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, […]
When we talk about compliance with the obligations of your company, it means being in good standing with the established guidelines provided by the government. The business compliance requirements are acquired when you create a company, where you also obtain responsibilities. That’s why we summarize the mandatory annual obligations of […]
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 […]
As we previously reported, the Registry of Transparency & Final Beneficiaries registry requirement for corporations is a mandatory requirement that will come into effect in September 2019. We have compiled a basic guide of what will be required to complete the update, you can review the checklist below. Please keep […]
Obligation to comply updating the shareholder’s registry for corporations start next September 2019. Here is what you need to know: Overview: The Shareholder’s registry requirement for corporations is a mandatory requirement that will come into effect in September of 2019 as per resolution N° DGT-ICD-R-14-2019 from the General Director of Taxation […]
La Gaceta issue from April 3rd, published a notice stating the new deadlines for filing the registration for shareholders. As you may know, it is required to file with the Central Bank of Costa Rica (BCCR) a list of the shareholders owning more than 15% of the shares of any […]
As many of you know, the Costa Rican government has a big debt problem and is in the process to increase the revenue through numerous means, one of the them is to improve the income tax on corporations and people. In addition, the country is attempting to join the Organization […]
The Ministerio de Hacienda (Treasury Department), along with the BCCR (Central Bank) and the ICD (Institute for Controlled Substances) issued a notice on February 22. The notice states the following: “with the objective of facilitating the fulfillment of the obligation that companies have to provide the composition of their social […]
Starting on January 1st, 2019, it is required for corporations to report with the Revenue Service (Ministerio de Hacienda) a list of shareholders who have more than 15% of the shares of the company. The report must be provided between March 1st and December 31st 2019 according to the […]
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