Posts In Category

Banking

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

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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

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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

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BankingEconomyReal EstateTaxes

For the most part, people get extremely concerned when they hear the words recession, inflation or devaluation. Do not panic, all of these are natural stages of the economic cycle that every country has to go through over time. While it is important to have some knowledge in macroeconomics to

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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

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