Maritime Zone Purchase

[Beauregard]

I will soon be applying for "Permanent Resident Status" as an investor.

 

My question is this. After I receive Permanent Resident Status, I would like to acquire a concession in the maritime zone on which to build condos.

 

It is my understanding that a foreigner cannot own more than 50% of a concession unless he has been a resident for 5 years.

 

This said, it is also my understanding that a Permanent Resident has all the rights of a Costa Rican citizen except the right to vote in National elections.

 

If this is true, then should the 5 year residency requirement for concession ownership go away?

 

Please let me know your thoughts.

[TicoGrande]

I will soon be applying for "Permanent Resident Status" as an investor.

 

First: You cannot obtain Permanent Residency as a investor. You can be an investor and change to Perm. res. after some years. Check with your lawyer.

 

As for Maritime Property:

 

First read This

 

and then This

 

 

Both are important.

 

TG