Inactive Companies Income Statement
On the 20th of December 2021, the Ministry of Finance issued a statement indicating that as of the 1st of January, 2022, a simplified form ...
Opening a Current Account in Costa Rica
Sooner or later, the investor will always have to deal with the topic of opening a current account in Costa Rica. Banks are authorized by ...
6 New Reasons to be a Resident in Costa Rica
COVID 19 has caused Costa Rica to seek new ways to attract more investors and thus accelerate the economy. Because of the interest of many ...
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 ...
Registry of Shareholders of Legal Entities is Mandatory in Costa Rica
The Law to Improve The Fight Against Tax Fraud (Law N° 9416) obliges legal entities, third party resource managers, nonprofit organizations and private trust, ...
Moratorium of 2 Months to Waive the Fine for Failing the Complience of the Declaration of Ultimate Beneficiary Ownership
This past Wednesday January 29th 2020, the costarrican Congress approved a moratorium of 2 months to waive the fine for those who fail to file ...
The Trust as Protector and Growth Generator of our Heritage
We all make an effort to create our heritage; whether small, medium or large, it deserves proper care and protection, so that our family ...
The Faculty of Municipalities in Costa Rica to Issue Securities
Prior to the enactment of the Municipal Code, by Law No. 7794 of April 30th, 1998, its predecessor Code silent on this possibility. Before ...
Immigration Categories
Immigration Categories in Costa Rica In Costa Rica, there are two types of residency: Permanent residency: This is an immigration status that allows the ...
Companies in Costa Rica
In Costa Rica there are four types of companies: The stock corporation. The limited liability company. The general partnership. The limited partnership. The trading ...