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 ...
Re-registration of dissolved companies
On Tuesday, May 31st, 2022, through the Official newspaper, The Gazette Number 100, the Re-registration of Dissolved Companies Law was published. This recently approved bill ...
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 ...
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 ...
Tax Crime in Costa Rica
The current COVID 19 situation has left us with a lot of unprecedented changes and has forced us to adapt to a series of ...
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 ...
Double Taxation
Nowadays, commercial activity has become globalized and many companies have extended their operations across borders. When a company operates in several countries the dilemma ...
Important Aspects of the Corporate Taxes Law N°9428 (Costa Rica)
Field of application To all corporations, to the representatives or branches of foreign corporations and to LTDA/SRL companies; it applies to both the corporations ...