When buying property in Costa Rica, some investors choose to purchase it through a corporation rather than directly in their personal name. This approach can offer certain advantages, such as simplified transfer processes and potential liability protection. However, it also introduces unique challenges, particularly when it comes to conducting proper […]
This article is a brief introduction to the legal system in Costa Rica as it pertains to owning a corporation, this avenue of law has its own regulations and jurisdiction. Legal books are essentially the company records that contain the information of the shareholders, their agreements, how the capital is divided, […]
Ensuring your company is in good standing with government guidelines means complying with all required business regulations. These compliance requirements arise when you establish your company, along with the responsibilities you must uphold. To help you stay organized, we’ve summarized the mandatory annual obligations your company needs to meet. Given […]
All companies established as corporations with legal address in Costa Rica are required to submit every April, the annual declaration of the Registry of Transparency and Final Shareholders Beneficiaries through the Central Bank (BCCR). Companies have to do this through their legal representative. This requirement consists of a declaration that the […]
There are certain responsibilities that must be fulfilled in order to have a healthy working relationship between every employer and his employees, this is usually the rule all around the world and Costa Rica is no exception. The Labor Code broadly regulates the relationship between employer and employees and clarifies […]
Starting a business is different in every part of the world due to the particular challenges you may come across, in addition each country has a business culture that is important to understand and Costa Rica is no exception. One of the most important things we must do before we […]
A corporation is the legal person whose purpose it is to carry out commercial acts subject to commercial law. A commercial company has a nominative nature where there is an obligation and there is a subsequent application of that contribution to achieve an economic goal. Companies originate when two or […]
A Sociedad or Business Association is a contract between a minimum of two individuals or legal entities in which the parties define the terms and conditions that will regulate a particular and independent business venture. A minimum of two individuals or legal entities are required to set up a Sociedad […]
A corporation is an agreement or contract made by nationals or foreigners through which they mutually commit themselves to contribute capital (money, goods, etc.) in general to create a business. While it is true, it is not the only reason why people create a corporation, we must determine when it is necessary […]
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