Costa Rica

 Costa Rica

Official Name: The Republic of Costa Rica

Capital:               San José

        Spanish

Currency:          Costa Rican Colón (CRC)

 

OUR SERVICES;                                  

  • Consultation (in person, online, phone)
  • Helping to prepare your documents
  • Start to finish your company registration process
  • Immigration services

Costa Rica

Costa Rica, with a population of about 5 million, is geographically located in Central America and its capital is San Jose. It borders Nicaragua to the north and Panama to the southwest. The highest point of this country is Cerro Chirripo peak with 3819 meters height. It is the fifth highest peak in Central America.

 

General Questions 

How long to set a company up?
4 weeks to 6 weeks

Can a foreign investor own 100% of a company in Costa Rica?
Yes.

 

The benefits of company registration in Costa Rica

  • Costa Rica is bilingual ( English & Spanish)
  • Member of the world trade organization (WTO)
  • Only 4 people are needed to form an S.A (President, Secretary, Treasurer, Controller)
  • Privacy and anonymity shareholders
  • Short period of incorporation
  • Low Taxation in Costa Rica
  • Free Trade with many countries

 

The disadvantage of company registration in Costa Rica

  • Long process of obtaining a manufacturing license (including 17 methods and time 135 days)
  • High Taxation
  • The legal action and enforce judgement can take 852 days to undertake.
  • Resolving insolvency takes around 3 years.
  • long bureaucracy in settling bills and invoices are commonplace in Costa Rica

 

Type or company registration in Costa Rica

  • The limited liability company
  • The limited partnership
  • The general partnership
  • The stock corporation
  • Foreign Branch

The company registration process 

  • Apply for official registration to the Companies Registration Office
  • Determine the official name and obtain a license
  • Preparation of the company’s articles of association containing the following information:

Name
Company type
Company goals
The subject of the company
Names of shareholders
Names of company managers
The amount of shares of the company
Address

  • Register at the Companies Registration Office and get the exclusive company number
  • Opening bank account 
  • Public announcement of company registration in a legal newspaper in Costa Rica
  • Payment of legal fees for company registration
  • File a case with the tax office
  • Forming a file in the insurance office for personnel