[daewoo]

Thank you crtreedude for the information and the link to the wonderful website. It is always great to get information from the horse’s mouth.

Although, we maybe talking at cross purposes on the Costa Rican Resident Investor Status as applies to forestry, or maybe not. I tend to trust your judgment more than someone trying to sell me something.

The information we have recieved concerned a different set of residency laws, i.e. – “Forestry Law, article #70, of Costa Rica, recognizes the Investor status, on a reforestation project, to any person who invests a minimum amount of US$100,000.00 to apply for “Permanent Resident Investor Status” in Costa Rica.

This status carries all benefits and rights that a Costa Rican citizen enjoys with one exception. The individual is not allowed to participate in National elections. This status allows the individual to live and work here in Costa Rica in their chosen field of endeavor.

They are not restricted to working in the field in which the investment has been made. Individual must be present in Costa Rica a minimum of one day a year to have their “cedula” stamped.

The investor has the right to live and work in Costa Rica. The spouse and any children under age 18 have the right to live in Costa Rica. (or children under age 25 if full time students and living with cedula holder)” etc.

The above information (contained in quotes) is being presented by some CR teak investment businesses and at least one CR law firm we contacted. This information may be outdated or perhaps very new, does anyone have any insight?

As far as planting density 1,100 trees/hectare seems to be the consensus on inital planting and 500 tree density at 15 year harvest. Of course the Teak investment firms we have contacted claim the finest foresters, land, climate, and forest culture on the face of the earth. The firms are presenting themselves as “certified” by the CR government and some firms claim international scope. Some firms sell you land and trees, some just trees. One in particular sells “guarenteed” trees. If one of your trees should perish they will replace it with one of theirs.

Like I said, sounds almost to good to be true. But, if it is true, there are several of us more than willing to invest the $100k in what we perceive, at this time. as a BARGIN.

Thank you again for your insight crtreedude and perhaps we might have contact off site, as I doubt Scott would appericate us talking business on his site.

PLEASE – if anyone has some insight to offer, please let us hear from you. We might just be neighbors someday soon. Thanks again to Scott for this wonderful forum.

Don Magee
Spring, TX

[Author]

Posts