Posts In Category

Corporations

should i dissolve my corp
BusinessCorporationsTaxes

A corporation is an agreement or contract made by nationals or foreigners through which they mutually commit themselves to contribute capital (money, goods, etc.) in general to create a business. While it is true, it is not the only reason why people create a corporation, we must determine when it is necessary

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Corporations

A moratorium on sanctions has been established for a maximum non-extendable term of 3 months in the 
case of those failing to file the 2019 Registry for Final Shareholder Beneficiary as set out in the Joint 
Resolution of General Supplement for the Regulations on the Registry for Final Shareholder Beneficiary. 

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Tax-Return-on-Inactive-Corporations
BusinessCorporationsTaxes

Per Resolution Nº DGT-R-075-2019, published in La Gaceta on December 20th, 2019, the Ministerio de Hacienda has finally provided a resolution on how Inactive corporations are required to proceed regarding tax returns. See the information below for details. This Applies To: Inactive legal persons (corporations which do not perform profitably).

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BusinessCorporations

Shareholder’s Registry Costa Rica has been working for many years to meet the requirements to join the Organization for Economic Cooperation and Development or OECD. Some of those requirements include having a balanced budget which in part means having a better tax collection system. On December 20th, 2016 the Costa

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BusinessCorporationsSelf Employed

The longer you’ve been an expat in Costa Rica, or the longer you have been researching about Costa Rica while seriously considering moving there, the quicker you will notice that there seem to be endless and confusing amounts of information on how to legally go about your business in the

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CorporationsGovernment

As we previously reported, the Registry of Transparency & Final Beneficiaries registry requirement for corporations is a mandatory requirement that will come into effect in September of 2019. We have compiled a basic guide of what will be required to complete the update, you can review the checklist below. Please

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CorporationsGovernment

Obligation to comply updating the shareholder’s registry for corporations start next September 2019. Here is what you need to know: Overview: The Shareholder’s registry requirement for corporations is a mandatory requirement that will come into effect in September of 2019 as per resolution N° DGT-ICD-R-14-2019 from the General Director of Taxation

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CorporationsPropertyReal Estate

This is a recurring question among expats. We are going to address this issue from two perspectives, from a business perspective and from an expat perspective. Business Perspective Corporations have two primary purposes: To amass capital from different investors or partners for the furtherance of common business goals, and To

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BusinessCorporationsShareholders

La Gaceta issue from April 3rd, published a notice stating the new deadlines for filing the registration for shareholders. As you may know, it is required to file with the Central Bank of Costa Rica (BCCR) a list of the shareholders owning more than 15% of the shares of any

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BusinessCorporationsEducationGovernmentTaxes

The Education and Culture Tax was created by law N° 5923 from 1976 named Taxed for Education and Culture. Certainly, the purpose is to raise funds to support the school system as well as the programs for the Department of Culture. The tax is applicable to domestic corporations (SRLs, SAs,

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