA complexes near volcanoes where people can have natural hot baths and other various procedures which are unavailable in other locations in the world.

Costa Rican cuisine

Costa Rica has a suitable climate for growing lots of exotic kinds of fruit. There you can try foods that you will hardly find in any other country due to their complex distribution, like peach palm fruit, soursop, starfruit, and many others.

White-sand beaches

Costa Rican beaches are very clean and white because local citizens care a lot about the environment they live in. They aim to protect nature including parks, beaches, forests, etc. Costa Rica has lots of long and very picturesque beaches around the country near the Pacific Ocean as well as the Caribbean Sea. You can have a rest, try surfing, and diving to see the citizens of the water.

Top Costa Rican influencers

Now we would like to share the popular Costa Rican influencers who focus their blogs on describing Costa Rica and their life in this country. So before attending or moving to this place, you can learn about their culture and people.

Roberto López

Roberto is a micro-influencer from Costa Rica who has an online presence on two different platforms—Instagram and YouTube. He is a travel blogger who travels to different locations in Costa Rica as well as throughout Latin America to show the beauty of nature to his followers. He posts great pictures from his trips on his Instagram, but if you want to know more details about the places he attends, you can find his YouTube channel where he posts vlogs about his journeys.

The Yellow Passport Blog

This is a young woman that comes from Costa Rica. She started a travel blog several years ago and is doing really great. The direction she promotes on her personal blog on Instagram and website is sustainable travel and adventures. She adores traveling and has been to many countries in the world, but she focuses on wild traveling, picking living in a tent instead of luxurious hotels.

Regan Hillyer

Regan Hillyer is a top Costa Rican influencer with a huge audience on her Instagram and TikTok. Her blog doesn’t have a single direction and can be mostly related to lifestyle. She is a successful young businesswoman who shares her experience with other young entrepreneurs who want to become successful in various business niches. She is also keen on traveling, however, she prefers vacations in luxurious hotels which she also describes in her blog providing her own assessment.

Antonella Alberti

Antonella is a micro-influencer on Instagram that originally comes from the USA, but several years ago moved to Costa Rica. Her occupation is to create unique video and text content for her blog as well as to order for her clients. She shares her great experience of moving to exotic Costa Rica from busy New York, which is a good source of inspiration for people who are willing to move but are not decisive enough.

Jeffrey Karnes

Jeffrey is the owner of an exciting travel blog with a wide audience, with more than 100k active followers. His blog is really different from other travel bloggers as his blog is very informative. He travels to different countries in South America and takes pictures of rare animals. After that, he explores all kinds he managed to find and describes their peculiarities in his publications.

Giulio D’ Angelo

Giulio is another popular influencer in Costa Rica who is a photographer by profession. He commonly tries to find unique and unexplored places in Costa Rica to take photos that nobody has seen before. Despite his posts not having much text content, his blog looks very appealing to people who would love to see the real Costa Rica before visiting the country.

Sam Newton

Sam is a quite popular Instagram and YouTube blogger according to writing reviews Rated by Students, whose occupation is filmmaking. Despite not spending much time in Costa Rica, he described his experience of living and shooting in Costa Rica, in its marvelous places with pure nature. Sam captured the best moments of his recent Costa Rican journey in the videos on his blog, so check it out.

Dayana Souza

Dayana is a travel writer from Costa Rica who is tasked with teaching other people how they can escape from their boring, routine life and make their job available while traveling. It is a great source of inspiration for people who are tired of working from the place in the office and want to completely change their lives. Along with sharing traveling experiences, Dayana controls other people who turn their travel dreams into reality in the short term.

In conclusion

Taking into account the exploration of Costa Rican influencers, we can say that all of them are really proud of the place they have been born, or they have moved to. Costa Rica is a bright and colorful country where people at their convenience know what real relaxation is.

If you have in your plans to come and visit Costa Rica, we are going to look at a few things to keep in mind before you arrive. It is clear to say that restrictions in terms of the entrance and paperwork needed to enter the country have been modified ever since the pandemic started, and over the last couple of months the restrictions have been steadily reducing and tourism has increased once again. 

 Luckily, like the previous entry requirements released back in May, folks from all over the world can enter the country. The use of masks is still no longer mandatory (except for first line health workers or people entering hospitals of any kind) and businesses and touristic locations like Santa Teresa, Tamarindo or Jacó are all running their normal hours as opposed to what was happening during peak Pandemic times. 

The updated decree is now in full effect, having started August the 16^th, and its main concern or change applies to Nicaraguan and Colombian residents who enter the country as tourists or with a transit visa as well as refugees who are residing temporarily in the United States and Canada. The new directive now changes the term of validity of Nicaraguan and Colombian passports from 6 to 3 months upon entering Costa Rica, meaning that if you are from any of these two countries and want to apply for a consular visa, previously your passport had to expire at least 6 months after applying and know this period has been reduced by half to 3, joining the other 37 nations who are in this group. For people who require the consular or restricted visa but have a standard a visa or residency (including refugees) in the United States or Canada, you can still enter the country without the consular visa but keep in mind that the document that accredits your conditions must have a minimum validity of 3 months. Regarding the term of stay, the 90 days period after entry will remain the same and this applies to all nationalities once they enter Costa Rica. We hope you find this information useful and that you can come and see what this beautiful country has to offer.

References

Dirección General de Migración y Extranjería. (2022). Cambios principales de la Circular DG-0018-07-2022-DG-UV, Directrices Generales de Visas de Ingreso y permanencia para No Residentes: , Recuperado el 17 de Agosto de 2022, de: Circular DG-0018-07-2022-DG-UV.pdf

Overview

Costa Rica is a diminutive country in Central America. Costa Rica is bordered on the north by Nicaragua and on the south by Panama, with a population of approximately 4.9 million people. The country is known for its lush tropical rainforests, stunning beaches, and unique wildlife. Costa Rica’s economy is largely based on agriculture and tourism. The country is a popular destination for eco-tourists and adventure seekers. 

Costa Rica is also home to several major multinational companies, including Intel and Procter & Gamble. The Costa Rican insurance market is relatively small, but it has been growing in recent years. Home insurance is one of the most popular types of insurance in Costa Rica. Home insurance policies typically cover damage from natural disasters, such as earthquakes and hurricanes.

Comparative Coverage

However, home insurance policies in Costa Rica often have high deductibles, and they may not cover all types of damage. For instance, most home insurance policies in Costa Rica do not cover damage from flooding. As a result, it is important to compare home insurance policies carefully before buying one. Be sure to read the policy carefully and understand what is and is not covered.

Costa Rican Home Insurance Types

There are two main types of home insurance in Costa Rica; fire insurance and comprehensive insurance.

• Fire insurance policies cover damage from fires, explosions, and lightning strikes. 
• Comprehensive home insurance policies cover a wider range of risks, including damage from theft, vandalism, and natural disasters.

Some home insurance policies in Costa Rica also provide coverage for personal belongings, such as furniture and electronics.

What to Look for in a Costa Rican Home Insurance Policy

When shopping for home insurance in Costa Rica, it is important to compare policies carefully. Be sure to pay attention to the following factors.

Coverage 

Make sure the policy you choose covers all the risks you are concerned about.

Deductible

Home insurance policies in Costa Rica typically have high deductibles, so be sure you can afford the out-of-pocket costs if you need to make a claim.

Premium

Home insurance premiums in Costa Rica can vary widely, so be sure to shop around for the best price.

Discounts

Some home insurance companies offer discounts for things like smoke detectors and security systems.

What to Do if You Need to Make a Claim

If you need to make a claim on your home insurance policy in Costa Rica, there are a few things you should do.

• Contact your insurance company as soon as possible.
• Give the insurance company all the information they need, including a detailed description of the damage and any repair estimates.
• Be prepared to pay your deductible.
• Keep all receipts and documentation related to the damage and repairs.

Making a claim on your home insurance policy in Costa Rica can be a stressful experience, but if you follow these steps, it should go smoothly. A home insurance company can help you get your life back to normal after a disaster strikes.

Conclusion

Costa Rica’s home insurance landscape is diverse and ever-changing. By understanding the different types of coverage available, you can choose the right policy for your needs. With a little research, you can find an affordable home insurance policy that will give you peace of mind. In fact, home insurance is an important part of owning a home in Costa Rica. Be sure to shop around and compare policies carefully before buying one. And if you ever need to make a claim, be sure to follow the steps outlined above.

Wellness Tourism is defined as trips that aim to maintain or improve personal well-being. It focuses on three main lines with alternative and therapeutic treatments such as thalassotherapy, thermalism and the development of spas or wellness centers, which provide multiple benefits for the human body.

According to a general study by the “Global Wellness Institute”, wellness tourism is growing by 7% a year and tourists seeking this type of experience are willing to invest up to 60% more than other types of tourists.

According to a general study by the “Global Wellness Institute”, wellness tourism is growing by 7% a year and tourists seeking this type of experience are willing to invest up to 60% more than other types of tourists.

It includes activities that provide physical benefits for the human being; such as hiking trails, hot stone massages, volcanic mud skin treatments, yoga and forest therapy; a slow and relaxed walk through some natural environment that awakens the senses.

The growing demand for wellness tourism represents an opportunity for tourism companies, to develop offers for these travelers that prioritize their mental and physical health, thus improving the economy of entire countries.

Costa Rica developed the “Wellness Pura Vida” strategy. A wellness tourism strategy, that seeks to differentiate and position Costa Rica as a global wellness destination.

Tourism is one of the main engines of the Costa Rican economy, a country that, before the COVID-19 pandemic, received around 3 million international tourists each year. Close to 500,000 people depend directly and indirectly on this activity in the South American country, which is home to around 5% of the planet’s biodiversity.

Costa Rica’s comparative advantages are its oceans, a great wealth of inland waters, volcanoes, hot springs with high potential to become wellness centers, competitive costs, beautiful and exotic landscapes, healthy food and the friendliness of its inhabitants.

In addition, the Central American country has a wide variety of facilities for purchase or rent throughout the national territory, which offer activities in harmony with nature such as: massages, thermal pools, relaxation spaces, Jacuzzis, steam baths, waterfalls, group physical activities, adventure, etc.

The ideal destination to connect body, mind and spirit.

Written by: Fabiola Andrew Cardoso

The annexation of the Nicoya party to Costa Rica is a national event. An event so relevant to Costa Rica that it would change its history forever.

The Nicoya party’s territory went from the West of the Tempisque River, to the Pacific Ocean, from the North of the Salto River to the La Flor River. And Lake Nicaragua, which formed the limit with the province of Nicaragua. The Nicoya party was conformed by the towns we know today as Nicoya, Santa Cruz and Villa Guanacaste, which today united we call “Liberia”.

Since the end of the 17th century, Costa Rica and the Party of Nicoya have had good commercial relationship, mainly due to the commercialization of Bait, Livestock and Tobacco.

In 1810, the “Courts of Cádiz” took place in Spain, who asked each Latin American country to send different representatives to these courts. However, to elect a representative, a certain amount of population was needed and Costa Rica did not have the required number of inhabitants in the country at the time. So they decided to temporarily unite with the Nicoya party and thus together, have enough population. The elected representative was Presbyter Florencio Castillo.

Until then, the Nicoya party depended politically on the Nicaraguan administration. In March 1824, the state of Costa Rica invited the Nicoya party to join their country. By holding an open town hall, the residents of Nicoya and Santa Cruz decided to vote democratically to make a decision. Therefore, elections were held in Nicoya, where the union was approved with 77% of affirmative answers.

Added to all of this, is the fact that Nicaragua was going through difficult times internally. There was a strong difference between the cities of León and Granada, on the verge of a civil war that generated negative impacts in Nicoya. This is why the regional elites had a greater interest in their incorporation into the “pura vida” country.

Contrary to the two cities mentioned above, Nicoya had a very good relationship with Costa Rica for being commercially linked by the Port of Puntarenas, which today is a key element for the tourist attraction because of its coasts and beaches.

Since then, the “Day of the Annexation of the party of Nicoya to Costa Rica”, is officially celebrated as a national holiday on July 25th of each year, this 2022 will mark 198 years of successful union.

This union presented great benefits for Costa Rica, such as the increase in the size of the country and with this territory, many beaches, volcanoes, jungles, among others. The increase in the population that included traditions, legends, foods, typical clothing, music, words, figures, objects that were reinforced in national symbols, such as the Guanacaste tree, architecture, etc., which have been perfectly integrated into the Costa Rican identity.

“From the homeland by our will”

“De la patria por nuestra voluntad”

Written by: Fabiola Andrew Cardoso

A digital nomad is defined as a professional that uses new technologies to work, and who leads a nomadic lifestyle. Digital nomads typically work remotely, rather than at a fixed workplace.

The term has gained popularity in the past years and the number of people who live by this type of lifestyle has grown exponentially after the COVID-19 pandemic, where teleworking has taken center stage in almost all companies worldwide.

The most common activities of digital nomads are usually related to new information technologies, digital marketing, the creation and dissemination of digital content, such as videographers, influencers, bloggers or youtubers, graphic and web designers, software developers, etc.

Costa Rica is just days away from implementing a visa that will help and benefit remote workers all over the world, the DNV. A digital nomad visa lasts longer than a tourist visa (90 days) and it’s designed only for people who work for foreign companies. The digital nomad visa lasts up to 1 year and has the possibility to renew it for another year, if the digital nomad worker has stayed in Costa Rica for 180 consecutive days, so you can eliminate the perpetual tourist status.

The digital nomad monthly income must be at least US$3,000 for an independent person and US$4,000 for families.

As for the requirements, anyone who works as a freelancer doing remote work can apply for this visa. The person’s country of origin does not matter, as long as they don’t work for a Costa Rican owned company.

Even though the digital nomad visa is not available yet, some of the basic requirements known are:

• Application letter digitally signed by the applicant.
• Application form you can get at the “Migration and Foreign Affairs Office” or the Costa Rican Embassy.
• Proof that you are a digital nomad.
• Proof of stable monthly income.
• Proof of health insurance (lasting the whole duration of stay in CR)
• Government filling tax of US$100.00 (personal) or the equivalent in another currency.
• Copy of the applicant’s passport.
• Additional documents required by the General Law of Migration and Foreigners.

According to the General Law of Immigration, digital nomad visa owners will not be required to pay income taxes. In addition, digital nomads will be exempt from paying taxes on all imported essentials tools they use for work, such as computers, telecommunication devices, or any other equipment necessary to provide remote services.

They will also have access to local banking and can use their country of origin driver’s license.

The General Migration and Immigration No 10008 “Law to Attract Workers and Remote Providers of International Services,” legislation was developed and approved around July 2021, but has not been officially launched for implementation yet. Nevertheless, Costa Rican president Rodrigo Chaves signed off on the legislation this week, following the inclusion of modifications to make it more accessible and easier to apply.

Costa Rica is one of the favorite countries for the remote workers all over the world. Because it’s known for being tourist friendly, it’s one of the safest countries in Latin America, it has access to a large supply of short- and long-term housing, hotels, and weekend rental options, almost anywhere in the country, healthcare service is excellent, is surrounded by beaches anywhere you go and has an amazing wildlife!

So what do you think of remote work in paradise?

Written by: Fabiola Andrew Cardoso

This Tuesday June 14^th, in the city of Al Rayyan, the clock marked 2 minutes of the Costa Rica vs New Zealand match, when Jewison Bennete overflowed from the left and, using his speed, managed to take advantage to pass a cross to striker Joel Campbell, who with a shot on goal would score the first goal of the game, which was enough for the ‘Ticos’ who won the ticket to their third consecutive World Cup and sixth in their entire history where they will be part of Group E along with Spain, Germany and Japan.

From that minute on, the New Zealand team began to fight the field. Constantly attacking the Ticos’ porter’s lodge in search of a goal. Goal that would take place in the 39th minute, when Matthew Garbet took a cross for Chris Wood, the All Whites most dangerous player; who finished off the ball against the goal of Keylor Navas and thus tie the game. However, judge Mohammed Salem Yoused Abdula Alali almost immediately annul the goal due to a previous foul on Óscar Duarte after reviewing the VAR.

Keylor Navas was the star of the second half of the game, protecting his goal from several shots by the New Zealanders. Already in the last minutes of the meeting in Doha, the Central Americans began to celebrate and feel like the winners of the last remaining quota for the Qatar 2022 World Cup.

Luis Fernando Suarez’s team celebrated the hard-fought classification with hugs and tears. The striker and author of the only goal of the match, Joel Campbell could not contain the tears of emotion and, after a few seconds, he was able to offer his first words: “We have fought and fought for this moment. When we were bad, I said that we would all die or celebrate,” he said.

The Costa Rican people also took off to the streets to celebrate the classification of the “pura vida” country, all wearing the classic red jersey, characteristic of “la sele”.

Costa Rica, who reached the quarterfinals in Brazil 2014, will initially face Spain, followed by the Asian team and will finish against the Germans, to play the first World Cup to be held in an Arab country from November 21 to November 18. December 2022.

Written by Fabiola Andrew Cardoso.

The Covid-19 pandemic caused unprecedented and seismic shifts in society, most notably in the way we work, interact, and live with each other. Whether you’re a realtor specializing in Texas land for sale , a teacher, or any number of other professional careers, the way you perform the duties of your job is very likely different than it was before the pandemic turned the world upside-down. One way that workers are adapting to this new way to live and work is through co-working spaces, a more flexible shared workspace that can be utilized by different companies and workers.  

What is Coworking?

Co-working is a progressive and flexible form of renting out professional real estate, wherein numerous companies can share the same building or location. This provides many benefits, such as lower rent costs, greater flexibility on leases, and increased social cohesion and collaboration. Co-working has seen a rise in modern times due to the ability of companies to use technology to get more work done in smaller spaces, and an increase in operating costs necessitating a downsizing of the traditional corporate landscape.  

There are several different types of co-working environments, ranging from less structured “open workspace” to “private workspaces”, which can feature more dividers or private rooms. Additionally, there are “Industry-specific” co-working spaces, in which workers or companies from a particular kind of workplace can collaborate. Co-working has been shown to increase employee morale by providing a stronger sense of community, greater availability of tools needed to work and other perks, higher levels of socialization and special events, a higher degree of flexibility, and often a more convenient location.  

Social Distancing and Other Changes

Like most other areas of our lives, co-working spaces have experienced some major changes in the way they function since the pandemic happened, although they were perhaps better suited for them than a traditional office setup. Many employers found co-working to be a nice middle ground or balance between the full office setup and complete remote work, as a space where workers could still meet up and collaborate.

Some of the changes that were made in co-working spaces are increased social distancing and other forms of partitioning, such as plastic barriers or other forms of dividing rooms. In addition, like most stores, many co-working spaces implemented a mask mandate. Some of the other changes that may have occurred are:

• Covid-19 vaccination or testing requirements to ensure either protection or a negative test result before working.

• Increased access to sanitation services, such as hand-washing stations or hand sanitizer is available. 

• Enhanced cleaning and disinfecting routines to ensure high-touch surfaces remain clean.

• Increased ventilation in the space to make sure that air is recycled and moved efficiently.

• Contact tracing and other alerts to inform those who may have had contact with an individual who tested positive for Covid-19

Although many workplaces are returning to a sense of normality, co-working spaces will continue to rise in popularity as the world continues to grow and change, as they offer many tangible benefits for employers, such as decreased overhead and greater flexibility to respond to threats such as the pandemic. In this way, co-working spaces will lead to a happier, safer, and more productive world for us all.