After hundreds of closings and thousands of hours spent at banks on our clients' behalf, we heard you. Moving large sums of money to Costa Rica for investment or purchase was laborious and exhausting for all parties involved. In response to client demand, Outlier Legal
These are the three most common ways of transferring funds to Costa Rica
The Convention on Mutual Administrative Assistance in Tax Matters of the Organization for Economic Co-operation and Development (OECD)—to which the Republic of Costa Rica has adhered by law number 9118—establishes in article 6, titled "Automatic Information Exchange," that the parties will exchange any information that
As you might have heard during the weekend, the Banco de Costa Rica has been under the spotlight due to a cyber-attack on more the 5 million of transactions, which has been granted by the hacker Maze Team, so we would like to provide a
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
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
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