Bringing PMs into Costa Rica

[Tim Cramer]

Jason,

I wondered if you had any information on bringing precious metals into Costa Rica. I’m talking about a small amount, under 500 ounces. It would be in coins, such as Mexican pesos, etc. Do you know if they can be brought in and what duties would need to be paid on arrival?

Thanks,
Tim

[Country Expert john michael arthur]

Hi Tim,

I am International Livings Central Valley Correspondent, Jason has changed roles and is now a roving editor and not based in CR currently.

It is my understanding that any monetary instrument(s) with a value of $10,000 must be declared. By declaring, you open the balance over $10k to duty. According to this website – http://www.dutycalculator.com/dc/185838341/business-industrial/gems-jewellery/gold-monetary-forms/import-duty-rate-for-importing-monetary-gold-from-united-states-to-costa-rica-is-5/ – that is 5% for Costa Rica.

Best of luck,
Greg

[Author]

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