Beyond butler service

Luxury travel used to mean butler service at a four-star hotel. Today, it’s owning a condo or a golf villa by the sea.

Wednesday, June 18, 2008

Despite an ongoing debate about the benefits and pitfalls of residential tourism, Central American governments are modifying their fiscal-incentives laws to regulate and grant residential tourism projects the same breaks given to traditional tourism investments and operations. Tax incentives ensure that the massive capital being invested in luxury accommodations and services throughout the region continue flowing. These accommodations include hotels within residential developments, whether they be urban condominiums, or residences near marinas or golf resorts.

More on this topic

The pros and cons of residential tourism

September 2008

Nicaragua and the rest of Central American countries are betting on this new type of tourism to attract significant tourism investment.

Even though he doesn't know it, Michael Altschul is a model "resident tourist." Like others before him, his recent retirement to Nicaragua meant building a house in a luxury development.

Return of Investment in "Second Homes" in Costa Rica

May 2014

The phenomenon is concentrated on the Pacific coast in Guanacaste with buyers mainly being foreigners and locals from the upper middle class.

The area of ​​Tamarindo in Guanacaste's Gold Coast leads sales in 2014 in the real estate market in Costa Rica, helped by the increasing preference of investors for enclosed coastal districts, first class tourist infrastructure with beaches near to Liberia International Airport, and legal certainty for investment in properties.

Panama's tourism development incentives

May 2008

The latest law of incentives created by the panamanian government is Law #58 of December 28 2006, which was implemented to promote tourism development which previously had no incentives.

Under this law any hotel, apart hotel, cabañas, hostel, and time sharing will benefit from this law.

Tax Exemptions in Guatemala

July 2012

Making the distinction between the classifications of exemptions is necessary because associations, foundations and other entities are required to be fiscally solvent in order to keep their status as an exempt entity.

From an Article by Oscar Chile Monroy:

There are several classifications for tax exemptions.

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