The state has guaranteed absolute inviolability of property for several centuries. There are also
no wars, revolutions and major disruptions in the country.
Costa Rica was the first state in Latin America to adopt a democratic system. The country has a Spanish legal system (based on Roman law), an open economy state with a free trade agreement with the United States of America, etc.
choosing a country
choosing a bank
payment (by any method)
bank account opening
The region is used by major entrepreneurs, owners of insurance companies and banking structures to do business without having to pay mandatory taxes. Low taxation, the possibility of obtaining tax exemptions: a favourable environment for production development. The key advantages of registering a company in Costa Rica should be considered:
According to current Costa Rican legislation, the incorporation of such companies is available to foreign persons:
The company's members are liable for the company's obligations only to the extent of their contribution to the company's share capital. There are restrictions on the number of participants. This is considered to be the most popular form for company registration in Costa Rica.
The company's shareholders contribute share capital, to the extent of which each shareholder is liable for the company's obligations. There are restrictions on the number of shareholders, as well as on the free circulation of shares on the market.
The company must have at least two shareholders at the time of registration. Following registration, it can have any number of shareholders with no citizenship restrictions.
The liability of shareholders is limited to the amount of their capital contribution.
The board of directors manages the company and must consist of at least three members (president, secretary and treasurer) and an auditor. If the legal representatives do not reside in Costa Rica, the company must appoint a legal representative to receive notifications on behalf of the company as its resident agent. There are no restrictions regarding the nationality of directors or shareholders.
There is no limit to the number of shareholders in this type of company. There are no restrictions regarding the circulation of shares on the stock market.
A general partnership involves at least two partners who jointly carry out activities for profit. The rights and obligations of partners are governed by the Partnership Agreement. Partners in the general partnership are personally liable for the debts and other obligations of the partnership. general partnership are personally liable for the debts and other obligations of the partnership.
In a limited liability partnership, there are two types of partners: general partners, who are personally responsible for the obligations of the partnership, and limited partners, whose liability is limited to the amount of their contribution agreed in the Partnership Agreement.
The specific details of the incorporation procedure are as follows:
For tax purposes in Costa Rica, the determining criterion is not the residence of the tax subject, but the place where the income is earned. Income in Costa Rica is taxed on a territorial basis, which means that any income earned outside Costa Rica is exempt from tax.
Only profits made on the territory of Costa Rica are taxed.
The standard income tax rate in Costa Rica is 30%.
There are also reduced tax rates: 20% and 10%, depending on the amount of profit.
The standard capital gains tax rate in Costa Rica is 15%.
VAT (Impuesto de Valor Agregado -IVA) was introduced in July 2019. The standard VAT rate in Costa Rica is 13%. The standard rate of 13% applies to most goods and services in Costa Rica. In addition to the standard VAT rate, there are also three reduced rates, namely 4% (health services, airfare), 2% (private educational services, medicines) and 1% (household goods).
The tax on royalties is 25%.