Posts Tagged

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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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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Airplane-Costa Rica
Climate ChangeImmigrationInvestor Residency

Imagine flying from San Jose to your residence in Osa in only 45 minutes and in a non-polluting airplane that produces zero emissions. Find out how! In October, the United Nations held a conference in Costa Rica as part of the previous negotiations for the Conference of the United Nations

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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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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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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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BusinessCorporationsGovernmentTaxes

The Revenue service of the Ministry of Finance (Hacienda) announced at the beginning of 2019, that they will request the Public Registry for the dissolution of 74,185 corporations, which together owe the revenue service more than ¢ 10,600,000,000 (Roughly $17,500,000 USD) for failing to pay the corporate taxes, for three

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BusinessGovernmentTaxes

The approval of the new Tax Package (Law 9635) from Asamblea Legislativa (Costa Rican Congress) introduced new taxes or extended the implementation of existing taxes with the purpose to increase the revenue of the Costa Rican Government. As many of you know, the Government has been struggling to make ends

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