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Investing in Costa Rica

by Kijner & Sons International Realty

The second most frequent question asked by investors looking to acquire a property in Costa Rica is often "How can I obtain legal immigration status?". As pointed out by Costa Rican Attorney Alberto Pinto Monturiol and further explained in KSI Realty's "Investing in Costa Rica" section, there are 3 ways to obtain residency for foreign businessmen - other than family ties with a native Costa Rican:

1. The investor status

Investors have to demonstrate that they have invested in the country and that they have a Costa Rican corporation that owns and runs a business. The best businesses and companies should be in one of the following categories/industries:
> Tourism: Hotels, Resorts & Casinos, Bed & Breakfast, Lodges, Site Seeing Activities and Extreme Outdoors Sports Activities (aerial tram, river rafting, eco-tourism...)
> Tree plantation with an initial investment of $100,000 in the first 3 years
> Productive projects in which Costa Rican labor is hired (industrial production of goods or free trade zone activities)
> Banking Investments
> Real Estate Investments
> "National Interest" type projects defined by the Costa Rican Government (as of today for example, ecological protection programs)

A complete list of requirements for each specific activity will be provided by the attorney in Costa Rica in order to apply for residency when the type of investment is decided by the client.

2. Retiree Status

A retiree has to demonstrate receiving a life pension from a government or a retirement fund of no less than $1,000 per month. A complete list of requirements for this status will be provided by the attorney in Costa Rica in order to apply for residency, but the one mentionned above is the most important.

3. Rentista Status

This status applies to a person who receives a monthly allowance of no less than $2,500 per month. The person has further to demonstrate and guarantee that he/she will perceive this monthly income for at least 2 years with a letter from a first order bank or financial institution. A complete list of other requirements for this status will be provided by the attorney in Costa Rica in order to apply for residency, but the one mentionned above is the most important.

 


The third most frequent question asked by businessmen looking to invest in Costa Rica is "How much will it cost me to close a deal (expenses and legal fees) and obtain legal immigration status?". Costa Rican Attorney Alberto Pinto Monturiol covers some of the most important costs associated with the acquisition of a Costa Rican property and the application for a legal residency status:

1. Closing cost for a Real Estate deal is 4.5% of the value of the sales price. This includes a 1.5% tax for land transfer, 1% registration stamps' fee to the National Registry and a 2% notary fee (to be paid at closing)

2. Fees for the incorporation of a Company in Costa Rica are about $750. This amont includes legal fees (legal agent fee for the first year), registration stamps, publication in the official newspaper, and obtention of legal and accounting books. All expenses and fees need to be paid at signing. This could be an option if you wish to operate a business without getting the immigration status.  

3. Attorney's fees per hour in other retained activities are about $100 per billable hour

4. To apply for a residency status, costs are broken down as follow:

> For the first and second group of nationalities mentioned in our previous post, you should account for about $3,750. This amont includes a $3,250 fee per person, plus additional expenses of about $500 per client when all required documents are provided, legalized and translated (included is an incorporation of a company in Costa Rica to start the investment process). All expenses and 50% of the fee need to be paid at the start of the process, 25% when all documents are submitted to the Immigration Office and the remaining 25% to be paid when immigration status is granted.

> For the third group of nationalities mentioned in our previous post, you should account for about $4,750. This amont includes a $4,250 fee per person, plus additional expenses of about $500 per client when all required documents are provided, legalized and translated (included is an incorporation of a company in Costa Rica to start the investment process). All expenses and 50% of the fee need to be paid at the start of the process, 25% when all documents are submitted to the Immigration Office and the remaining 25% to be paid when immigration status is granted.

> For the fourth group of nationalities mentioned in our previous post, you should account for about $7,250. This amont includes a $6,250 fee per person, plus additional expenses of about $1,000 per client when all required documents are provided, legalized and translated (included is an incorporation of a company in Costa Rica to start the investment process). All expenses and 50% of the fee need to be paid at the start of the process, 25% when all documents are submitted to the Immigration Office and the remaining 25% to be paid when immigration status is granted.

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Disclaimer: Information and data as of February 2012, not binding and likely to be modified without prior notice. Please see a licensed and certified professional and seek legal counseling should you wish to invest in Costa Rica. Please note that the amounts given are estimates and their sole purpose is to give you an idea and help you set up a provisional budget. Costs and information maybe subject to change depending on the uniqueness of each investment project in Costa Rica.

Discover Beautiful Costa Rica

by Kijner & Sons International Realty

Kijner & Sons International Realty would like to share with you a video of Costa Rica's stunning landscapes and provinces. Enjoy!


http://www.youtube.com/watch?v=BdKiPR3kdjo&feature=g-vrec&context=G25c5b3aRVAAAAAAAABg

If you are looking to invest in or relocate to Costa Rica, we can help! To learn more about Costa Rica, click here.

You can also read our Q&A about investing and living in Costa Rica whether you are considering buying a commercial or a residential property. We sell casinos, teak farms, hotels, restaurants, luxurious villas....just check our "Featured Properties" page!

Questions, comments? Contact us at info@kijner.com

The Wealth Report

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to share with you the 2011 joint Wealth Report by Knight Frank and Citi Private Bank, which gives us a global perspective on prime property and wealth today.

This report highlights what motivates both the high-net-worth individual "HNWI" (a person whose investible assets, excluding their primary residence, total between $1M and $10M) and the ultra-high-net-worth individual "UHNWI" (a person whose investible assets, excluding their primary residence, are valued at over $10M).

You will also learn more about Asia's ongoing rise as the World's new economic powerhouse and that education is one of the most important factors that encourages wealthy people to buy properties and invest abroad. 

To read the full report, click on the image below. 


If you are looking to invest abroad, buy a property in Thailand, Florida, Costa Rica or France or send your children study in the USA, we can assist you! Just visit our website www.kijner.com to learn more about investment opportunities aborad. Questions, comments, inquire at info@kijner.com, we specialize in wealth management, international consulting, relocation, promotion and development, residential and commercial transactions as well as property management. 

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Source: http://www.knightfrank.com/wealthreport/

Hong Kong SMART Expo - Conference #2

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to share with you its latest conference "Thailand's Property Outlook 2012"

Venue
Hong Kong SMART Investment & International Property Expo
Hong Kong Convention & Exhibition Center, Hall 1D

Country: China

Date: 11 December 2011

Time: 2:30 pm - 3:15 pm

Guest Speakers
Marc H. Kijner (Senior Broker Owner, KSI Realty & Realtor® with Fortune International Realty)
Pattama Chantranukul (Cert. Appraisal, LRTI - Lincoln Inst., Agency for Real Estate Affairs - AREA Bangkok)

Questions to Ask When Choosing a REALTOR®

by Kijner & Sons International Realty

Make sure you choose a REALTOR® who will provide top-notch service and meet your unique needs whether you are considering purchasing a property in Sarasota or Miami Florida.  

1. How long have you been in residential real estate sales? Is it your full-time job? While experience is no guarantee of skill, real estate — like many other professions — is mostly learned on the job. 

2. What designations do you hold? Designations such as GRI and CRS®* — which require that agents take additional, specialized real estate training — are held by only about one-quarter of real estate practitioners.

3. How many homes did you and your real estate brokerage sell last year? By asking this question, you’ll get a good idea of how much experience the practitioner has.

4. How many days did it take you to sell the average home? How did that compare to the overall market?

The REALTOR® you interview should have these facts on hand, and be able to present market statistics from the local MLS to provide a comparison. 

5. How close to the initial asking prices of the homes you sold were the final sale prices? This is one indication of how skilled the REALTOR® is at pricing homes and marketing to suitable buyers. Of course, other factors also may be at play, including an exceptionally hot or cool real estate market.

6. What types of specific marketing systems and approaches will you use to sell my home? You don’t want someone who’s going to put a For Sale sign in the yard and hope for the best. Look for someone who has aggressive and innovative approaches, and knows how to market your property competitively on the Internet. Buyers today want information fast, so it’s important that your REALTOR® is responsive.

7. Will you represent me exclusively, or will you represent both the buyer and the seller in the transaction? While it’s usually legal to represent both parties in a transaction, it’s important to understand where the practitioner’s obligations lie. Your REALTOR® should explain his or her agency relationship to you and describe the rights of each party.   

8. Can you recommend service providers who can help me obtain a mortgage, make home repairs, and help with other things I need done? Because REALTORS® are immersed in the industry, they’re wonderful resources as you seek lenders, home improvement companies, and other home service providers. Practitioners should generally recommend more than one provider and let you know if they have any special relationship with or receive compensation from any of the providers. 

9. What type of support and supervision does your brokerage office provide to you? Having resources such as in-house support staff, access to a real estate attorney, and assistance with technology can help an agent sell your home. 

10. What’s your business philosophy? While there’s no right answer to this question, the response will help you assess what’s important to the agent and determine how closely the agent’s goals and business emphasis mesh with your own.

11. How will you keep me informed about the progress of my transaction? How frequently? Again, this is not a question with a correct answer, but it reflects your desires. Do you want updates twice a week or do you not want to be bothered unless there’s a hot prospect? Do you prefer phone, e-mail, or a personal visit?  

12. Could you please give me the names and phone numbers of your three most recent clients?

Ask recent clients if they would work with this REALTOR® again. Find out whether they were pleased with the communication style, follow-up, and work ethic of the REALTOR®. 

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* For more information about KSI Realty's licenses and how we can assist you as Realtors® with your next investment project(s) in Florida, visit: http://www.kijner.com/About-Us & http://www.kijner.com/Daniel-Kijners-Licenses. You can also contact us at info@kijner.com


To look for all properties available in:

> The greater Sarasota area, click here

> The greater Miami and the beaches area, click here

Hong Kong SMART Expo - 2nd Day

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to share with you some photos of our second day at the Hong Kong SMART ExpoChina's most successful as well as Asia's longest running Investment and International Property Showcase (Hong Kong Convention & Exhibition Center, 10-11 December 2011).

Pattama Pornchokchai - Chantranukul & Laura Kijner

Marc H. Kijner & Pattama Pornchokchai - Chantranukul 

Marc H. Kijner, Pattama Pornchokchai - Chantranukul, Laura Kijner & Renaud Grollemund 

Daniel Kijner & Pattama Pornchokchai - Chantranukul 

Daniel Kijner & Renaud Grollemund

Marc H. Kijner presenting "Resort in Town I & Resort in Town II" (Bangkok, Thailand)

Marc H. Kijner presenting Ocean Reef Club (Key Largo, Florida, USA)

Incredible Parisian Duplex with terrace view on Eiffel Tower

Private port, beach and waterfront property

Unique Castle on the French Riviera with Ocean view

 

 

Pattama Pornchokchai - Chantranukul
Conference: "Property Market Update for Thailand: Why Invest Now" (11 December 2011)

 

 

Conference: "Property Market Update for Thailand: Why Invest Now" (11 December 2011)

 

 

Conference: "Property Market Update for Thailand: Why Invest Now" (11 December 2011)


 

Marc H. Kijner

Conference: "Property Market Update for Thailand: Why Invest Now" (11 December 2011)

 

 

Pattama Pornchokchai - Chantranukul
Conference: "Property Market Update for Thailand: Why Invest Now" (11 December 2011)

 

 

Helen Tam assisting visitors interested to invest in Costa Rica

 

 

Daniel Kijner & Helen Tam assisting visitors interested to invest in France

 


Daniel Kijner & Helen Tam assisting visitors interested to invest in the South of France

Daniel Kijner & Helen Tam assisting visitors interested to invest in the South of France

Laura Kijner & Daniel Kijner
Conference: "Investing in the USA: The Florida Market
" (11 December 2011)

Laura Kijner
Conference: "Investing in the USA: The Florida Market
" (11 December 2011)

Laura Kijner & Daniel Kijner
Conference: "Investing in the USA: The Florida Market
" (11 December 2011)

A visitor reading a brochure about Ocean Reef Club (Key Largo, Florida, USA)

Visitors attending our conference "Investing in the USA: The Florida Market" (11 December 2011)

Visitors

KSI Realty assisting visitors

Daniel Kijner assisting visitors

Michael Dy (Middle) & Marc H. Kijner

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Our Team

Daniel Kijner
Senior Broker Owner, KSI Realty
 (Costa Rica, France, Thailand, USA)
Broker Associate, Re/Max Platinum Realty (Sarasota, FL, USA)

Marc H. Kijner
Broker Owner, KSI Realty
 (Costa Rica, France, Thailand, USA)
Realtor® with FIR (Miami, FL, USA)

Laura Kijner
Broker Owner, KSI Realty
 (Costa Rica, France, Thailand, USA)
Realtor® with FIR (Miami, FL, USA)

Deep Vaswani
Project Consultant
SMART Investment & International Property Expo (Hong Kong, China)

Renaud Grollemund
Promoter & Developer
Project "Le Monaco" (Ari, Bangkok, Thailand)

Helen Tam
Translator (Chinese, French & English)
Team Facilitator, Hong Kong, China

Dr. Sopon Pornchokchai
President, Agency for Real Estate Affairs - AREA (Bangkok, Thailand)
President, Thai Appraisal Foundation (Bangkok, Thailand)

Pattama Pornchokchai - Chantranukul
Executive Director, Agency for Real Estate Affairs - AREA (Bangkok, Thailand)

Michael Dy
CEO of C&M
Promoter & Developer 
Projects "Resort in Town I & II" (Bangkok, Thailand)

Hong Kong SMART Expo - Conference #1

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to share with you its latest conference "Investing in the USA: The Florida Market"

Venue:
Hong Kong SMART Investment & International Property Expo

Hong Kong Convention & Exhibition Center, Hall 1D

Country: China

Date: 11 December 2011

Time: 3:30 pm - 4:15 pm

Guest Speakers:
Daniel Kijner (Senior Broker Owner, KSI Realty & Broker Associate with
Re/Max Platinum Realty)
Laura Kijner (Broker Owner, KSI Realty & Realtor® with Fortune International Realty

Hong Kong SMART Expo - 1st Day

by Kijner & Sons International Realty

Kijner & Sons International Realty is pleased to share with you some photos of our first day at the Hong Kong SMART ExpoChina's most successful as well as Asia's longest running Investment and International Property Showcase (Hong Kong Convention & Exhibition Center, 10-11 December 2011).

 Hong Kong Convention and Exhibition Center (HKCE)

 Hong Kong Convention and Exhibition Center (HKCE)

Hong Kong Convention and Exhibition Center (HKCE)

Hong Kong Convention and Exhibition Center (HKCE) - Hall 1D

Renaud Grollemund, Daniel Kijner & Marc H. Kijner

Renaud Grollemund, Helen Pam & Daniel Kijner

KSI Realty's Brochures & Ocean Reef Listings

Marc H. Kijner assisting visitors

Daniel Kijner assisting visitors

Laura Kijner

Los Sueños, Resort & Marina, Costa Rica

Los Sueños, Resort & Marina, Costa Rica

Ocean Reef Club, Key Largo, Florida

Ocean Reef Club, Key Largo, Florida

Ocean Reef Club, Key Largo, Florida

Ocean Reef Club, Key Largo, Florida

Marc H. Kijner & Renaud Grollemund

A visitor interested in a teak farm in Costa Rica

Visitors

Marc H. Kijner assisting a visitor

Project "Resort in Town I" (Bangkok, Thailand)

Daniel Kijner assisting a visitor

Renaud Grollemund assisting visitors

 

Laura Kijner & Deep Vaswani

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Our Team

Daniel Kijner
Senior Broker Owner, KSI Realty
(Costa Rica, France, Thailand, USA)
Broker Associate, Re/Max Platinum Realty (Sarasota, FL, USA)

Marc H. Kijner
Broker Owner, KSI Realty
(Costa Rica, France, Thailand, USA)
Realtor® with FIR (Miami, FL, USA)

Laura Kijner
Broker Owner, KSI Realty
 (Costa Rica, France, Thailand, USA)
Realtor® with FIR (Miami, FL, USA)

Deep Vaswani
Project Consultant
SMART Investment & International Property Expo (Hong Kong, China)

Renaud Grollemund
Promoter & Developer
Project "Le Monaco" (Ari, Bangkok, Thailand)

Helen Tam
Translator (Chinese, French & English)
Team Facilitator, Hong Kong, China

Dr. Sopon Pornchokchai
President, Agency for Real Estate Affairs - AREA (Bangkok, Thailand)
President, Thai Appraisal Foundation (Bangkok, Thailand)

Pattama Pornchokchai - Chantranukul
Executive Director, Agency for Real Estate Affairs - AREA (Bangkok, Thailand)

Michael Dy
CEO of C&M
Promoter & Developer
Projects "Resort in Town I & II" (Bangkok, Thailand)

Hong Kong SMART Expo - Our Booth

by Kijner & Sons International Realty

We are pleased to share with you some photos of our 18m2 booth at the Hong Kong SMART ExpoChina's most successful as well as Asia's longest running Investment and International Property Showcase (10-11 December 2011).

The property show is taking place at the Hong Kong Convention Center in Hall 1D (booth C9-C11) so come and meet with us to learn more about investment opportunities in the USA, Costa Rica, France and Thailand!

If you are considering investing in the USA through the EB5 Green Card Program, purchasing a short sale or a forclosure in Florida, retiring to Thailand or acquiring a casino or a land in Costa Rica, Kijner & Sons International Realty can assist you. We are also offering you exclusing listings and unique residential and commercial properties in Florida (i.e.: Ocean Reef Club, Key Largo), Thailand (i.e: Resort in Town I & II, Bangkok), Costa Rica and France!


 




 

 

 

 

 

 

 

 

 

 

 

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83-85 Boulevard de Charonne, 75011 Paris, France


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