Costa Rica

Costa Rica - SRL/Other jurisdictions

Costa Rica is a country in Central America. By form of government - the republic. The head of state and executive is the president, the legislative power belongs to the unicameral Legislative Assembly.

The name Cost Rica (“rich coast”), according to history, was given by Christopher Columbus from - for a large amount of gold jewelry from the local population. Since the mid-19th century, Costa Rica is an independent state (previously - a colony of Spain, then Mexico) and consists of 7 provinces –Alajuela, Cartago, Guanacaste, Heredia, Limon, Puntarenas, San Jose. The main incomes in the country's budget are brought by coffee exports, as well as the tourism sector.  

Costa Rica adheres to the territorial principle of taxation, and - accordingly - incomes received outside countries are not taxed.

  • Basic information about jurisdiction

    Area – 51.100 sq. кm
    Population – 4.300.000
    Government – republic
    Capital – San Jose
    Official language – spanish
    Official currency – Costa Rica colon (CRC)
    Time zone – GMT – 6

  • Company type

    Sociedad de Responsabilidad Limitada (SRL)

  • Directors of the company

    Quantity: at least one
    Status: individuals only
    Residents: residents of any country
    Information about the directors: only in the Costa Rica business register
    Nominee directors: allowed

  • Shareholders of the company

    Number: at least two
    Status: natural or legal persons
    Residents: residents of any country
    Information about shareholders: only in the Costa Rica Enterprise Register
    Nominee Shareholders: Allowed

  • Secretary Company

    There are no requirements for the position of secretary

  • Authorized capital of the company

    Standard declared capital is 1.000. USD.
    There are no requirements for payment of this capital or part thereof.

  • Company name

    Must end with the words Sociedada Responsibilitada Limitada or the abbreviations "SRL". Registration of titles containing the words "Bank", "Insurance", "Trust", "Assurance", "Imperial", etc., is allowed only with the appropriate licenses.

  • Information about the real owner of the company

    Information about the real owner is submitted only to the registered agent and is confidential.

  • Annual Return

    Requirements for the submission of the annual report is not put forward.

  • Financial Statement

    Requirements for the submission of a financial statement will not be made.

  • Taxation

    Taxation of income received outside of Costa Rica – 0%. 

  • Double tax treaties

    Companies operating exclusively outside Costa Rica are not taxpayers of Costa Rica, and therefore are not subject to the interstate treaties of Costa Rica.

  • The term of registration of a new company

    6-7 business days; The term of receipt of the full package of documents is 5-6 weeks.

  • Acceptance of third-party companies for service FIVECONSULT

    Only in consultation with the previous serving agent in Costa Rica.

  • A set of constituent documents of the company

    All the necessary documents for the work, including an apostilled set of documents and a general power of attorney.

  • "Ready-made" companies

    Buying “ready-made” companies is possible. For information on the availability of ready-made companies for the current day, we suggest contacting FIVECONSULT.
  • FIVECONSULT comment:
    Compared to other offshore jurisdictions, Costa Rica does not actively market its services, so the number of companies operating in the international market is not large and, accordingly, this tool has a certain personality.

    At the same time, Costa Rican companies are a classic tax-free tool, the composition of the documents and the functions of which are the closest companies of Panama.

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