HOW THE ESCrOW SErVICE
WOrkS IN COSTa rICa
Fund Management
With over 20 years of experience in the market, we are experts in managing funds for real estate transactions, construction projects, property purchases, and investments in Costa Rica.
Our advisory services provide an added layer of security through a bilingual, clear, personalized, efficient, and comprehensive process. Legal Escrow & Trust Osa ensures compliance with all regulations and the necessary transparency to safeguard your assets.
We understand and share the importance of protecting the assets of everyone investing in Costa Rica, offering you the peace of mind you deserve.
Escrow Service
An escrow contract provides buyers and sellers with peace of mind during a property transaction. It is the most prudent choice when acquiring real estate in the Costa Rican paradise.
This mechanism is ideal for non-residents planning to purchase property in Costa Rica, streamlining processes like opening a bank account and making initial or final payments.
As your escrow agent, we safeguard the buyer's guarantee for the seller. The funds are only released once all contractual agreements have been fulfilled.
Real estate transactions in Costa Rica often involve a guarantee or down payment, which remains securely held by our team until all conditions are met and the funds are transferred to the seller.
Trusts
Guarantee
Trust
This contract transfers an asset to the trustee, who can sell it in the event of the debtor’s default. This allows the creditor to cover the outstanding debt by fully or partially canceling the unpaid amount.
The guarantee trust is a tool to protect and safeguard certain assets, ensuring they can be executed extrajudicially in the event of a delay in payment.
Administrative
Trust
Our team offers this type of contract, where assets or rights are transferred to us as trustees for management. The products or earnings generated will be allocated according to the purposes established in the trust agreement.
This trust functions similarly to a management mandate; however, the key difference is that the trustee acts in their own name rather than as an agent acting on behalf of the principal.
Testamentary Trust or Estate Planning
Companies and investments have an almost unlimited lifespan. Protecting them over the long term is a significant responsibility and one in which we can assist.
Our team has extensive experience in receiving assets as trustees and executing them according to the testator’s final wishes before their passing.
As a testamentary executor, the trustee becomes an institution ensuring execution with experience, technical capacity, moral integrity, and permanent duration.
The beneficiary can rest assured knowing their rights and benefits under the testamentary trust will be properly managed and distributed.
contact
LOCATION
UVITA
Uvita, Osa, Puntarenas, in front of Ebais, brown building, second floor.
Phone: 2100-3887
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