Posts Tagged

doing business in Costa Rica

BusinessEconomyGovernment

During this COVID crisis, some people had arrived to the country with their vehicles and are currently stuck without the possibility to leave. The permits for their vehicles have expired and now they are stuck in Costa Rica. The Customs Office from Costa Rica (Dirección General de Aduanas, or simply

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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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BusinessGovernment

We previously discussed the best time to start a business during or after the COVID-19 crisis, if you missed it, click here. Let’s now talk about how to start a business in Costa Rica. Even though the process of starting a business has a bad reputation within the country, it

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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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SUGEF
BusinessGovernmentsugef

The Costa Rican Government has been focusing on improving the regulatory framework for the prevention of money laundering and financing of terrorism for years now. Such attempts have intensified with the publishing of bylaws and guidelines for Law 7786: “Law on Narcotic Drugs, Psychotropic Substances, Unauthorized Drugs, Related Activities, Legitimation of Capital and Financing Terrorism”.
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Business Restrictions April 13-30 2020
BusinessGovernment

Temporary closure of all establishments with sanitary operating permits that provide care to the public, on Mondays, Tuesdays, Wednesdays, Thursdays, and Fridays from 7:00 p.m. to 5:00 a.m. the following day. Full closure of these establishments on Saturdays and Sundays. The above from this Monday, April 13th and until Thursday,

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Work Contract Suspension vs Reduction of Work schedule.
BusinessGovernmentLabor

Work Contract Suspension Reduction of Work schedule What does it mean? Employee: Suspension of his obligation to provide services. Employer: suspension of his obligation to pay salaries. The employer can modify the work contract and reduce the work schedule, if he demonstrates an affectation as a result of COVID19.  How and when these

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Registry of Transparency and Final Beneficiaries 2020 update
BusinessGovernmentTaxes

Per Resolution N° DGT-ICD-R-06-2020 published March 30, 2020, all corporations will now have until September 2020 to comply with the yearly RTFB.  But this is not the only change to the mandatory requirement, please keep reading: Ordinary declaration (yearly):  The obliged corporations will have 6 additional months to comply with the 2020 period (April to September 2020). This requirement will now

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BusinessCorporations

The Costa Rican Business Code allows a number business structures to be created for the purposes of doing business. It mainly makes sense to incorporate if you are planning on running a business. While a business structure may provide some benefits for the average person, primarily while doing estate planning,

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