Updates about Covid-19 restrictions and measures in Costa Rica
A fundamental step in due diligence is to verify that the property is up-to-date with the Municipality Taxes (known as property taxes). This information will assure the future owner of the property that the property does not have any overdue taxes with the Municipality. Part of
There are certain responsibilities that must be fulfilled in order to have a healthy working relationship between every employer and his employees, this is usually the rule all around the world and Costa Rica is no exception. The Labor Code broadly regulates the relationship between
Starting a business is different in every part of the world due to the particular challenges you may come across, in addition each country has a business culture that is important to understand and Costa Rica is no exception. One of the most important things we
We will briefly explain the obligations and responsibilities that companies must fulfill here in Costa Rica in order to be in compliance. It is very important to comply with the established deadlines so that the corporation can remain in good standing and up to date. Obligations
After multiple adjustments, this 2021 the Registry of Transparency and Final Beneficiaries (RTBF) must be submitted by the obligated parties. It consists of a computer system developed by the Central Bank of Costa Rica, which allows legal entities and other legal structures, trusts, third-party resource
Brackets on Wages tax, Income tax and Tax Credits were updated last December to become enforced in January 2021. The update is carried out through an adjustment of zero point twenty-eight percent (0.28%), currently being handled the following way: Tax on wages Income of up to ¢
A corporation is the legal person whose purpose it is to carry out commercial acts subject to commercial law. A commercial company has a nominative nature where there is an obligation and there is a subsequent application of that contribution to achieve an economic goal. Companies
Originally, assets belonging to inactive companies were to be declared by March 2021 using form D-135, also known as "Asset Declaration for Inactive Legal Persons," but the required form changed and now it is form D-101 that should be used to present the declaration of
Being classified as a minority partner within a mercantile society, also called a minority shareholder, means that one has less than 50% of the shares. Due to their number of shares minority shareholders cannot exert pressure on company decisions made by the majority shareholder. The implications