Someone I appreciate once told me that there are five P's for success in a Real Estate Deal, those P's translate to: Prior, Planning, Prevents, Poor and Performance. In order to avoid a Poor Performance on the sale of your house, please follow these useful tips: Hire
Real estate agents and brokers in Costa Rica are in a very particular situation legally. While their occupation exists in practice and they even have an official Chamber (Cámara de Corredores de Bienes Raíces de Costa Rica), their occupation (as of today) has not been
The Costa Rican Government has been focusing on improving the regulatory framework for the prevention of money laundering and financing of terrorism for years now. Such attempts have intensified with the publishing of bylaws and guidelines for Law 7786: “Law on Narcotic Drugs, Psychotropic Substances, Unauthorized Drugs, Related Activities, Legitimation
A moratorium on sanctions has been established for a maximum non-extendable term of 3 months in the case of those failing to file the 2019 Registry for Final Shareholder Beneficiary as set out in the Joint Resolution of General Supplement for the Regulations on the Registry for Final Shareholder Beneficiary.
Much has been said about the enactment of the new regulations regarding the mandatory registration of parties in order to combat money laundering and terrorism financing. It is important to remember that Agreement 11-06 was in place up until December of last year, and, frankly
As we previously reported, the Registry of Transparency & Final Beneficiaries registry requirement for corporations is a mandatory requirement that will come into effect in September 2019. We have compiled a basic guide of what will be required to complete the update, you can review
Obligation to comply updating the shareholder’s registry for corporations start next September 2019. Here is what you need to know: Overview: The Shareholder's registry requirement for corporations is a mandatory requirement that will come into effect in September of 2019 as per resolution N° DGT-ICD-R-14-2019 from the General
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
La Gaceta issue from April 3rd, published a notice stating the new deadlines for filing the registration for shareholders. As you may know, it is required to file with the Central Bank of Costa Rica (BCCR) a list of the shareholders owning more than 15% of
As many of you know, the Costa Rican government has a big debt problem and is in the process to increase the revenue through numerous means, one of the them is to improve the income tax on corporations and people. In addition, the country is attempting