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Maritime Zone Purchase


Beauregard
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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.

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