Posts In Category

Banking

MAZE team cyber-attack: is your information compromised?
BankingBusinessSecurity

As you might have heard during the weekend, the Banco de Costa Rica has been under the spotlight due to a cyber-attack on more the 5 million of transactions, which has been granted by the hacker Maze Team, so we would like to provide a summary and quick guide on

Read More
BankingBusiness

Are you looking at opening an account in Costa Rica? I’ll tell you based on my experience what are the options and certain preliminary recommendations for the process. When I got my first job, I saw the need to open a bank account to get my paycheck deposited into. I

Read More
BankingBusiness

Most of you may be familiar with SINPE which is the account number used for wire transfers between accounts from different banks. The BCCR (The Costa Rican Central Bank) is implementing a change for the processing of these wire transfers.  The change will be implemented automatically and will be effective July

Read More
BankingBusinessCorporationsTaxes

The Ministerio de Hacienda (Treasury Department), along with the BCCR (Central Bank) and the ICD (Institute for Controlled Substances) issued a notice on February 22. The notice states the following: “with the objective of facilitating the fulfillment of the obligation that companies have to provide the composition of their social

Read More
BankingImmigration

Just recently Thomas (an immigration client) asked me how he can receive his pension from the US in Costa Rica. I remember seeing brochures at the BCR branches offering the service to receive a direct deposit from the Social Security Administration into a BCR account. He said that people had

Read More