Need an ExPats advice on Selling Real Estate in CR

  Aso advice on the current China investment scenario in CR.  Advice on both areas is greatly appreciated .
Kim / JKP
-@jkp39

I've been watching China's BRI and it's really going for it in CR. However, you might have future issues caused by geopolitics (also known as politicians stuffing the rest of us because they want more cash)

I can say nothing about your field as I know nothing, but the above warning should be considered.

To clarify..  your meaning of BRI ?   Appreciated

To clarify.. your meaning of BRI ?  Appreciated
-@jkp39

belt and Road initiative

@jkp39 .......Everybody sells real estate here, tourists,taxi drivers, and even monkeys.For the longest time, real estate was never regulated in Costa Rica,as in no licensing required.Since the global capital has been pouring into Costa Rica the last few years,things have changed,finally.Anyone with a 1/2 of brain now knows that,any legit person selling real estate has to be a Spanish speaker,a legal resident, qualified and registered with S.U.G.E.F.....

No licence required.............

No license may be required, but that's the only good news.

To remain in Costa Rica long-term you should (must) become a legal resident -- first a temporary resident, then a permanent resident. That'll take you at least four years but possibly longer.

During the time you are a "resident", it is illegal for you to engage in any business activity that might be performed by a Costa Rican citizen. You cannot legally sell real estate or anything else. If you buy or start a business, you can oversee Costa Rica employees but you cannot legally engage in work activity. So if, for example, you have a restaurant, you cannot open the door to customers, take orders, cook, bus tables and wash dishwater, order food, pay the bills, etc. Those are all things a Costa Rican could do.

While the prohibition against non-citizens work is stringent, it is widely violated. BUT if you're caught, you're likely to be summarily deported. Remember, you are here as a guest and at the whim of the government. You have few rights to fall back on. If you're reported to be selling real estate by a competitor who is Costa Rican, the outlook is dim.