Author: Gonzalo Gutiérrez

Personal Injuries in Costa Rica: What Tourists Need to Know (Legal Help)

Oct 17, 2025 | Criminal Law, Immigration Law

Personal Injuries in Costa Rica: Legal Guide for Tourists & Expats (2025)

Quick take: If you suffered a personal injury in Costa Rica—car crash, zip line accident, boat tour fall, hotel slip, ATV collision—we can hold the responsible parties (tour operators, hotels, insurers, or product suppliers) accountable. We claim your medical care and investigate all evidence, expert reports, and pursue civil damages and, when appropriate, criminal complaints. You focus on healing; we handle the law.

 At AG Legal, we know a vacation injury is more than a case—it’s lost time, changed plans, and real pain. Our job is to restore dignity and obtain compensation from those who failed to keep you safe.

Table of Contents

Author: AG Legal • Reviewed by: Litigation & Insurance Team • Updated: Oct 2025

Personal injury cases we handle

  • Adventure tourism incidents: Zip line accidents, canopy, white-water rafting, surfing lessons, ATV/UTV tours, horseback riding, rappelling, canyoning.
  • Transport & road: ride-share, private shuttles, drunk driving, unsafe vehicles.
  • Hotels & rentals: pool & deck slips, balcony/railing failures, unsafe stairs, food poisoning, falling objects, negligent security.
  • Boating & water: snorkeling/scuba, sport fishing, catamarans, jet skis, docks and marinas.
  • Premises & products: defective gear (harnesses, helmets), contaminated food, faulty maintenance.

Who can be liable in Costa Rica

Liability can attach to tour operators, hotels, property managers, equipment suppliers, subcontractors, and occasionally concession holders. We evaluate:

  • Duty of care & safety protocols: risk briefings, waivers, instructor ratios, weather calls, emergency plans.
  • Equipment integrity: harness certifications, inspection logs, replacement cycles, recalls.
  • Premises conditions: lighting, non-slip surfaces, handrails, signage, lifeguards.
  • Hiring & supervision: training, certifications, criminal/background checks.
  • Insurance cover: existence, scope, exclusions, tender & notice timelines.

What compensation covers

Category Examples
Medical expenses ER, surgery, hospitalization, meds, rehab, prosthetics, follow-ups in home country
Lost income Time off work, reduced capacity, caregiver costs
Pain & suffering Physical pain, scarring, PTSD/anxiety, loss of enjoyment
Travel & logistics Medical flights, lodging changes, family travel, specialized transport
Property damage Phones, cameras, gear, clothing

Civil claims vs. criminal complaints

Most cases proceed as civil claims (damages against private parties and their insurers). When conduct is grossly negligent or intentional, we may combine with or advise on a criminal complaint. Strategy depends on evidence, insurance availability, and your medical timeline. Procedural deadlines apply—contact counsel promptly so we can protect your rights.

Evidence checklist (save this)

  • Incident data: date/time, GPS or address, weather/lighting conditions.
  • Photos/video: scene, equipment, signage, defects, injuries (progress over days/weeks).
  • Witnesses: names, phones, country, short written statements if possible.
  • Operator documents: waiver copies, tour voucher, safety briefing handouts, equipment tags.
  • Medical records: ER report, imaging, prescriptions, discharge summaries, invoices.
  • Expense proof: airline changes, hotel changes, transportation, caregiver time logs.
  • Communications: emails/chats with hotel/operator/insurer—do not admit fault or sign releases without legal review.

Our process: step by step

  1. Investigation: site inspection, expert assessment (engineering, safety, maritime, medical), preservation letters.
  2. Demand & negotiation: comprehensive damages brief with evidence and medical prognosis.
  3. Litigation-ready: if settlement fails, file civil action and coordinate with any criminal matter as needed.
  4. Cross-border recovery: align with your home-country treatment and benefits; structure payouts tax-sensibly.

Working with U.S./U.K. Embassies

We regularly coordinate with the U.S., and U.K. Embassies. We are lawyers certified by both embassies.

“Dangers in Costa Rica”? Myths & realities

  • Myth: Waivers mean you have no claim. Reality: Waivers don’t excuse gross negligence or unsafe practices.
  • Myth: Tourists cannot sue effectively. Reality: Foreigners routinely pursue claims here; documentation is key.
  • Myth: Small operators have no insurance. Reality: Many carry coverage; we also pursue owners and other responsible parties.

Frequently asked questions

What should I do right after a Costa Rica accident?
Get medical care, document the scene, collect witness info, and avoid signing any releases. Contact us so we can preserve evidence.
Can I recover damages if I signed a waiver?
Yes. Waivers typically don’t shield negligence in safety protocols, defective gear, or inadequate supervision.
How long do I have to bring a claim?
Deadlines exist and can be short depending on the claim type. We confirm the applicable prescription periods and file protective actions.
Do you handle zip line accident cases?
Yes. We investigate standards, equipment logs, instructor training, and emergency response to prove fault and maximize recovery.
Can you work with my U.S. lawyer and insurer?
Absolutely. We coordinate with your home-country counsel, providers, and insurers to streamline care and recovery.

Talk to our injury lawyers

If you suffered personal injuries in Costa Rica—hotel, road, ocean, zip line accident, or tour—let us carry the legal burden while you heal.

REQUEST A CONSULTATION

This guide is informational, not legal advice. Case strategy depends on facts, medical prognosis, insurance and current law. Contact us for a tailored assessment.

Opening a Bank Account in Costa Rica for Foreigners & Companies

Oct 16, 2025 | Commercial Law, Immigration Law

Opening a Bank Account in Costa Rica — We Make It Easy for Foreigners, New Residents & Companies

Here’s the truth: Costa Rican banks welcome foreigners—but KYC/AML paperwork can feel overwhelming. Our banking lawyers pre-screen your file, match you with the right bank, prepare you for the compliance interview, and accompany you until your account is live. No guesswork, no back-and-forth.

If you’re investing, relocating, running payroll, or simply tired of paying international fees, a local bank account is essential. We work with non-residents on passports, new residents on DIMEX, and companies setting up treasury. Our role is practical: translate the bank’s language into yours, organize your documents, and make sure approval is not blocked by small mistakes.

Table of Contents

Author: AG Legal • Reviewed by: Corporate & Banking Team • Updated: Oct 16, 2025

Why work with AG Legal (what we actually do)

  • Bank match: We recommend the bank most likely to approve your profile (risk matrix varies by institution).
  • Document pre-screen: We assemble IDs, proof of address/income, and (for companies) bylaws, UBO chart, and source-of-funds narrative.
  • “Mock” compliance interview: We rehearse the questions banks ask (transactions, countries, amounts) so you are ready.
  • Branch accompaniment: A lawyer attends your appointment, helps with Spanish forms, and keeps things moving.
  • Aftercare: We set a compliance calendar so you don’t miss periodic KYC updates that can freeze accounts.

Requirements you’ll need (individual & corporate)

Profile Main requirements
Individual (resident) DIMEX or cédula, proof of address, proof of income (contracts/pay slips/statements), bank KYC form.
Individual (non-resident) Valid passport (+ entry stamp/visa), proof of address (utility/lease), proof of income, KYC form. Some banks ask for home-country tax ID.
Company Good standing certificate, bylaws/shareholder list, legal rep’s powers, UBO diagram + IDs, source-of-funds memo, financials (or projections), tax ID & fiscal address.

Tip: If your documents are abroad, we guide you on apostilles and official translations so the bank accepts them on the first try.

Our lawyer-led step-by-step process

  1. 15-minute intake: We map your goals (personal, business, dual currency, online needs).
  2. Bank selection: We propose 1–2 banks with the highest approval likelihood for your profile.
  3. File preparation: We compile IDs, address, proof of income, and (for companies) corporate & UBO files.
  4. Mock interview: We rehearse answers to typical KYC questions to avoid red flags.
  5. Appointment & accompaniment: A lawyer attends your branch visit and helps finalize onboarding.
  6. Activation & aftercare: We help set up online banking/tokens and add you to our compliance reminder calendar.

Public vs. private banks: who is best for you?

Bank Type Good fit when…
Banco Nacional Public You want stability, wide branch coverage, and payroll/utilities integration.
Banco de Costa Rica (BCR) Public You need government-backed services for SMEs or import/export activity.
BAC Credomatic Private You value strong digital banking and smoother onboarding for foreigners.
Scotiabank Costa Rica Private You prefer an international network and credit products.
Promerica Private You want agile onboarding and modern branches for daily banking.

Fees, timelines & currencies (realistic expectations)

  • Opening fees: often low or waived; minimum deposits typically $20–$100.
  • Monthly fees: small maintenance fees—sometimes waived with minimum balance.
  • Timelines: same-day to 1–2+ weeks depending on KYC complexity and workload.
  • Currencies: CRC (colón) and USD are available for individuals and companies.

Non-residents & digital nomads

You can open on a passport with proper KYC. If you have a Digital Nomad Visa or are applying for residency, bring those records—some banks view them positively. We prepare your income & address evidence and help you avoid phrasing that can slow approval.

Corporate accounts, UBO & compliance

  • We build a clean UBO diagram and collect IDs so onboarding doesn’t stall.
  • We draft a short, bank-friendly source-of-funds memo that answers AML questions up front.
  • We align bylaws/representations so the right signatories pass KYC on the first attempt.

KYC/AML under Law 8204 — what to expect

Banks verify identity, address, and source of funds, and ask about countries, counterparties, and volumes. We rehearse answers and keep your profile updated so your account stays active during periodic reviews.

Frequently asked questions

Can a foreigner open a bank account without residency?
Yes. Most banks accept passports for non-residents with proper KYC (address + income). DIMEX helps but is not always required.
What if a bank declines me?
It happens. We’ll pivot to a different bank and strengthen your file. Each institution has a different risk appetite.
Can I hold USD and CRC?
Yes. Dual-currency accounts are common for personal and corporate needs.
How long will this take?
From same-day (simple personal accounts) to 1–2+ weeks for corporate or higher-risk profiles. Our pre-screening shortens the timeline.

Talk to our banking lawyers — we’ll handle everything

Share your passport or DIMEX, address, and proof of income—we do the rest: bank match, document prep, mock interview, appointment, and activation.

REQUEST A CONSULTATION

This content is informational and does not constitute legal or tax advice. Confirm specific bank requirements and timelines with our team.

Costa Rica UBO 2025: Who Can File & What Changed

Oct 16, 2025 | Commercial Law

Costa Rica UBO 2025: What Changed, Who Can File, and How to Stay Compliant (RTBF)

Quick take: For 2025, Costa Rica tightened beneficial owner disclosure in the RTBF registry. Special powers of attorney (POA) are no longer valid to submit the UBO declaration. Only the legal representative with a Central Bank digital signature or, exceptionally, a person empowered by a general power of attorney (apoderado generalísimo) registered at the National Registry may file. If your legal rep cannot sign, you should grant a generalísimo to your trusted counsel to keep your UBO reporting requirements on track.

Many clients—especially with foreign directors or offshore shareholders—ask who can now submit the RTBF declaration and how to avoid penalties. This article summarizes the UBO 2025 changes, what “special POA exclusion” means in practice, how the generalísimo works, and the exact steps to keep your beneficial owner disclosure (Costa Rica) timely and correct.

Table of Contents

Author: AG Legal • Reviewed by: Corporate & Tax Compliance Team • Updated: Oct 16, 2025

1) 2025 changes at a glance

  • Special POAs excluded: Special powers are not accepted to submit RTBF/UBO. The filing must be done by the legal representative (LR) with a valid digital signature, or by a person under a general power of attorney (apoderado generalísimo) that is duly registered.
  • “Generalísimo” accepted: A general power under Article 1253 of the Civil Code is acceptable, granted by the Legal Representative.
  • Continuity of annual cycle: The ordinary annual declaration window runs each April (common practice: Apr 1–Apr 30), plus updates when ownership changes.

Update on RTBF Filing Powers: Tribunal Ruling on the Temporary Injunction

By resolution of the Administrative Contentious Tribunal, the provisional precautionary measure granted on April 19, 2024—which had ordered the suspension of the third paragraph of Article 5 of Executive Decree No. 44,390-H, Regulation of the Transparency and Ultimate Beneficial Owners Registry (RTBF)—has been dismissed.

The relevant paragraph reads as follows:

“In exceptional and duly justified cases, the legal representative or equivalent may grant a general power of attorney (poder generalísimo) for the filing of the declaration before the RTBF. A General Joint Resolution, as provided in Article 15 of this Regulation, shall establish the procedure and conditions for the registration of such attorney-in-fact.”

Previous Temporary Regime

Until now, the Second Transitory Provision of the General Joint Resolution for the RTBF allowed, while the provisional measure remained in force, that a third party could file the declaration through a general, special, or generalísimo power of attorney, in accordance with the Civil Code, duly authenticated by a notary public.

Current Legal Effect

Following the Tribunal’s ruling, the granting of special powers of attorney for purposes of fulfilling RTBF obligations is no longer permitted.

Henceforth, only the legal representatives of the obligated entities may submit the corresponding declarations.

Exceptionally, a generalísimo attorney-in-fact may file the declaration only when the legal representative does not possess the certified digital signature required to access the RTBF platform.

In Summary

Until a final decision is issued to the contrary, only the legal representative—or, in exceptional circumstances, a generalísimo attorney-in-fact—is authorized to file declarations before the RTBF.

2) Who can file now (and who cannot)

Role RTBF Filing Status (2025) Notes
Legal Representative (president/manager/administrator) Allowed Must use valid digital signature issued by the Central Bank.
Apoderado generalísimo (general attorney-in-fact) Allowed (exceptional route) Requires registered general power (not a limited/“special” POA).
Agent with “special” POA Not allowed Special/limited mandates are excluded for UBO filings.

3) Digital signature & residency considerations

The RTBF platform requires the filer to authenticate with a digital signature certificate issued by Costa Rica’s Central Bank. This credential is generally available to citizens and to foreign residents with DIMEX. If your company’s directors are abroad and lack a digital signature, granting a generalísimo to AG Legal is the most reliable path to ensure timely filing.

4) The “apoderado generalísimo”: scope, cost & registration

  • Scope: A general power under Civil Code Art. 1253 authorizes broad acts of administration/representation. “General powers limited to a type of act” (Art. 1254) are not accepted for RTBF filing.
  • Formality: Must be granted by public deed and registered with the National Registry. Once recorded, the attorney-in-fact may log in and file the RTBF on your behalf.
  • Timing & cost: Inscription times are typically short; registration fees and notarial costs apply. Our team prepares the draft, coordinates signatures (on site or via consulate/apostille), and tracks the inscription until active.

5) RTBF timeline, penalties, and practical compliance

  • Annual window: The ordinary declaration is typically filed during April each year. File updates promptly when ownership or control changes.
  • Penalties & side effects: Non-compliance can lead to fines and operational blocks (e.g., hurdles in banking, registry or licensing processes) until rectified.
  • Our approach: We maintain a single compliance calendar (RTBF, taxes, municipal, labor) so your filings remain synchronized and “transaction ready.”

6) How we file for you (step by step)

  1. Diagnostics: Confirm current LR, board appointments, and signatories; identify whether a generalísimo is required.
  2. Power setup: Draft the apoderado generalísimo deed, coordinate consular/apostille formalities (if abroad), and register it at the National Registry.
  3. UBO data check: Collect ownership/control charts, ID/KYC for natural persons, and review trusts or multi-layer structures.
  4. RTBF filing: Submit via LR’s digital signature or through the registered general attorney-in-fact; capture evidence and acknowledgments.
  5. Ongoing compliance: Calendar annual April filings and event-driven updates; align with tax and corporate governance changes.

7) Frequently asked questions

Is a “special power of attorney” still valid for UBO filings?
No. For 2025 onward, special POAs are excluded. File via legal representative (with digital signature) or a registered apoderado generalísimo.
We don’t have a Costa Rican digital signature—what are our options?
Foreign directors without DIMEX cannot obtain the certificate. The practical solution is to grant a generalísimo so a trusted attorney can file in RTBF.
When is the annual deadline?
The ordinary annual filing window is commonly the month of April. We recommend preparing in Q1 to avoid last-minute issues.
Can AG Legal act as our general attorney-in-fact?
Yes. We draft and register the apoderado generalísimo, gather UBO data, and file the RTBF on your behalf—keeping your registry status in good standing.

8) Sources & official links

  • Tirant Punto Jurídico – Circular DPJ-009-2025 on registering general powers (Aug 2025). Read
  • Ministry of Finance – RTBF resources & reforms (2025). Read

Talk to our lawyers

Need to secure your 2025 and 2026 RTBF filing or appoint a general power of attorney quickly? We set up the apoderado generalísimo, gather UBO data, and file end-to-end—so your operations and banking remain smooth.

REQUEST A CONSULTATION

This content is informational and does not constitute legal or tax advice. Confirm current requirements with your attorney. For complex chains of ownership or trusts, additional documentation may be required.

Buy Land in Costa Rica: Your Legal Guide

Oct 3, 2025 | Real Estate Law

Buy Land in Costa Rica: 2025 Legal Guide & Step-by-Step Closing for Foreign Buyers

Quick take: Foreigners can own property outright in Costa Rica with the same rights as locals—except in the Maritime Terrestrial Zone (ZMT), where use is via municipal concessions. A secure close hinges on registry title checks, municipal land-use (Uso de Suelo), water availability, and (when applicable) environmental screening (SETENA), plus disciplined escrow + notarial recording.

As real estate attorneys at AG Legal, we help foreign buyers complete bankable, clean closings—verifying title, zoning and utilities before funds move. Below you’ll find what foreigners can buy, the step-by-step closing flow, a practical due diligence checklist, and the costs & taxes to budget for.

Table of Contents

Author: AG Legal • Reviewed by: Real Estate & Corporate Team • Published: Nov 22, 2024 • Updated: Oct 3, 2025

What can foreigners buy?

Property Type Can Foreigners Buy? Notes
Residential, Commercial, Agricultural (titled) Yes Same rights as Costa Ricans. Standard due diligence and notarial recording apply.
Beachfront inside ZMT (first 200m) Concession Use via municipal concessions in the 150m “restricted zone”; special eligibility rules apply.
0–50m from high tide No private title This is the public zone; not privately owned.
Corporate ownership Yes Common for asset protection and shared ownership; maintain corporate records and UBO filings.

Property types: titled vs. concession (ZMT)

Titled property is inscribed at the National Registry; you acquire fee simple ownership upon notarial deed and registration. Concession property in the Maritime Terrestrial Zone (first 200m from the shore) grants use and enjoyment under a municipal concession in the 150m restricted zone; eligibility, terms and permitted uses are set by law and municipal plans.

Step-by-step: secure closing

  1. Identify property with a reputable local agent and request preliminary docs (folio real, plano catastrado, HOA/condo bylaws if any).
  2. Hire an attorney–notary to run full title and red-flag checks before you sign or wire.
  3. Registry title search (owner of record, liens/encumbrances, easements, annotations) and cadastral match (location, area, boundaries).
  4. Sign a purchase agreement (price, conditions precedent, who pays which costs, escrow instructions).
  5. Escrow: fund a supervised escrow; funds release only after successful recording at the Registry.
  6. Closing: notarial deed is executed; your ownership is registered at the National Registry.
  7. Post-close: obtain updated registry certification; update utilities/HOA; calendar taxes and compliance.

Due diligence checklist (what we verify)

  • National Registry: chain of title, liens/encumbrances, pending annotations, mortgages, easements, litigation flags; condo/HOA bylaws where applicable.
  • Plano catastrado: boundary/area match and site access; resolve overlaps or discrepancies before LOI.
  • Municipal “Uso de Suelo”: permitted uses, setbacks, height/coverage, special zoning overlays.
  • Water letter (AyA/ASADA): availability of potable water/service feasibility (critical for building permits).
  • Environmental (SETENA): determine whether screening/viability (e.g., D1) is triggered for your project.
  • Site risks: access rights, flood/topography, protected areas, shoreline setbacks (if coastal).
  • Deal mechanics: escrow terms, closing cost allocation, notarial formalities, corporate structuring if buying via company.

Costs & taxes (high level)

Expect transfer taxes and registry stamps on conveyance, notarial fees, potential escrow fees, and ongoing municipal property tax. Professional services (legal, survey, environmental) and VAT may apply to certain services. We model a transparent cost sheet early so you can budget accurately.

Documents to prepare

  • Buyer KYC (passport/IDs; corporate docs & UBO if buying via company).
  • Escrow onboarding (source-of-funds statements as required by AML/KYC).
  • Drafts: bilingual LOI/SPA if needed; Spanish controls for legal validity.
  • Closing: notarial deed, tax/stamp payment forms, and registry filing.

Frequently asked questions

Can foreigners own land outright in Costa Rica?
Yes—foreigners enjoy the same property rights as locals for titled property. Inside the Maritime Terrestrial Zone (first 200m from the shore), use is typically via concessions granted by municipalities.
Do I need everything in Spanish?
Yes. For legal validity, closing documents are prepared in Spanish (we can attach English translations for clarity).
Is escrow necessary?
Strongly recommended. We structure funds-in-escrow → registry confirmation → funds release to protect both parties.
What due diligence is essential?
Registry title & encumbrances, cadastral match, municipal land-use, water availability, and environmental triggers (SETENA). For condos/HOAs: bylaws, budgets, and compliance.
How much are closing costs and taxes?
They vary by price and structure. You’ll face transfer taxes/stamps, notarial and escrow fees, and ongoing municipal property tax; VAT may apply to services. We provide a tailored cost sheet at LOI.

Talk to our real estate lawyers

Want a clean, bankable purchase with zero surprises? We run the full checklist, structure escrow, and record your title at the Registry.

REQUEST A CONSULTATION

15 Common Costa Rica Investing Mistakes Foreign Investors Make in Costa Rica (and How to Avoid Them)

Sep 29, 2025 | Commercial Law, Real Estate Law

15 Common Costa Rica Investing Mistakes — and How to Avoid Them (2025 Legal Playbook)

Costa Rica Investing Mistakes Quick take: Costa Rica is a rule-of-law jurisdiction with predictable registries and permitting—if you structure correctly, check zoning and water availability before buying land, respect coastal concession rules, and keep up with taxes and transparency (RTBF/UBO). Our team sets up entities, vets properties, and builds compliance calendars so your project stays bankable and sale-ready.

As corporate and real estate counsel at AG Legal, we routinely identify Costa Rica investing mistakes and rectify preventable errors that cost foreign investors time and money. This guide outlines the top 15 pitfalls we encounter when forming entities, purchasing property, or launching projects in Costa Rica, along with a step-by-step plan to ensure success the first time.

Table of Contents

Author: AG Legal • Reviewed by: Corporate, Real Estate & Tax Team • Updated: Sept 29, 2025

The 15 most common mistakes (and how we fix them)

  1. Buying first, due-dilencing later. Always verify title chain, liens/encumbrances, cadastral match, and condominium bylaws at the National Registry before committing funds.
  2. Skipping municipal “Uso de Suelo”. A municipal land-use certificate confirms permitted uses, setbacks, height, coverage, and other restrictions. Don’t close without it.
  3. No water, no permit. For buildable land, you usually need a water availability certificate (AyA/ASADA) or equivalent to advance permits.
  4. Ignoring environmental screening. Depending on project type and location, SETENA may require environmental assessment (e.g., D1). Build this timeline into your critical path.
  5. Overlooking coastal concession rules (ZMT). The first 200m from the shore are subject to special concession rules and eligibility limits; structure ownership accordingly.
  6. Using outdated entity models. Choose between an S.R.L. (member-managed) or S.A. (board/share structure) based on control and banking needs; register digitally and keep corporate books tidy for lenders and buyers.
  7. Forgetting UBO/RTBF filings. Companies must report beneficial owners (RTBF) and update changes to avoid fines.
  8. VAT assumptions from home country. Standard VAT (IVA) is generally 13%; model this into pricing and budgeting.
  9. Underestimating closing taxes & stamps. Transfers of real estate carry a 1.5% transfer tax (plus stamps/fees). Budget early.
  10. Ignoring annual property tax. Municipal property tax is generally 0.25% of the registered value (plus potential luxury-home surcharges).
  11. Improper legal representation for banking. Banks apply AML/KYC rules; draft bylaws and powers so signatories clear compliance smoothly.
  12. Hiring before registering as an employer. Register the company with CCSS (social security) and secure mandatory INS Workers’ Compensation coverage.
  13. Mixing personal and corporate use of property. Keep minutes, service agreements, and fair-market rents to avoid tax and governance headaches at exit.
  14. Poor escrow discipline. Use supervised trust/escrow and split closing: sign SPA with conditions precedent → fund escrow → record transfer → release funds on registry confirmation.
  15. No compliance calendar. Missed filings (RTBF, municipal licenses, tax returns) lead to fines and blocked transactions. We built a single, centralized calendar for all deadlines. This is one of the biggest Costa Rica investing mistakes.

Company formation: best-practice checklist

  • Choose the right vehicle: S.R.L. (membership quotas) vs. S.A. (shares & board). Think control, investor entry, and bank preferences. Incorporate digitally, then open corporate bank accounts.
  • Governance that works: Appoint reliable local legal reps; define signing powers, profit distributions, and transfer restrictions in bylaws.
  • Transparency: Prepare to disclose Ultimate Beneficial Owners (RTBF), keep a compliance binder (charter, bylaws, UBO confirmations, ID/KYC, tax IDs).
  • Licenses & notices: Depending on activity, register with the municipality (patent), tax authority, and sector regulators as applicable.

Real-estate due diligence (zoning, water, environmental)

Land is “bankable” when its legal feasibility is clear. For buildable parcels, we verify title & plans at the National Registry, request the Uso de Suelo certificate, obtain a water availability letter (AyA/ASADA), and analyze whether the project must obtain SETENA environmental viability (D1, etc.).

Special case: coastal & concession properties (ZMT)

The first 200 meters from the shore form the Maritime Terrestrial Zone, split into a 50m public zone and a 150m restricted zone. Only municipalities grant concessions in the restricted zone, and eligibility limitations apply (e.g., specific foreign-ownership/residency rules). Structure ownership with care before you commit capital.

Taxes & transparency essentials

  • VAT (IVA): Standard rate is 13% on most goods and services. Model cash-flow and pricing accordingly.
  • Real-estate transfer: 1.5% transfer tax plus stamps/fees on property transfers—budget at LOI stage.
  • Annual property tax: Generally 0.25% of registered value (municipal). High-value homes may face additional “luxury” tax.
  • RTBF (UBO) filing: Required under transparency rules; we coordinate filings and updates.

Labor, social security & workplace insurance

Before hiring, register as an employer with the CCSS (social security) and obtain mandatory INS Workers’ Compensation (Riesgos del Trabajo). Both are standard compliance steps for employees on payroll.

Misconception Reality (Costa Rica)
“If the seller shows me a deed copy, I’m safe.” You need current registry and cadastral checks, not copies. Use the National Registry’s official records.
“I can buy beachfront and build right away.” Coastal (ZMT) land follows concession rules; foreigners face eligibility and structuring limitations.
“Permits will figure themselves out.” No water availability → no building permit; environmental screening may be required (SETENA).

How to invest in Costa Rica the right way (step by step)

  1. Choose the vehicle: S.R.L. vs. S.A.; draft bylaws for banking/AML; appoint legal reps with clear powers.
  2. Open compliance files: Tax ID, municipal license (if applicable), RTBF/UBO preparation and calendar.
  3. Property pre-screen: Registry/cadastral review, Uso de Suelo, water availability letter, environmental trigger check (SETENA).
  4. Deal mechanics with escrow: SPA with conditions precedent → fund escrow → record transfer → release on registry confirmation.
  5. Budget taxes and fees: VAT (13%) on services, transfer tax (1.5%) on property, municipal property tax (~0.25%/year).
  6. People & payroll: CCSS employer registration and INS workers’ comp before first hire.
  7. Operational cadence: Compliance calendar (RTBF, tax, municipal), quarterly legal health checks, board minutes, and vendor contracts.

Frequently asked questions

Can foreigners own property outright in Costa Rica?
Yes, outside the Maritime Terrestrial Zone (ZMT) restrictions. Inside ZMT (first 200m), you deal with concessions and special eligibility rules.
What due diligence is essential before buying?
Title/encumbrances & plan match at the National Registry, municipal Uso de Suelo, water availability letter, and, if applicable, SETENA environmental screening.
What are the headline taxes?
VAT 13% on most services; 1.5% transfer tax on property conveyance; approximately 0.25% annual municipal property tax.
Do we need to report Ultimate Beneficial Owners?
Yes—RTBF, filed via the Central Bank platform, with penalties for non-compliance.
When can we hire staff?
After registering as an employer with CCSS and activating the mandatory INS Workers’ Compensation policy.

Talk to our lawyers

Planning to form an entity, purchase property, or launch a project in Costa Rica? We’ll structure, diligence, and permit your investment end-to-end to avoid Costa Rica investing mistakes.

REQUEST A CONSULTATION

Company Formation in Panama (For US Investors) – Step-by-Step Guide, Costs, Banking & Tax

Sep 26, 2025 | Commercial Law

Quick Take

  • Best for: US owners seeking territorial taxation, privacy, and global operations.
  • Popular entities: Sociedad Anónima (S.A.), Sociedad de Responsabilidad Limitada (SRL), and Private Interest Foundations (PIF) for asset-holding.
  • Timeline: 3–10 business days for incorporation; banking KYC may add 1–3 weeks.
  • Ongoing costs: Annual government Tasa Única, resident agent, and basic compliance.
  • US angle: Panama uses territorial tax; US persons remain subject to US tax/reporting.

Intro

Panama has become a leading hub for international company formation, thanks to its territorial tax system, efficient corporate laws, strategic location, and mature banking sector. This guide explains—in plain English—how US investors can incorporate in Panama, open bank accounts, understand taxes and compliance, and choose the right structure for cross-border business or asset protection.

Why Panama for US Investors

  • Territorial taxation: Foreign-source income is generally not taxed in Panama.
  • Efficient incorporation: Streamlined corporate law, fast processing, English-friendly service.
  • Strategic location: Global logistics hub with robust professional and banking services.
  • Asset protection: Mature jurisprudence for corporations and foundations.
  • Operational privacy: Reasonable confidentiality balanced with modern KYC/AML standards.

Entity Types: S.A., SRL & Foundations

S.A. Sociedad Anónima

Panama’s classic corporation. Flexible share structure, directors (typically 3), and broad corporate purpose. Ideal for trading, services, holding companies.

SRL Sociedad de Responsabilidad Limitada

Limited liability company analog. Member-managed, quotas instead of shares, typically fewer disclosure formalities. Attractive for closely held operations.

PIF Private Interest Foundation

Not a company, but a civil-law vehicle used for asset holding, succession planning, and ring-fencing. Often paired with an S.A./SRL.

Tip: For operating businesses, start with an S.A. or SRL. Use a Foundation for asset protection or inheritance planning.

Minimum Requirements & Documents

  • Owners Individual or corporate shareholders/members (US or foreign).
  • Directors/Managers S.A. typically 3 directors; SRL has managers/representatives.
  • Registered Office Mandatory local attorney/resident agent in Panama.
  • KYC/AML Passports, proof of address, professional/bank reference (case-dependent).
  • Name & Purpose Due diligence on name availability and activity scope.

Step-by-Step: Incorporation Process

  1. Structuring: Choose S.A., SRL, or Foundation and define share/quotas and roles.
  2. Documents: Provide KYC (passport, proof of address, references where applicable).
  3. Drafting: Articles of incorporation / foundation charter prepared by counsel.
  4. Filing: Registration with the Public Registry; obtain corporate ID.
  5. Post-incorporation: Corporate book kit, resolutions, and—if needed—licenses.
  6. Banking onboarding: Prepare enhanced KYC/business profile and open accounts.

Banking & KYC in Panama

Panama banks apply rigorous KYC/AML. Expect to show:

  • Passport(s) and proof of address for UBOs, directors, and signatories.
  • Company documents, ownership chart, and source of funds/wealth.
  • Business plan or activity description (invoices, contracts, website helpful).

Timeline: 1–3 weeks on average, depending on profile and bank workload. Remote onboarding may be possible case-by-case.

Taxes: Panama vs US Considerations

  • Panama: Territorial system—foreign-source income generally outside scope. Local source income taxable.
  • US Persons: US tax/reporting still applies (e.g., CFC/GILTI, Subpart F, PFIC, FBAR/FATCA as applicable). Coordinate with US CPA.
  • Withholding & Treaties: Panama has treaties; analyze per transaction flow and counterparties.

This is general information, not tax or legal advice. Always obtain Panama and US tax counsel before acting.

Costs & Timelines

  • Incorporation Typically 3–10 business days after KYC approval.
  • Gov. fees Registration and annual Tasa Única.
  • Professional Varies by entity type, banking assistance, and urgency.

Ongoing Compliance

  • Resident Agent & Registered Office: Maintain continuously.
  • Annual fees: Pay Tasa Única and agent fees.
  • Books & Resolutions: Keep corporate records up to date.
  • Economic substance: Assess per activity; align contracts, invoicing, and management where relevant.
  • Licenses: Obtain sector-specific licenses if operating locally.

Common Use-Cases & Structures

Global services company

S.A. or SRL billing non-Panama clients (foreign-source income).

Holding company

S.A. holding shares in foreign subsidiaries or IP.

Asset protection

Foundation owning investment accounts or real estate SPVs.

Trading hub

S.A. coordinating suppliers and customers internationally.

Talk to a Panama Company Formation Attorney

We’ll map your ideal structure, timeline, banking strategy, and US coordination.

FAQs

How long does incorporation take?

Typically 3–10 business days after KYC approval. Banking may add 1–3 weeks.

Can US citizens legally own Panama companies?

Yes. Panama allows foreign owners. US persons must still comply with US tax/reporting.

What is the difference between an S.A. and an SRL?

S.A. is a corporation with shares and board of directors; SRL uses quotas and is often more closely held. Choice depends on governance, investor profile, and banking preferences.

Do I need to visit Panama?

Often not for incorporation; banking may require in-person identity verification depending on the bank and profile.

What are typical ongoing fees?

Annual Tasa Única, resident agent, and corporate maintenance. Amounts vary by structure and services included.

Costa Rica Corporate Tax 2025 (Law 9428): Rates, Deadlines & Penalties

Sep 19, 2025 | Commercial Law, Taxes

Corporate Tax on Legal Entities in Costa Rica (Law No. 9428): 2025 Rates, Deadlines, Penalties & Practical Guide

Quick take: All Costa Rican legal entities—active or inactive—must pay the annual Corporate Tax under Law 9428. The amount depends on income brackets tied to the official base salary (₡462,200 for 2025). Pay by January 31 to avoid interest, registry restrictions, and potential dissolution after three consecutive unpaid years.

This guide explains who must pay, the 2025 rates, the deadline and how to pay, plus penalties and an annual compliance checklist. It’s designed for international investors and companies evaluating Costa Rica’s corporate tax on legal entities under Law 9428.

Table of Contents

Author: AG Legal Costa Rica • Reviewed by: Corporate & Tax Team • Updated: Sep 19, 2025

Who must pay?

  • Commercial corporations (S.A., S.R.L., partnerships, limited companies).
  • Branches of foreign entities or their legal representative in Costa Rica.
  • Individual limited liability enterprises (E.I.R.L.).

Triggering event: The tax accrues on January 1 each year, or on the incorporation date if registered during the fiscal year.

2025 rates and amounts

Rates are percentages of the official base salary (salario base). For 2025, the base salary is ₡462,200.

Entity / condition Calculation base Rate Amount 2025
Not registered with the Tax Administration (inactive entities) Base salary 15% ₡69,330
Registered with gross income ≤ 120 base salaries Base salary 25% ₡115,550
Registered with gross income > 120 and ≤ 280 base salaries Base salary 30% ₡138,660
Registered with gross income > 280 base salaries Base salary 50% ₡231,100

Gross income brackets are measured in base salaries from the prior period; amounts shown are the percentage applied to ₡462,200.

Deadline & how to pay

Final date without surcharges: January 31, 2025.

  1. Confirm company status (active/inactive; gross income bracket).
  2. Log into your online banking and locate “Impuesto a las Personas Jurídicas”.
  3. Enter the corporate ID and confirm period 2025.
  4. Check the correct amount (table above) and pay before January 31.
  5. Save the receipt for your accounting records.

If incorporated in 2025, the first payment is pro-rated from the registration date.

Penalties and registry effects

  • Interest and surcharges from February 1.
  • National Registry restrictions (e.g., certain filings or certifications blocked until payment).
  • Dissolution after three consecutive unpaid years (Law 9428, Art. 7). Re-registration requires payment of all arrears, interests, and penalties.

Annual compliance checklist

  • 📌 Determine prior-year gross income bracket (≤120, 120–280, >280 base salaries).
  • 📌 Verify status with the Tax Administration (RUT & ATV).
  • 📌 Pay before January 31.
  • 📌 Archive receipt and accounting support.
  • 📌 Review other filings (e.g., income tax D-101 when applicable) and corporate representation validity.

Frequently asked questions

What is the “base salary” and why does it matter?
The official legal parameter used for fines and this tax (Office Clerk I). For 2025 it is ₡462,200; rates apply as percentages of this figure.
Do non-profits pay this tax?
The obligation targets commercial companies, branches, and E.I.R.L. entities. Liability depends on legal form and registration.
Can I pay after January 31?
Yes, but interest and penalties apply. After three consecutive unpaid years, the company faces dissolution.
If I incorporated mid-year, do I pay the full amount?
No. The first-year payment is proportional from the National Registry registration date.
How do I determine my bracket?
Use the prior year’s gross income to classify ≤120, 120–280, or >280 base salaries.

Talk to a tax lawyer

Need help paying, classifying your bracket, or regularizing past years? Our team handles payments, arrears, and registry procedures.

REQUEST A CONSULTATION

Private Interest Foundation Panama

Aug 25, 2025 | Commercial Law

Private Interest Foundation in Panama: 2025 Legal Guide for Families, Businesses, and Asset Protection

Quick take: A Panama Private Interest Foundation is a civil law structure for wealth management and estate planning. Its assets are legally separate from the founder and beneficiaries. It is not used for direct commercial operations, but it can hold shares in operating companies. Management lies with the Foundation Council, and an optional Protector may supervise key decisions. The structure is subject to Panama’s AML/CFT and FPADM regime.

In this clear, up-to-date guide we cover the key features, legal advantages, governance roles (Founder, Council, and Protector), limitations, compliance, and the steps to establish a private interest foundation in Panama. The goal is to help international investors, families, and businesses—especially in the United States—evaluate whether this structure fits their asset protection and succession planning strategy.

Table of Contents

Author: AG Legal Panama • Reviewed by: Corporate & Wealth Planning Team • Updated: Aug 25, 2025

What is a Panama Private Interest Foundation?

A Private Interest Foundation is a civil law structure created by a foundation charter for asset management and planning. It is not a commercial corporation nor an Anglo-American trust, though it shares certain wealth planning goals. The design enables legal segregation between the foundation’s assets and the personal assets of the founder and beneficiaries, so the foundation’s assets do not respond to personal liabilities of the founder or beneficiaries.

Benefits and common uses

  • Asset segregation: foundation assets constitute a separate estate from the founder/beneficiaries.
  • Succession planning: designate beneficiaries and distribution rules (letters of wishes, bylaws, guidelines).
  • Flexible governance: a Foundation Council with generally at least three adult members; one or more Protectors may be appointed.
  • Multi-jurisdiction reach: may hold assets in different jurisdictions and own equity in companies.
  • Confidentiality & purpose focus: not intended for direct commercial profit; prioritizes long-term wealth goals.

For legal purposes, the foundation’s assets form a separate estate. Generally, they cannot be subject to attachment, garnishment, or precautionary measures for personal debts of the founder or beneficiaries; however, they can respond for the foundation’s own obligations, for damages arising from the execution of its purposes, or to satisfy legitimate rights of beneficiaries.

Foundations are not used for direct commercial activities. They may, however, hold interests in companies that carry out business operations. They are subject to the Republic of Panama’s AML/CFT and FPADM compliance framework.

Who can establish it and with what initial assets?

One or more natural or legal persons may establish a foundation—directly or through representatives—while complying with legal formalities. An initial endowment (affected to the purposes of the charter) is required. The initial estate may be increased over time by the founder or by third parties. (Specific amounts and formalities should be confirmed on a case-by-case basis.)

Governance: Founder, Council, and Protector

  • Founder: the individual or company that creates the foundation and makes the initial contribution.
  • Foundation Council: responsible for administration; as a general rule, at least three adult members. A company may act as founder and as the sole member of the Council (corporate model).
  • Protector(s): supervises and may intervene in Council actions; can be granted voting rights over certain decisions.
  • Beneficiaries: those who may receive benefits under the foundation’s purposes and rules.
  • Key documents: Foundation Charter and, if desired, Bylaws / letter of wishes with private instructions.

Compliance and transparency (AML/CFT – FPADM)

Private interest foundations fall within Panama’s AML/CFT and FPADM framework. Appropriate due diligence, ultimate beneficial owner verification, and any periodic obligations must be addressed. Local legal advice is essential to define processes and supporting documentation.

Permitted and prohibited activities

  • Permitted: wealth administration; holding shares/interests in companies; investments; donations and philanthropic aims.
  • Not permitted (directly): commercial operations for profit. For operating businesses, the foundation may own a separate operating company.

Quick comparison: foundation vs. trust vs. corporation

  • Private Interest Foundation (civil law): assets affected to purposes; asset segregation; Council/Protector governance; succession and administration focus.
  • Trust (common law): fiduciary separation; a trustee with fiduciary duties; widespread in common law jurisdictions.
  • Corporation: created for commercial profit; not designed for estate planning (limited liability rules apply, but purpose differs).

How to set up a Private Interest Foundation in Panama (step by step)

  1. Define purposes and beneficiaries: wealth objectives, distribution rules, and governance guidelines.
  2. Choose name and Founder(s): individual(s) or company; appoint the Foundation Council (or a company) and Protector(s) if applicable.
  3. Draft the charter and, where appropriate, the Bylaws / letter of wishes.
  4. Provide the initial endowment allocated to the foundation’s purposes (future increases are possible).
  5. Registered agent and filings with the relevant authorities.
  6. Compliance: set up due diligence processes, UBO verification, and supporting documentation.
  7. Governance & controls: Council protocols, Protector’s powers, and internal records.

Frequently asked questions

Do foundation assets respond for the founder’s or beneficiaries’ personal debts?
Generally, no. The foundation estate is separate and does not respond to their personal liabilities.
Can the foundation carry out commercial activities?
Not directly. It may, however, hold shares in companies that perform the commercial activity.
Who manages the foundation?
The Foundation Council (generally at least three adult members). A Protector may be appointed with supervisory powers and, in some cases, voting rights.
Who can establish it?
One or more natural or legal persons, directly or through representatives, subject to legal formalities.
Is it subject to AML/CFT?
Yes. Appropriate due diligence and applicable obligations under Panama’s AML/CFT and FPADM framework must be observed.

Speak with our lawyers in Panama

Want to determine whether a Panama Private Interest Foundation fits your family or business planning? Our team offers end-to-end advice.

REQUEST A CONSULTATION

Registry of Shareholders in Costa Rica

Jun 5, 2025 | Commercial Law

Registry of Shareholders in Costa Rica: 2025 Legal Guide for Companies

The Registry of Shareholders in Costa Rica is a mandatory annual disclosure for all active legal entities, overseen by the Central Bank of Costa Rica, under Law No. 9416. It verifies shareholder identity and ownership via the Central Directo platform.

📌 What Is the Registry of Shareholders?

This registry (RTBF) collects and verifies identities and ownership percentages of shareholders and ultimate beneficial owners (UBOs) through the Central Directo platform.

Who Must File?

  • Corporations (S.A.) and Limited Liability Companies (S.R.L.)
  • Branches of foreign companies
  • General and limited partnerships
  • Trusts and private legal entities registered with the National Registry

When to File in 2025

  • Annual Filing: April 1 – April 30, 2025
  • First-time filing: Within 20 business days from registration
  • Ownership changes: Within 15 business days

Penalties for Non-Compliance

Fines may reach up to 2% of gross income (minimum 3 base salaries, max 100 salaries). Non-compliance restricts corporate certifications and legal standing.

⚠️ Important for Foreign Investors

Companies with foreign shareholders or complex structures must disclose Ultimate Beneficial Owners (UBO). Legal guidance is strongly recommended for compliance.

How AG Legal Can Help

Visit our Corporate Law Services for:

  • ✔️ Shareholder and UBO analysis
  • ✔️ Legal digital signatures (Firma Digital)
  • ✔️ Filing via Central Directo platform
  • ✔️ Legal representation through Power of Attorney

📋 Ready to File Your Registry of Shareholders?

Let our legal experts handle your filing quickly, accurately, and securely.

📞 Contact Us Now

Company Name in Costa Rica: Key Changes Law 10729

Jun 3, 2025 | Commercial Law

📌 Company Name in Costa Rica: What Changed in 2025?

Registering a company name in Costa Rica is no longer mandatory when incorporating a Sociedad Anónima (S.A.) or a Sociedad de Responsabilidad Limitada (S.R.L.).

Law no. 10729 is applicable as of 30 May 2025, which has already been published.

This reform modifies the Commercial Code of Costa Rica. Instead of a name, the National Registry assigns a unique corporate identification number (cédula jurídica) as the official identifier.

✅ Why Was the Company Name Requirement Removed?

The company name in Costa Rica had become a formal step with limited value due to frequent name duplication, delays, and higher registration costs. Law 10729 was introduced to simplify the process and eliminate unnecessary steps.

🔄 Company Name in Costa Rica: Before vs. After the Reform

🔙 Before 🔜 After
Registering a company name was optional. Company name is no longer required for S.A. or S.R.L.
Name had to be unique and checked for duplicates. Companies are identified by a corporate ID number.
Publication in La Gaceta was mandatory. No edict publication is required.

Now, instead of the name of your company, you must register your commercial name that works as a trademark, which is the correct way to protect your intellectual property before third parties, a process in which AG Legal has a specialised department.

📄 Can You Still Use a Company Name in Costa Rica?

Yes. Even though it’s not required, you can register a commercial name (nombre comercial) through the Intellectual Property Registry to protect your business identity legally and commercially.

Benefits of registering a commercial name:

  • Protects your brand in the market
  • Prevents third-party use of similar names
  • Improves customer trust and recognition
  • Enables legal enforcement of name rights

📰 Is Edict Publication Still Required?

No. According to Article 92 of the National Registry Regulation, when using a corporate ID number instead of a company name, no edict publication is required in La Gaceta.

⚠ Who Still Needs a Company Name?

  • Entities regulated by special laws (e.g., banks, financial institutions)
  • Foreign branches (Articles 226–233 of the Commercial Code)

📂 What About Companies Already in Process?

Companies with documents signed before May 30, 2025, may continue using the traditional format including a company name, until registration is finalized.

🖥 Updates to Online Platforms

Platforms such as Trámite Ya and CrearEmpresa are expected to update their systems. Check whether these forms still request a company name before submitting.

💬 Official Publication in La Gaceta Law 10729

Here is the official publication of Law 10729, see its scope of the day: Official Publication

🛡 Recommendations for Business Owners

  • Register a commercial name with the Intellectual Property Registry
  • Use “S.A.” or “S.R.L.” in all legal documents
  • Verify if your sector requires a company name by law
  • Avoid unnecessary publication costs in La Gaceta

💬 Frequently Asked Questions about Company Name in Costa Rica

Is a company name required to register a business in Costa Rica?

No. Since May 30, 2025, company names are no longer required for S.A. or S.R.L. registrations in Costa Rica. A corporate ID number is now used as the legal identifier.

Can I still use a company name in Costa Rica?

Yes. You can still register a commercial name with the Intellectual Property Registry to protect your brand legally and strategically.

Do I need to publish an edict in La Gaceta?

No. If you don’t use a company name, the edict publication is no longer required, saving time and money during incorporation.

Who is still required to use a company name?

Entities regulated by special laws (like banks) and foreign branches must still include a legal company name under the Commercial Code.

What happens with companies registered before May 2025?

Companies already in process before May 30, 2025, are governed by the previous law. No modifications are required unless changes are made.

🤝 Need Help Navigating the Reform?

At AG Legal, we guide local and international clients through:

  • Incorporating businesses under Law 10729
  • Registering commercial names and trademarks
  • Corporate compliance and legal due diligence

Mandatory Email Registration Costa Rica: Law 10.597

Jun 2, 2025 | Commercial Law

📬 Mandatory Email Registration for Corporate Entities in Costa Rica (Law No. 10.597)

Starting June 4, 2025, Costa Rica will require email registration for companies as a mandatory legal step under Law No. 10.597. This reform obligates all legal entities—new or existing—to register an official email address with the National Registry for receiving legal and administrative notifications.

This measure, supported by Directive DPJ-002-2025 and published in La Gaceta No. 98 on May 30, 2025, is a critical shift toward digitalization and corporate compliance in Costa Rica.

📌 Why Email Registration for Companies Matters

This new regulation is part of Costa Rica’s strategy to modernize its corporate legal framework. By making email registration for companies a legal requirement, the country aims to streamline judicial and administrative communications, reduce delays, and eliminate outdated notification methods.

You can access the Law in this link: Official Law 10597

✅ New Company Formation: Email Required Immediately

All companies incorporated after June 4, 2025 must include a valid email address in their articles of incorporation. Omitting this requirement will result in a registration rejection by the National Registry.

🚫 Email omission = registration error

If the official email is not included in the incorporation documents, the process will be legally invalid until corrected.

🕒 Existing Companies: One-Year to Comply

Companies already registered have until June 4, 2026 to complete their email registration. This must be done through:

  • A public deed executed by the legal representative or general attorney
  • The protocolization of a shareholders’ meeting resolution

📰 Mandatory Gazette Publication

Since this update modifies the corporate charter, an official notice must be published in La Gaceta.

At AG Legal we help you with this official publication.

💼 Key Legal Changes in Law 10.597

  • Email registration for companies becomes a binding legal requirement
  • The resident agent role is eliminated (its inclusion will be considered a registration defect)
  • Email address must be stored exactly as stated in the legal document

💰 Exemptions from Fees

If the only change being filed is email registration, no stamp duties or registration fees will apply. However, if additional amendments are included, regular costs will be assessed.

🛡️ Responsibilities of Companies and Legal Representatives

  • Ensure the email is valid, active, and accessible
  • Verify the spelling and format before filing
  • Clearly declare in the deed that the email will be used for official notifications
  • Handle future changes through proper legal channels

❗ What Happens If You Fail to Register?

As of June 5, 2026, companies that have not completed their email registration will be unable to process any further filings. All requests will be rejected until the registration is corrected.

📋 Best Practices for Compliant Email Registration

  • ✔ Double-check that the email address is spelled correctly
  • ✔ Confirm the email is monitored regularly by authorized personnel
  • ✔ State explicitly in legal documentation that the email is for notifications under Law 10.597
  • ✔ Update promptly if the email changes in the future

If you need more information about the type of companies in Costa Rica, you can find it here: Companies in Costa Rica

🚀 Moving Toward Digital Compliance in Costa Rica

Email registration for companies is more than just a new requirement—it’s part of Costa Rica’s evolution toward digital efficiency in corporate governance. It enables faster, traceable, and secure communications between businesses and public authorities.

🤝 How AG Legal Can Help

At AG Legal, we guide local and international companies through:

  • Email registration under Law 10.597
  • Compliance with Costa Rica’s corporate regulations
  • Business formation, restructuring, and legal updates

📩 Need help with your company’s email registration?

Our legal experts will handle the entire process and ensure your business complies with Costa Rican law.

Contact AG Legal

Lawyers in Costa Rica: Real Estate, Immigration & Corporate Specialists

May 28, 2025 | General

🇨🇷 Lawyers in Costa Rica: Real Estate, Immigration & Corporate Specialists

At AG Legal, we provide strategic legal solutions for foreign investors, expats, retirees, and entrepreneurs relocating or doing business in Costa Rica. Our attorneys combine deep local expertise with international standards, ensuring you receive reliable, personalized service every step of the way.

🔍 Why Hire a Lawyer in Costa Rica?

Whether you’re buying property, applying for residency, or starting a business, the Costa Rican legal system can be complex. A knowledgeable attorney helps you:

  • Avoid legal pitfalls and ensure compliance.
  • Protect your assets and investments.
  • Simplify immigration procedures.
  • Incorporate and operate your business legally.

💼 Our Legal Services

🧱 Real Estate Law

We conduct full due diligence, title verification, contract drafting, and registry processes to protect your real estate investment.

🛂 Immigration Law

Whether you’re applying as a pensionado, rentista, investor, or digital nomad, we streamline your residency application with precision.

🏢 Corporate Law

We guide entrepreneurs and corporations in business registration, shareholder structures, compliance, contracts, and ongoing legal support.

🔗 Useful Links for Foreigners in Costa Rica

📚 FAQs About Attorneys in Costa Rica

Do I need a lawyer to buy property in Costa Rica?

Yes. An attorney ensures clear title, prepares contracts, and handles due diligence to prevent fraud or ownership disputes.

Can AG Legal help me get residency?

Absolutely. We manage all immigration filings for retirees, digital nomads, investors, and families relocating to Costa Rica.

Is it hard to start a company as a foreigner?

Not with the right legal guidance. We help you incorporate quickly, meet all tax requirements, and protect your liability.

Ready to Invest, Relocate, or Launch a Business in Costa Rica?

AG Legal is your trusted partner for legal certainty in real estate, immigration, and corporate law.


📩 Contact Our Legal Team