Registration of companies in Costa Rica
from 315 c.u.
The Republic of Costa Rica (Spanish: República de Costa Rica) is one of the smallest countries in Central America, bordering Nicaragua and the Republic of Panama.
Costa Rica is one of the most developed economies in the world, ranking one of the first in Latin America. That is why, traditionally, many entrepreneurs choose this particular jurisdiction to register a company.
Of the features of the jurisdiction, the following may be unambiguously singled out:
- political and financial stability
- inviolability of property
- Spanish legal system
- free trade with the USA
TYPES OF COMPANIES IN COSTA RICA
- Joint stock corporation
- Individual entrepreneur
- Public limited company
- Limited liability company
- Branch of the company
It should be noted that the choice of the form of doing business is quite wide, both with and without limitation of rights.
IS IT DIFFICULT TO REGISTER A COMPANY?
In general, due to the legislation of the jurisdiction, the process of registering a company is quite simple. However, it is worth paying attention to some details that will help in the future to claim many benefits and bonuses.
HOW LONG DOES IT TAKE TO REGISTER A COMPANY?
The process takes 24 hours.
PECULIARITIES OF AN OFFSHORE IN COSTA RICA
Depending on the form of ownership, you can highlight its characteristic peculiarities.
- Capital obtained outside the jurisdiction is not taxed
- No capital gains tax
- Tax is levied only on income that is received in the territory of the jurisdiction
- Existence of free zones and their special benefits
- It is necessary to pay the imputed corporate tax
- There is a need to submit reports
- All document flow is in Spanish
There is a number of other peculiarities that you can learn about during an individual consultation with our lawyers. If necessary, you can also buy an existing company in this jurisdiction.
PECULIARITIES OF COMPANIES’ FUNCTIONING
Limited Partnership
- Capital is distributed among the founders
- There are 2 types of partners – general and limited
- The company is managed in accordance with the Charter
Joint Stock Company — Sociedad Anonima
- Founders – at least two persons
- Shared capital – from 100 USD, represented by registered shares
- Board of directors – from three persons
- Presence of an in-house auditor
Owning a company in Costa Rica provides many benefits for subsequent business immigration. You will receive a residence permit, and after three years you may apply for permanent residence and even for citizenship.
For clarification of issues related to the registration of a company, doing business and all other questions, please contact our specialists.