Thursday, 14 December, 2017
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Costa Rica
  • 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.

GENERAL INFORMATIONTotal area - 51,100 sq km
Population - 4,300,000
Location - click here to see the map of offshore jurisdictions
Political status - republic
Capital - San Jose
Official language - Spanish
Official currency - Costa Rica colon (CRC)
Time zone - GMT - 6
Company typeSociedad de Responsabilidad Limitada (SRL)
Directors/OfficersSRL companies require a minimum of 1 Director, who must be a natural person. No restrictions regarding a residence country of Directors.
Each SRL company must file information on its Directors with the Register of Enterprises of Costa Rica.
ShareholdersSRL companies require a minimum of 1 shareholder, who may be a natural person or corporate body from any legal jurisdiction.
Each SRL company must file information on its Shareholders with the Register of Enterprises of Costa Rica.
SecretaryThere is no Statutory requirement for a Company Secretary to be appointed.
Authorised share capital Standard authorised capital = USD 10,000.
There is no statutory requirement for capital to be fully or partly paid on incorporation.
Company Names The name of a Costa Rica SRL company must end with the words "Sociedad de Responsabilidad Limitada" or "Limitada" or the suffix "SRL".
Company names containing restricted words such as "Bank", "Insurance", "Trust", "Assurance", "Imperial" etc. will not be permitted unless an appropriate national operating licence has been obtained by the company.
Beneficial Ownership information Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.
Filing of Annual ReturnThere is no requirement to file an Annual Return.
Filing of Financial StatementsThere is no requirement to file Financial Statements in Costa Rica for SRL companies.
Corporate TaxationCosta Rica SRL companies that do not carry on commercial operations in Costa Rica, are not subject to taxation in Costa Rica.
Tax TreatiesCosta Rica SRL companies that do not carry on commercial operations in Costa Rica, are not regarded as resident for tax purposes in Costa Rica, and therefore are not entitled to take advantage of Double Tax treaties concluded by Costa Rica with other countries.
Timeframe for incorporation 6/7 working days. A complete set of company documents can be delivered in 5/6 weeks.
Takeover of management & secretarial services for an existing Costa Rica SRL companyPossible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in Costa Rica.
Description of incorporation documentsClick here for itemised description of company documents.
"Ready-made"("Shelf") companiesToday we have 4 "Ready-made" companies available in this jurisdiction
Price of Costa Rica SRL companyEUR 1,570, including incorporation costs, full domiciliary (Registered Agent/Office) costs, set of documents legalised by Apostille, including General Power of Attorney.
Cost of annual support servicesEUR 980 per year, including annual Government Duty, full domiciliary (Registered Agent/Office) costs, General Power of Attorney for current year.
  • INTERNATIONAL OVERSEAS SERVICES has the following comments: -
  • In comparison to other offshore jurisdictions, Costa Rica does not carry out any active marketing of its services. This means that the number of companies registered in Costa Rica and operating on the international market is not great. As such, this instrument is not widely known.
  • However, Costa Rica companies are a classical tax-exempt vehicle, which resemble closely Panamanian companies in terms of the composition of documents and company management.
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