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Visa for Costa Rica
Immigrate to Costa Rica: Visa Requirements per Country In this guide about immigrate to Costa Rica, we offer essential information regarding visas to visit Costa Rica, distinguishing between various visa types and shedding light on temporary and permanent residency application processes. Costa Rica Attorneys by the U.S. and U.K. Embassy: We are lawyers registered with…
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Companies in Costa Rica
Companies in Costa Rica If you are an investor or planning to start a business in Costa Rica, deciding what type of company you may need is a crucial question. Types of Companies in Costa Rica The Stock Corporation (Sociedad Anónima, S.A.) The Limited Company (Sociedad de Responsabilidad Limitada, LTDA or S.R.L.) The General Partnership…
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Openning a Bank Account in Costa Rica
Opening a Bank Account in Costa Rica: The Complete Guide Foreigners allowed to open a bank account ID + Proof of Income Required for individuals & companies The Costa Rican banking system is robust and modern, offering services for both residents and foreigners. Opening a bank account is essential for receiving payments, paying bills, and…
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6 New Reasons to be a Resident in Costa Rica
Costa Rica is a small Central American country known for its beautiful beaches, biodiversity, and friendly locals. It is also a popular destination for tourists and expats alike, thanks to its low cost of living and high quality of life. With the approval of Law 9996, new incentives were created, which grant exceptional Costa Rica…
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DIMEX Renewal Important Information
It is important to remember that your DIMEX needs to be renewed. Those who have received their residency must renew their DIMEX (Identification Document for Foreigners). It must be renewed within 30 days after expiration, or there is a fine of $3 per month. It is important to understand that the residency can be canceled…
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Reinstaling of dissolved companies
🧾 Reinstating Dissolved Corporations in Costa Rica (Law 10255): Complete Legal Guide On May 31, 2022, Costa Rica enacted Law No. 10255, published in the Official Gazette (La Gaceta No. 100), introducing a legal process for the reinstatement of dissolved corporations. The purpose is to reactivate commercial entities and stimulate the national economy by allowing…
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Law for the Attraction of Investors, Rentiers, and Retirees
ARTICLE 1- Object of the law The purpose of this law is to create the regulatory framework to encourage the attraction of investors, rentiers, and retirees, thus protected by Law 8764, General Law of Migration and Foreigners, of August 19, 2009, to contribute to the Costa Rican economic reactivation in a post-Covid-19 pandemic period. ARTICLE…
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Legal and Tax Implications for Inactive Companies In Costa Rica
In past years it was very common to use inactive companies as a legal structure to protect assets. The foregoing, because it was a corporate figure that was exempt from certain tax requirements, unlike those that develop a commercial activity. Because of the entry into force of the Law on Strengthening Public Finances (Ley de…
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How to Appeal a Property Tax Appraisal in Costa Rica
How to Appeal a Property Tax Appraisal in Costa Rica If your property appraisal in Costa Rica seems unfair or inaccurate, you have the right to challenge it. This guide explains the legal framework, the appeal process, and how AG Legal can help you protect your property rights and avoid excessive tax burdens. Property Appraisals:…
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Double Taxation
Today, commercial activity has become increasingly globalized, with many companies expanding their operations across international borders. When a company operates in multiple countries, a dilemma suddenly arises: where should its income be reported? Where should taxes be paid? Every country has its own tax regulations, and, as per its sovereignty, a company may be required…
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Can a Worker be Fired for Late Arrivals?
Justified Dismissal for Employee Lateness in Costa Rica Can Lateness Lead to Justified Dismissal? In Costa Rica, under Article 81 of the Labor Code, repeated and unjustified lateness can be considered “gross misconduct” and may legally justify dismissal without severance or notice. A single late arrival does not qualify, but multiple documented infractions, combined with…
