Posts In Category

Business

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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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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Costa Rican work slang
BusinessCultureLiving

Where there is a group of people there is culture. Culture can be defined as a set of values, norms and meanings transmitted from one generation to another. People look and understand the world through culture. Therefore it is important for businesses to be aware of the culture they are

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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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BusinessLandlord/TenantReal EstateTourism

The Costa Rican Congress introduced a bill to regulate non-traditional lodgings such as AirB&B or VRBO.   The Proposal The proposal for the law intends to regulate the short-term rentals or vacation rentals. It will be applicable to various types of properties, whether it is a home, an apartment, villas,

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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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BusinessReal EstateTaxes

With less than a month until Law 9635  (Law for Strengthening Public Finances) comes into effect, we have received a lot of questions and concerns regarding the implementation of the new law on day to day living. The simplest way to explain the upcoming changes could be through a modest

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BusinessGovernmentTaxes

Under Law 9635, Law of Strengthening of Public Finances, published in La Gaceta on December 4, 2018, which establishes the validity of the implementation of VAT as of July 1 of 2019, we inform you of the following: New Value Added Tax (VAT) VAT taxes all sales of goods and

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Business

When purchasing a business, the buyer must learn about all factors of the business in order to determine if the purchase is a sound investment. The process to learn these factors is called Due Diligence, which basically means doing your homework on the business. Scope of Due Diligence Varies Depending

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