Register your Costa Rica company in the same day!

 

Our experienced team of corporate and legal consultants can offer a variety of additional services related to the incorporation.

 

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Our Commitment to you:

  • Deliver your Costa Rica Company within 2-3 weeks
  • Secure you tax optimisation
  • Offer value for money services with no hidden costs
  • Prompt, professional and individual service at all times
  • Assist with opening an offshore bank account – funds can be controlled remotely via Internet. Credit cards are available
  • Provision of mail forwarding address
  • Full confidentiality

costa-rica-company-formation

 

 

 

Parameters to Consider

  • Confidentiality and anonymity
  • Very high level of privacy protection
  • IBCs in Costa Rica allow hiring nominee services from lawyers
  • Companies incorporated in Costa Rica are exempt any kind of taxation.
  • They are also exempt from any kind of income tax.
  • IBCs in Costa Rica do not require accounting or financial reports.
  • No auditing is required
  • No requirements on profession or financial standing.
  • Costa Rican IBCs can be conducted from any place of the world.

Costa Rica is one of the most discreet offshore centres in the world and enjoys economic and political stability making it a popular location and tax haven. Its legal system is based on the Spanish Civil Law.

It is a country that is reputed to be the safest and most business friendly of tax havens in Latin America for new businesses, offshore investments and offshore incorporation. Costa Rica treats onshore and offshore businesses in the same way. The basis of taxation is territorial, with both residents and non-residents paying tax which is based on Costa Rican income, while foreign-source income is not taxed.

While Costa Rica is not an offshore financial centre in the traditional sense its favourable tax regime means that it could have been classified as a tax haven some decades ago. Nevertheless it was not until fairly recently that the Government became aware of its tax haven potential and began actively to both legislate for and market this sector of economic activity.

Costa Rica has many characteristics which give it a distinct advantage over other offshore jurisdictions including a perceived onshore jurisdictional status, very low taxes and a fiscal policy which does not discriminate between residents and non-residents for the purposes of taxation.

The tax haven of Costa Rica has a growing offshore banking sector. In the tax haven there are many private and public banks available for setting up bank accounts. The tax haven promoted privacy for offshore bank account holders in Costa Rica.

The country’s biggest low-tax sector is grouped around the Free Zones and other export incentive programmes. These cover a wide variety of industry and service sectors, and especially to the electronics sector.

Basic Characteristics

A typical characteristic of any tax haven in the world is its ability to provide privacy and protection for its clients and Costa Rica does not lack in this area. When incorporating companies in the tax haven of Costa Rica there is no need to make the names of the beneficiary owners known to the registrar of companies. The names of beneficial owners and directors are not filed with the public registry and therefore do not become known to the public thus offering privacy for company owners and shareholders.

Costa Rica has made a name for itself as being one of the best countries in the world to retire to. The tax haven has attracted hundreds of retirees from North America, Canada and other more developed countries. People choose to retire to the tax haven of Costa Rica as they are able to reduce their tax liabilities. Offshore companies incorporated in the tax haven of Costa Rica can conduct business in any country in the world. Costa Rica offshore companies will enjoy tax free trading with the United States of America, China and Canada. Offshore companies can be incorporated by persons of any nationality.

Your company will be incorporated using whatever desired name you choose. We also have a list of approved names for you to choose from should you not have your own approved name.

Our team of specialized corporate consultants will then administer the preparation and filing of all registration forms on your behalf, which will eliminate any excess work from your end. For the incorporation process, it is not a requirement nor necessary for you to travel and incur the extra expenses. All can be arranged from your office.

As part of our due diligence we require proof of identity in the form of a passport copy for all directors and shareholders of the company.

Once we receive the filing confirmation from the authorities, you will be emailed with the registration details. We will then forward all the official certificates and documentation. All of the work is completed by our Firm while you have all of the control.

Companies incorporated in Costa Rica are exempt from any kind of taxation, are empowered to conduct all types of business and may have clients, contractors, suppliers and employees from any country around the World. The process is made simple and with the help of our experts you are able to set up a secure future for your company and its and all its activities.

Directors

A minimum of three directors are required for a Sociedad Anonima, with no restrictions on nationality or residency.

Shareholders

A minimum of two shareholders are required to incorporate a company. However, once the company is incorporated a single shareholder is permitted. Annual general meetings are necessary but may be held anywhere in the world and can be attended remotely, either online or by telephone.

Registered Office

All companies must have a registered office in Costa Rica where all official company documents and correspondents may be served. Our Firm is able to provide the required registered office.

Authorised and Issued Share Capital

The standard authorised share capital is Colones 10,000 divided in to 100 common voting shares of Colones 100 each. 25% of the issued capital must be paid up on incorporation. The capital may be expressed in any convertible currency. The minimum issued capital is one share at par value. Preferred shares and registered (nominal) shares are permitted.

Territorial taxation

So long that the offshore company activities are carried on outside of Costa Rica, the offshore company will not be subject to any income taxes therein. There is no double tax treaties, thus no information exchange regarding the goods and services transferred. There is no reporting or accounting requirements for offshore company in this tax haven.

Note.  In 2012 a new tax of US$ 300 was introduced meaning that new companies incorporated, should pay the above amount on incorporation.

Annual Requirements:

The Company must file a tax return annually irrespective of whether it is liable for pay tax on in its income.

Only ‘Large’ or public companies are required to file annual financial statements with the Registro Nacional and have their accounts audited. All companies must keep accounts at the registered office in Costa Rica. Companies must file tax returns within 2 months and 15 days of the end of the fiscal period. Our Firm will be able to arrange for the safekeeping of all accounting issues and requirements.

 

Note: Shelf Companies are always available for immediate use.

A Costa Rica offshore company has the combined benefits of tax exemption, anonymity, limited liability and privacy protection. With all of those amazing advantages, it’s not a surprise that so many business people choose to incorporate their companies offshore. All of the companies registered in Costa Rica are fully legal and able to conduct their business activities anywhere in the world.

The main advantage of forming a new corporation is that it has limited liability, which in very simple terms means that the inevitable risk involved in daily business transactions, will not affect your personal assets or assets owned by other companies that you control.

Below is a list of some of those benefits:

  • Anonymity
  • Nominee services through lawyers
  • Highest level of privacy protection
  • Limited liability without any paid up capital requirement
  • Legal tax exemption
  • No taxation on any kind of income
  • No accounting requirements
  • No reporting requirements
  • No fees for accountants
  • No auditing
  • No requirements on profession or financial standing
  • Business can be conducted internationally

 

  • Certificate of Incorporation
  • Memorandum & Articles of Association
  • Appointment of First Directors
  • Consent Actions of the Board of Directors
  • Share Certificates
  • Register of Directors and Members
  • Company Seal