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Economy

BusinessEconomyReal Estate

Perhaps you are aware of it because of Sandra Cauffman’s crucial role at NASA as an specialist in Electrical Engineering and Physics; or because of the recent recognition by the World Health Organization for its initiative aimed towards collecting licenses for both current and future technologies that detect, prevent and

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Moratorium or Suspension of the Payment of Municipal Patents
BusinessEconomyPropertyTaxes

On May 20th, 2020, Mr. Carlos Alvarado, President of Costa Rica, signed a Law that seeks to alleviate local taxpayers as well as the financial management of the municipalities affected by Covid-19. It is a law that gives taxpayers the ability to request an extension on the term to pay

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BusinessEconomyGovernment

Update, July 9, 2020: The Customs Office (Aduanas) extended until August 18, 2020, the validity of the Temporary Import Permit for vehicles (land, air, and water vehicles) that have a temporary import certificate. This applies to all those vehicles that entered Costa Rica after December 17, 2019, and whose certificate

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What the virus has taught us so far
BusinessEconomy

The virus has quickly turned the world upside-down, changed our social habits, work routines and specially the way we do business. Some of the most significant key learning areas we should be paying attention to are: Consuming habits: people have changed and redefined their needs and what they consume. Changes

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RENEGOTIATION OF CONTRACTS IN THE CASE OF FORCE MAJEURE
BusinessEconomyReal Estate

Due to the current state of emergency declared in Costa Rica because of the COVID-19 pandemic, questions have arisen regarding whether it is possible to renegotiate contracts instead of terminating them. If a business is facing financial difficulties, those businesses should ensure that contracts are not terminated and that renegotiations

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