U.S. income tax avoidance drawing some to Costa Rica

By | Costa Rican Laws, Costa Rican Lifestyle, Financial, Move to Costa Rica | No Comments

Another reason to live in Costa Rica? This article appeared in www.amcostarica.com last week. It points that some American citizens are moving to Costa Rica and once there they continue to work by “telecommuting.”  In many cases, telecommuting allows that individual to take advantage of IRS tax rules and they do not pay taxes on foreign earned income of up to $101,000.  Tax savings could be substantial. We strongly recommend you consult with a tax professional familiar with the Foreign Earned Income rules, and how those rules apply to your own circumstances.

New Costa Rican Bank Account Options for Foreigners

By | Financial | No Comments

The Costa Rica Star just published this story about three new types of accounts being offered with $1,000, $2,000 and $10,000 USD deposit limits. This is good news for expats and those considering applying for residency in Costa Rica!

“This week, the state-owned Banco Nacional de Costa Rica (BNCR) announced a new series of bank accounts that require fewer requisites to open.

The three different types of accounts make banking in Costa Rica accessible for the first time to foreigners, youth, elderly, and others who may previously have found it difficult or impossible to supply the paperwork required to open an account.”

Read the whole story by Wendy Anders.

Celebrating Costa Rica’s National Parks

By | Costa Rican Parks | No Comments
Guanacaste National Park , Costa Rica

Guanacaste National Park – photo by cyph3r

Erin Skoczylas recently posted in the Tico Times:

“Each year on August 24, Costa Rica celebrates its national parks, one of the country’s most impressive legacies. More than one-quarter of this small country’s land is protected.

The national park system was created in 1984. The country’s national parks, wildlife refuges and other protected areas make up the National System of Conservation Areas (SINAC), a branch of the Environment Ministry.”

Read the full article and check out all the great photos of Mata Redonda Wildlife Refuge, and Barra Honda, Palo Verde and Tenorio Volcano National Parks.

Costa Rica Celebrates 113 Days of 100-percent Renewable Energy (and Counting)

By | Renewable Energy | No Comments
Manuel Antonio National Park

Manuel Antonio National Park

Cat DiStasio posted a great story in the Inhabitat design blog about Costa Rica’s impressive goal of becoming the first carbon-neutral country by 2021.

“Costa Rica is much more than a lush, green tourist paradise; it’s also a green energy pioneer. The small Central American nation has generated 100 percent of its electricity from renewable sources for the past 113 days, and the run isn’t over yet. The country, which draws clean energy from a variety of renewable sources, still has its sights on a full year without fossil fuels.

With a 113-day stretch of 100-percent renewable energy under its belt and several months left in the year, Costa Rica is edging closer to its target. Costa Rica could be on track to match the record set with its renewable energy production last year, which accounted for 99 percent of the country’s electricity. That included 285 days powered completely by renewable sources, according to the Costa Rican Electricity Institute.”

Read the whole story.

Costa Rica in Top 50 Places to Travel in 2016

By | Biodiversity, Travel | No Comments

Interesting article by Lindsay Orlander, published on the Travel and Leisure website:

“The top 50 places to travel in 2016—how many will you check off the list?

  1. Costa Rica

Few places have the biological diversity of Costa Rica, with its cloud forests, wetlands, and tens of thousands of unique species of flora and fauna. Since the 2012 opening of the new terminal at Liberia’s International Airport, many low-key properties have opened, but it’s only more recently that the new wave of luxury development has come to fruition.

Guanacaste’s beach community of Las Catalinas has opened their Beach Club, a gathering place for residents, villa renters, and visitors alike. It has two pools, a restaurant, a gym, and a beachfront terrace. A 20-room boutique hotel in also the works for later this year.

In Papagayo Bay, the adults-only, all-inclusive Secrets Papagayo has joined the Four Seasons and Andaz. Next up: a Mandarin Oriental, a Paradisus, and a Wyndham. Farther south, the Pacífico Sur region is having a moment too. Auberge Resorts recently unveiled its takeover of Hacienda AltaGracia, in the remote Pérez Zeledón mountains. The brand’s first Central America property, which grants new access to a relatively unknown region of Costa Rica, has horse stables and ultralight planes for exploring the terrain.

Best of all, a new airline, VivaCam, is planning low-cost flights from San José to the rest of Central America.”

See the whole article on Travel and Leisure.

Time Magazine Calls Gallo Pinto one of the World’s Healthiest Breakfasts

By | Costa Rican Food, Costa Rican Lifestyle | No Comments
Traditional Costa Rican breakfast - Gallo pinto

We all knew that Costa Rican food was good and good for you. Looks like Time Magazine agrees! Mike Dunphy wrote in his column, Eat This, Not That! @EatThisNotThat:

10 Healthy International Breakfasts

Take a cue from these countries’ better-for-you morning meals

#6 – Costa Rica

Black beans—and the heavy amounts of iron, zinc, potassium, thiamin, and folate inside—play a central role in breakfast here. Mixed with rice, spiced with cumin, pepper, and garlic, Gallo Pinto often comes with eggs on the side and a host of vitamin-rich tropical fruits like mango, pineapple, papaya, and plantains. The breakfast might have a lot to do with Costa Rica’s “Blue Zone” designation, given to countries with long-living populations.

Read the whole story in Time Magazine.