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 jurisdictionArea – 51.100 sq. кmPopulation – 4.300.000Government – republicCapital – San JoseOfficial language – spanishOfficial currency – Costa Rica colon (CRC)Time zone – GMT – 6
Company typeSociedad de Responsabilidad Limitada (SRL)
Directors of the companyQuantity: at least one div>Status: individuals only div>Residents: residents of any country div>Information about the directors: only in the Costa Rica business register div >Nominee directors: allowed
Shareholders of the companyNumber: at least twoStatus: natural or legal personsResidents: residents of any countryInformation about shareholders: only in the Costa Rica Enterprise RegisterNominee Shareholders: Allowed
Secretary CompanyThere are no requirements for the position of secretary
Authorized capital of the companyStandard declared capital is 1.000. USD. Div>There are no requirements for payment of this capital or part thereof.
Company nameMust 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 companyInformation about the real owner is submitted only to the registered agent and is confidential.
Annual ReturnRequirements for the submission of the annual report is not put forward.
Financial StatementRequirements for the submission of a financial statement will not be made.
TaxationTaxation of income received outside of Costa Rica – 0%.
Double tax treatiesCompanies 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 company6-7 business days; The term of receipt of the full package of documents is 5-6 weeks.
Acceptance of third-party companies for service FIVECONSULTOnly in consultation with the previous serving agent in Costa Rica.
A set of constituent documents of the companyAll the necessary documents for the work, including an apostilled set of documents and a general power of attorney.
"Ready-made" companiesBuying “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.