Balloon Payment Makes Seller a Silent Partner

August 22, 2005
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Welcome to the Wild, Wild West. There are prospectors, gamblers, gunslingers, and even saloons, and brothels. One can find gold in them thar hills. Oops, them thar hills are the gold — literally. Yes, all this is referring to Costa Rica. The translation of Costa Rica to English is “Rich Coast.” Spanish conquerors gave the […]

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This Little Piggy Has Gone Electronic

August 8, 2005
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This article is about SINPE. No, it is not a new virus, disease, or pill. It is what is happening to online banking in Costa Rica; a new system that lets anyone transfer money into any account in the country. SINPE, or Sistema Interbancario de Negociación y Pagos Electrónicos is the main payment system for […]

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Transparency Phantom Stalking Bank Info

August 1, 2005
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Accounts are open book to investigators This is a scary story about a phantom called Transparency that is creeping secretly into everyone’s life. Thanks to Transparency, individual and corporate bank accounts are becoming open books for tax investigators from all over the world.

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Condo Creations Provide More Complexities

July 18, 2005
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Watch out for this guy A whole lot of money is being made by those selling condos up and down the coast of Costa Rica. There are as many weird deals. Some condominium projects are skirting the law. This explosion is due to the “Ley Reguladora de Propiedad en Condominio” or condominium law, published in […]

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New Complexities in Case of Dual Citizenship

July 5, 2005
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The Hot Dog Kid likes Gallo Pinto, too! Many well wishers at this year’s Fourth of July celebration offered congratulatory comments regarding my article published in A.M. Costa Rica June 20 titled “Those who choose citizenship have long road.” One such person asked me what I was going to do about the Acts or Conditions […]

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Those Who Choose Citizenship Have Long Road

June 20, 2005
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Dual citizens are torn by mixed loyalties Becoming a citizen of Costa Rica is a long, tedious road. The process is slow and requires patience. Filling out the forms is easy enough, but every document presented to el Tribunal Supremo de Elecciones or Supreme Court of Elections is put under a microscope to see if […]

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Being Too Nice Can Backfire On Any Employer

May 30, 2005
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Labor courts generally side with employees Many business owners have found out here in Costa Rica that if they give an inch their employees will take a mile. They must act fast to pull in the reins, particularly after a recent landmark court decision. The labor court said that if an employer does not correct […]

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