Marina Flamingo on Schedule to Bring Prosperity to Costa Rica’s Gold Coast
With the development of the new marina, the Flamingo and Potrero area will become a world class destination for yachters, sport fishers, and vacationers alike. The huge development, said to reach $50 million upon its completion, is expected to have a tremendous impact on the economy of the surrounding area along the North Pacific Coast of Costa Rica. [caption id="attachment_4501" align="aligncenter" width="1060"] Photo by TamCam Media of Marina Flamingo during renovations[/caption] Construction Project of Marina Flamingo After several years of planning, five of which were spent waiting to consolidate the concession, Phase One of...
Pros and Cons of AirBnB Vacation Rentals in Costa Rica
Thanks to its uncrowded beaches, abundant nature, and friendly locals, Costa Rica has quickly become a hot vacation destination. Investors in vacation properties are reaping the benefits, but what does this mean for the local economy and should you invest? Pros and Cons of Owning a Vacation Property in Costa Rica Short term vacation rentals in Costa Rica have a strong return on investment. Well maintained and properly marketed rental properties generally gross 18 to 25 percent on average. However, short term rentals can have a negative impact on people living in...
Entering a New Marketplace: Expanding or Opening a Business in Costa Rica
Are you looking to expand your business into Costa Rica but don’t know where or how to start? At Costa Consultants, we can help. From Hacienda tax to Costa Rica labor laws to creating a business plan to helping you find a location and hire staff, our consultants can help with every aspect of opening a business in Costa Rica and even finding investment opportunities in Costa Rica. Register a New Company in Costa Rica An international business consulting firm based out of Costa Rica, Costa Consultants was established in 2015 by...
Why Do You Need a Business Plan?
Starting a new business is always a gamble. It can cost you a lot of time and money, not to mention stress on you and your family. That’s why it’s so important to consider vital information before diving into a new venture, such as why do you need a business plan and whether or not you have the necessary funds in place for success. What is a Business Plan? A business plan is a written document with proper SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats). Pair this with financial projections, and you...
How to Work From Home in Costa Rica
The lockdown created a lot of remote workers. Once many of us realized we can work from home we figured why not? Well, it can be tough to find that crucial work-life balance when your work life IS at home. It’s not only the pandemic helping people find remote work. Some places are making it easier for digital nomads with incentives like cheaper, faster Wifi and home offices in their Airbnb’s and other short term rentals. Countries like Costa Rica have created a new incentive for remote workers with a new...
What You Need to Know About Buying and Selling a Costa Rica Business
From beach bars to Air B&B’s, owning a business in paradise has its appeal, but what does it really take to buy and sell a Costa Rica business? MLS Costa Rica does not exist, so finding a business for sale can be tougher than what you will find in more developed locations. Also, determining the actual worth of an existing business, including whether or not there are concessions on the property, needs to be looked into carefully before proceeding with any purchase. Buy a Business If you are looking to buy a Costa...
Living Life Through a Pura Vida Lens
Being born and raised in rural Tennessee, I’m no stranger to nature. In fact, I love it. I can’t stand the hustle and bustle of a big city. I want to be able to wake up and hike through the mountains or jump in the warm ocean and start my day by putting my health and spirituality before money and income. And I am lucky to have exactly that where I live in Costa Rica. I am a 5 minute drive to the Las Catalinas trails overlooking the Catalinas islands,...
Are You Dreaming of Relocating to Costa Rica?
It’s been a tough year and a half. Big changes to our lives since the beginning of 2020 have many people looking to relocate. After all, so many of us have already adapted to working from home, why not become a full time digital nomad? Start your own business abroad, or work from home, away from home! Are you considering relocating to Costa Rica? We can help! Costa Consultants is launching Costa Concierge – a service to help with everything involved with relocating to Costa Rica. Whether you are a single 20-something looking...
Building in Costa Rica: Why You Need a Project Manager
So, you’ve been to Costa Rica, several times perhaps, and you’ve decided it’s the place for you. You want to build a home or maybe even have a bigger plan in mind – several homes, rental homes, a hotel, or even a large development with multiple single family homes. You can’t be there to oversee it all, not only that, you don’t know all the ins and outs of properly planning a large project in a foreign country. That’s where a project management company with feet on the ground and...