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Costa Ricans and foreigners are always advised to buy land through a corporation. Among the advantages of forming companies for this specific reason, the reduction of personal liabilities and taxes, avoiding probate procedures and obtaining higher confidentiality in the ownership of stock and assets, are the most outstanding.

The ownership of recordable assets, such as Real Estate and cars, has become the main purpose of most of the registered companies in the country. Hence this method of "indirect" possession is the most highly recommended means of managing recordable property. Limitations to the engagement in commerce by foreigners, established by our Commerce Code, may also be legally eluded by immigrants when acting through a Costa Rican company or corporation. Once formed, a corporation may be fully controlled by a sole shareholder. This allows the concentration of corporate powers which a single individual, or a small group of people, to operate the company in a relatively simple and inexpensive manner. Your attorney will be able to help you find the way to ensure controls of the company and overall handling or corporate power.