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Company Formation Costa Rica

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Since 2010, Costa Rica has enjoyed strong and stable economic growth. It currently has a great variety of exports such as bananas, beef, coffee and sugar. Although these agricultural products are still an important part of the economy, high tech-related goods and services have taken over as main exports.

In addition, it has the US-Central American-Dominican Republic Free Trade Agreement (CAFTA-DR). These and great political stability have made Costa Rica a key spot in the world for offshore investors to set up businesses with exceptional success prospects. In order to help you get a better insight into the steps in this process, our Costa Rican business experts have created a company formation presentation.

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Company Formation Costa Rica

  1. 1. How to Form a Company in Costa Rica? www.bizlatinhub.com
  2. 2. Why Incorporate a Company in Costa Rica? Highly educated local population Government support for foreign invesment Rapidly growing Technology sectors Great trading Benefits with CAFTA-DR Strong and stable economic growth
  3. 3. Types of Legal Entities Corporation (Sociedad Anónima) Limited Partnership (Sociedad de Responsabilidad Limitada) The majority of companies that are set up in Costa Rica are Corporations (Sociedad Anonima – S.A). This presentation will outline the process of forming a Corporation.
  4. 4. Fact Sheet S.A Yes Is foreign ownership allowed? Yes Can the company sponsor foreign employees? No Are there capital controls? 4 – 6 weeks once all documentation is received How long does it take? (including bank account) No Is there a minimum share capital? 2 Shareholders What is the minimum number of shareholders? Yes Are a fiscal address and legal representation required?
  5. 5. How to do it. In order to successfully form your company, you will have to follow the steps outlined in this presentation. There are 6 main steps involved in this process.
  6. 6. Step 1 A POA is a legal document that enables Biz Latin Hub to form the company on your behalf. Draft and Sign a Power of Attorney (POA)
  7. 7. Step 2 Company shareholders need to obtain an individual tax ID number. Obtain Individual Tax ID Number
  8. 8. Step 3 The company bylaws define a company’s purpose and how it will operate. Create the Company Bylaws
  9. 9. Step 4 Register the company with all relevant government authorities. Register the Company
  10. 10. Step 5 Once the company has been incorporated, it can be registered with the national tax authority. Obtain the Company Tax ID Number
  11. 11. Step 6 You will have to open a corporate bank account and deposit the required capital to activate it. Open and Activate a Corporate Bank Account
  12. 12. Biz Latin Hub is a market leader in helping individuals and companies to successfully do business globally and has multilingual services that are reliable, tailored and responsive. Our group is owned and managed by an experienced team of local and expat professionals, dedicated to assisting our clients to navigate their way through the complexities of the global business environment. We can help!
  13. 13. See how our services can support your global expansion. Due DiligenceLegal ServicesImmigration
  14. 14. Are you ready to expand globally? Contact us now. contact@bizlatinhub.com www.bizlatinhub.com

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