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First off, hello everyone and thanks for hosting this site Scott!
My wife and I are in the process of winding things down here in Canada and are looking to re-locate to CR this fall.
My question to all of you who reside in CR is if you were to start a business in CR knowing the economy and culture…..what would it be?
We will be doing our due diligence of course but I am interested in hearing feedback from the locals!
s!!
As a Canadian who has lived here for nearly 14 years if I knew what would be a good business, that was sure to be successful I would invest in it myself, and not tell [i]anyone[/i] else…:wink:
Have you visited Costa Rica? Suggest you do this [u]before [/u]you make a move, but especially before you invest in any business or purchase property. Very easy to buy…but very difficult to sell. At least until you have decided that this is the place for you.
[url=https://www.welovecostarica.com/members/cfmbb/messages.cfm?threadid=DFBE2EB0-24E8-5ED2-F18F099E6D348B50]Suggest you red this post.[/url]
And [url=https://www.welovecostarica.com/members/cfmbb/messages.cfm?threadid=FFFFE15B-24E8-5ED2-F1AFF1605F4C91F1]this one,[/url] as you will be required to do this while waiting for your residency application to be completed
I would expect you have read the[url=http://www.costaricalaw.com/Immigration-and-Residency/residency-general-information-and-summary.html] financial requirements[/url] for moving here and already are aware that you [url=http://www.costaricalaw.com/Working-in-Costa-Rica/can-i-legally-work-in-costa-rica.html]cannot physically perform any work[/url] but can manage a business although you can continue to work on-line. In this case, check [i]very[/i] carefully what the internet connection will be, as it varies greatly throughout the country.
Living here is no longer as inexpensive as it used to be, and the price of imported food that you [i]probably[/i] enjoy every day, will likely cost you more.
Of course, if money is not a concern I’m sure you can have a great life here, but take your time and test drive it first.You may not be aware that that if you are intending to apply for residency as a [i]Pensionado[/i],that when you leave Canada as a [url=http://www.cra-arc.gc.ca/tx/nnrsdnts/ndvdls/nnrs-eng.html]”Non-resident for tax purposes” [/url], 25% of your pension(s) as well as other income, will be ‘with held’.
Good luck!
Congratulations!!!
having had multiple businesses here in costa rica and also belonging to a few mastermind buisness groups here. . I can emphatically say this.
Costa Rica is a wonderful place to live and raise a family
but doing business here is terrible.
very general comment yes I agree and this can vary obvious depending on your $$$ thresholds..
I would say DO NOT do it..
re adjust your skill sets and launch an online business.. like people like Scott.. looks at Scotts Model
follow the successful path.. or as some would say follow the money.
Ha!
If you are looking for a good small business you might want to take a look at this article…
[url=https://www.welovecostarica.com/public/4432.cfm]Successful, Well Established Costa Rica Online Business For Sale For US$325,000. Generated $110,000 in net income in 2013. Seller financing will be considered with a minimum of $200,000 down.[/url]
PS. My wife and I will be travelling in Europe (London, Paris, Barcelona, Madrid) for the entire month of June so I’m hoping you guys will behave yourselves …
Scott
congratulations you deserve a holiday
as far as behaving ourselves is totally dependant of Sweikert :D:D:D
[quote=”Scott”]Ha!
If you are looking for a good small business you might want to take a look at this article…
[url=https://www.welovecostarica.com/public/4432.cfm]Successful, Well Established Costa Rica Online Business For Sale For US$325,000. Generated $110,000 in net income in 2013. Seller financing will be considered with a minimum of $200,000 down.[/url]
PS. My wife and I will be travelling in Europe (London, Paris, Barcelona, Madrid) for the entire month of June so I’m hoping you guys will behave yourselves …
[/quote]
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