Living in Costa Rica

Cost Of Living – They like to blame it on Costa Rica.

I have heard so many complaints about the inflation in Costa Rica with many expats blaming the Costa Rican government and/or the Banco Central de Costa Rica for the rising cost of living. These grand theories are patently untrue and come from the minds of those who do not understand economics at its simplest levels.

Banks in Costa Rica – The majority are very stable and solid.

Banco Nacional, Banco de Costa Rica and Citibank did not agree to provide their exact figures however, Banco General, Cathay, Popular, Improsa, Bansol, HSBC, Scotiabank and Bancrédito have levels in excess 14%.

Crime in Costa Rica. Murders down 18 per cent in first five months of 2011

The province with the largest number of homicides continues to be San Jose, which accounts for about 40 percent of the cases, followed by Limon, with 23 percent. 15 percent took place in Puntarenas, Alajuela, 9 percent, 5 percent in Heredia with Cartago and Guanacaste at 4 percent each.

Applying For A New US Passport? With this new proposed form, submit a birth certificate like Obama’s and you won’t get a new passport!

If you’re adopted, were born at home with a midwife or can’t remember every single job you have ever had and can’t write down the addresses of every single place you’ve ever lived, you may have serious trouble getting a new USA passport if you are asked to complete this new “proposed” form.

World Bank Economic Advisor Shahid Yusuf Speaks on Costa Rican Competitiveness

But infrastructure needs to grow, particularly in comparison to a country like Malaysia. Costa Rica can count large multinationals as investors, but has a dearth of local firms. Costa Rica has good business services, but wooing foreign direct investment in correct sectors along with a focus on improving education will be crucial.

IBM To Invest US$300 million in Costa Rica Creating 1,000+ New Jobs

The announcement was made by President Laura Chinchilla, who called the IBM initiative as “the most significant foreign investment in Costa Rica in the last 13 years and the largest ever in the field of services.”

US$619 Penalty For Using A Cellphone While Driving

Having made a zillion telephone calls per day whilst working on Wall Street I don’t actually like using the telephone any more and it’s no exaggeration to say that I’ve probably only used my cellphone while driving twice this YEAR because I knew that it is illegal and that the fines are steep…

How A Kidnapper Chooses His Victim.

I was startled to read that in 2010 the United States was ranked sixth in the world for “kidnapping-for-ransom” crimes according to the available statistics (after Columbia, Italy, Lebanon, Peru, and the Philippines).

Paragon Properties of Costa Rica – Third Amended Class Action Complaint Filed June 2011

This lawsuit arises from a massive land fraud orchestrated by a number of individuals and the entities they controlled. The exact details of the fraud remain hidden, but, upon information and belief, the Plaintiffs know the following facts based upon the deposition testimony of William Gale and documents obtained…

Who Are The Most Common Kidnappers of Gringos in Costa Rica? The answer may surprise you.

“The kidnapping situation in the Central American countries Nicaragua, El Salvador, Honduras and Guatemala is relatively quiet, albeit that the number is definitely growing in the last three countries. Moreover, the kidnapping practices in these countries are closely related to the rising crime in the major cities.”

Comparing Costa Rica Real Estate Prices and Global Property Prices.

In some areas – especially along the Pacific coast which experienced the most stratospheric price increases during the boom – real estate prices have declined but in other areas, especially in the Central Valley area which surrounds the capital city San José where there is a lack of quality real estate product available – prices have remained remarkably stable.

Bank of America in Costa Rica – “Endless Opportunities.”

In a large, English language newspaper advertisement in La Nacion where the Bank of America logo is positioned inside what appears to be a diamond engagement ring, the words “and they worked happily ever after” and “endless opportunities in the finest financial services company in the world” might taste a little bitter in the mouths of the tens of thousands of employees of Bank of America in the USA who have been laid off or, should we say “divorced” by the company?

Costa Rica Banks Closing Your Account Without Notice

Getting back to Costa Rica, in the last few weeks one major bank beginning with the letters C-I-T-I has closed hundreds of accounts because they believed they did not have the up to date information about the account holder.

10 Stupid Things Private Investigators Watch Gringos Doing in Costa Rica!

If you are married and you’re trying to be discrete about an extra-marital relationship in Costa Rica, think twice before you load up the photographs of your new girlfriend in your new apartment in Costa Rica on your Facebook page! Remember there are professionals like me who work for your wives in the US and this is making my life just way too easy.

Investing in Costa Rica – Wall Street Offshore

In years gone by, I specialized in showing my non-US investment clients how to invest offshore safely, privately and profitably in some of the world’s best offshore mutual funds and top ranking hedge funds. Many of these proven strategies were later outlined in my first book ‘Costa Rica Guide To Making Money Offshore In Bull And Bear Markets.’