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How To Incorporate Company In Costa Rica – Everything You Need To Know

Register Company in Costa RicaThe procedure to incorporate a company in Costa Rica is straightforward and shorter than in many other countries. If you are a foreign investor looking to incorporate a company in Costa Rica, you are not required to be present there during Incorporation.

There are four types of company structures in Costa Rica. The first and most popular one is called Sociedad Anonima or SA. This is similar to a corporation in the US. The second is a general partnership called Sociedad en Nombre Colectivo. The third is called Sociedad en Comandita, which is a limited partnership, and the last is Sociedad de Resposabilidad Limitada or SRL. This is a Limited Liability Company.

 

Benefits If You Incorporate Company in Costa Rica

Costa Rica has become a popular choice in Central America for foreign investors to start a company because of the many benefits it offers.

Part of the World Trade Organization (WTO)

Costa Rica has achieved a tremendous level of financial stability by promoting new business and trade. Being a member of WTO is an achievement for this agricultural country. The tax laws of Costa Rica are also very conducive to foreign companies. You must pay taxes for only the income generated in the Costa Rican territory.

Privacy of members

You can form an SA in Costa Rica with only four members – President, Secretary, Treasurer, and Controller. The details of these members or the company’s shareholders are not required to be submitted to the Public Registry. So the members are assured of total privacy.

Free Trade

The Free Trade agreements with countries like the US, Mexico, Canada, and Chile provide you with good scope for growth. This is especially useful for companies involved in the import-export business.

Quick Incorporation

It takes only 20-40 days to incorporate company in Costa Rica. It is much less than that of other countries.

 

How to Incorporate a Company in Costa Rica?

  • We recommend you involve a legal agency to incorporate the Company In Costa Rica. This legal firm will double up as your local Registered Office and Registered Agent. Costa Rican law does not require you to be present during Incorporation. The legal firm can take care of it on your behalf.
  • Two or more individuals should sign notarized documents of incorporation. These documents must be submitted to the agency, and you will get a corporate identification number.
  • Your company name should be unique. The legal firm will cross-check with the notary and registry for confirmation.
  • Submit documents showing the company’s capital stock, including personal property or real estate. These documents will be handed over to the Registry.
  • You must advertise the formation of your company in the Costa Rican legal newspaper, La Gaceta, for eight days.
  • You must pay the stamp duty and registration fees by depositing the amount in a branch of Banco de Costa Rica.
  • Submit all the paperwork to the government registry, including all Public documents, stamp duty, registry rights and the notarized copy of the newspaper ad.

 

Documents Required for Articles of Incorporation

  1. Details of Incorporation, like location and time of incorporation
  2. Type of corporation
  3. Purpose of the company
  4. Address of the corporation
  5. Details of shareholders
  6. Details of the members of the company
  7. Period of time you wish to operate the company
  8. Total capital stock amount
  9. Estimated profits and losses and enumerations
  10. Plans of action in case the company liquidates
  11. Name of registered agent
  12. Savings fund details. 5% of your company’s yearly profits must go into this fund. This find is considered a legal reserve.

For more information and guidance to Incorporate Company in Costa Rica, contact 3E Accounting, China. We will help you with all aspects of registration, whether SA or SRL.
You can contact us by sending an email to request a no-obligation quotation or get more information about how to Incorporate a Company in Costa Rica.