Company registration in Costa Rika

About Costa Rika

Costa Rika is translated from Spanish as «rich coast». This is small country in the Central America, located in the Isthmus connecting the North and the South America. The Northern part of the country borders with Nicaragua, south-east – with the Panama Republic. Costa Rika has access to the Pacific Ocean and the Caribbean Sea.

Costa Rika is member of the United Nation Organization and Organization of American countries. The main aim of the state’s international policy is encouragement of continuous development of human rights and freedoms for the save of stability and further growth.

Country economy is based on tourism, agriculture, manufacture and export of electronic devices. The main features of the country are political stability, qualified human resources and tax privileges, which make its more attractive for the international investments.

legislation

Basic rules and requirements regarding registration and activity of companies in Costa Rika contained the Commercial Code, Law No. 3284.

Types of companies

Joint Stock Corporation is one of the most popular form of the company.

Company registration in Costa Rica: REQUIREMENTS

JOINT STOCK CORPORATION (SA):

Company names - shall obligatory include the following abbreviation S.A., «Sociedad de Responsabilidad Limitada», Ltda, Limitada, SRL or LLC.
Minimum quantity of shareholders – 2 individuals or 2 legal entities. The company shall keep a shareholders register compulsory. Public register contains information only on initial company’s founders. Further transfer of corporate rights is reflected only in company’s register signed by the company’s director.
Minimum quantity of directors – 3 individuals: president, secretary, treasurer. No residency requirement for them. Nominal service is allowed.
The company shall have residential registration agent responsible for all incoming correspondence addressed to the name of the company.

TAXATION

Tax laws of Costa Rika are based on the territorial principle – profit from commercial activity outside of the country are tax exempt.

CURRENCY CONTROL

Not applicable.

DOUBLE TAX AVOIDANCE AGREEMENTS

Costa Rika is not the party of any double tax avoidance agreements. The state signed with the USA the treaty about tax information exchange for the such purposes, as: tax law compliance and fight against tax dodging.

Особенности

Costa Rica has long since moved beyond being a tourist destination and has become one of the most convenient options for international business. Registering a company in Costa Rica means simple rules, stability, and a tax system that doesn't try to take half of your profits. This is why business in Costa Rica is rapidly growing, and foreign entrepreneurs feel extremely comfortable here.

The jurisdiction is flexible and accommodating: companies can operate worldwide, receive income from outside the country, and avoid paying taxes on profits earned outside the country. This is precisely why offshore companies in Costa Rica are so prized by owners of e-commerce, IT, consulting, and holding companies. Minimal bureaucracy and clear corporate governance, which saves time, are also a plus.

Another bonus is the country's good reputation. Costa Rica is not blacklisted by the EU and is considered a transparent and safe jurisdiction. This means you get the benefits of an offshore jurisdiction without the unnecessary risks. If you're looking for a convenient and secure entry point into global markets, this country functions as a well-tuned business tool.

If you are planning to open a company in Costa Rica, please contact our lawyers for advice:

+38 (098) 737-88-88

We will help you buy an offshore company in Costa Rica or in any other jurisdiction on the most favorable terms.

The cost of registering a company in Costa Rica is formed individually for each business case, get the final price in our commercial offer.

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