8 simple Steps to developing in Costa Rica

  1. Initial Exploration: Find land that suits the type of project that you are interested in developing. Something that suits your needs/intentions. Mountain/ocean view/beach front, lots, condos, residential homes, hotel etc.
  2. Find a lawyer to execute a legal check on the property
  3. Obtain permits, ICT documents, municipality permits, Minae approval, concession papers (if applicable), property title certificate from the public registry, financial statements, hotel management contracts (if applicable), condo association bylaws, water viability, electrical situation, Invue (plan regulador), geological survey, topographical survey, evidence of payment of municipal taxes
  4. Obtain architectural renderings and master plan
  5. Obtain construction company, building permits and construction schedule
  6. Obtain certificate of ?Sellers Legal Right to Sell?, ?Purchase and Sale Agreement? and Escrow Information/Account Information.
  7. Anticipate ground breaking date
  8. Begin development!

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