Why Investing in Costa Rica Makes Sense

You don’t want to put your money in a bank where you get no return.  The Stock market is way too risky.  What about US real estate? Forget it. It’s going to take a decade to turn around.

But Costa Rica, on the other hand, has everything an investor wants:

A stable democratic country

Very little crime

Fantastic infrastructure

Low taxes

Low carrying costs

And most importantly – They welcome foreigners

People ask me all the time “Why live in Costa Rica?”  and I say Why not?  Tell me where else?

You can’t live in the Caribbean, too many hurricanes and high cost of living.  Most people can’t afford Hawaii.  Mexico and the other Central American countries are way too dangerous.  And who wants to stay in the USA?

With the taxes as high as they are, and about to get higher, forget it – You can’t afford to retire.  Not to mention the cost of living, insurance, crime – you get the picture.

But Costa Rica is perfect!

The Liberia Airport is expanding in response to the overwhelming increase in passenger traffic over the last few years.  The expansion will make the arrival and departure process more agile to an already pretty comfortable airport.  We have been hearing reports for a few months, and today The Tico Times reported the planned expansion project.  Here is the article from the Tico Times below.

December 14, 2016 by L. Arias of the Tico Times 

Works to expand and improve Daniel Oduber Quirós International Airport (LIR), in Liberia, Guanacaste will begin next month, Casa Presidencial confirmed in a  statement.

Airport administrator Corporación Interamericana de Inversiones (CORIPORT) will invest $10.3 million to expand the terminal and increase its current capacity by about 20 percent.

The project, originally planned to start this year, is now scheduled for completion by next November. It consists of building new boarding gates, VIP lounges, shops and offices over an area of 2,633 square meters (some 28,340 square feet). It also involves the renovation of 1,485 square meters (16,000 square ft) of current waiting and baggage claim areas.

The company will install a new X-ray system, new video and audio systems for passenger information, and an improved wireless network for Internet access.

CORIPORT General Manager César Jaramillo said in a news release that the company hopes all these improvements will allow Liberia Airport to continue offering first-class service for travelers. The expansion will also allow the terminal to receive new flights from at least five more airlines in the short term, he said.

Jaramillo said that new Liberia-Denver and Liberia-Mexico City flights are already scheduled to begin operating next year.

Tourism

Daniel Oduber Airport is a key terminal for the tourism industry in Costa Rica, thanks to its proximity to some of the country’s main tourist attractions such as beaches, volcanoes and national parks.

It’s located 12 km (7.5 miles) west of Liberia, approximately 40 Km (35 miles) east of the Papagayo Peninsula, and 79 km northeast of the Tamarindo, Conchal and Flamingo area.  The airport is approximately 220 Km, or 137 miles, from the capital, San José.

CORIPORT expects to end 2016 with a 35 percent increase in the number of travelers compared to last year. The terminal in 2015 received 426,336 visitors, the company reported.

According to a survey conducted by the Costa Rican Tourism Board (ICT) in 2015, 98.5 percent of travelers who entered the country through the Liberia Airport came for tourism, pleasure or recreation. Four percent of them have already been in the country and wanted to return. More than half of them travel as a couple, ICT reported.