Costa Rica - SRL/Other jurisdictions

The Republic of Costa Rica is one of the seven countries of Central America. The country has a common border with Panama.

The name Costa Rica ("Rich Coast"), according to legend, was given by Christopher Columbus due to the large amount of gold jewellery being owned by the local population.

Costa Rica was formerly a colony of Spain, and then Mexico. It became an independent state around the mid nineteenth century. It is composed of seven provinces being Alajuela, Cartago, Guanacaste, Heredia, Limon, Puntarenas and San Jose.

The basic revenue for the state budget is contributed from coffee export and tourism.

Costa Rica adheres to the territorial principle of taxation. As such, income earned outside the country is not taxed.