Costa Rica company

Apply now for our company formation service

Costa Rica, officially the Republic of Costa Rica, is a country in Central America, bordered by Nicaragua to the north, Panama to the southeast, the Pacific Ocean to the west, the Caribbean Sea to the east, and Ecuador to the south of Cocos Island. Called “the Switzerland of the Americas” Costa Rica offers many advantages and favorable tax conditions.

Costa Rica is known for its stable democracy in a region with highly educated workforce, most of whom speak English. The country spends almost 7% of its budget on education, compared to a global average of 4.4%. Its economy, once heavily dependent on agriculture, has diversified to include sectors such as finance, corporate services for foreign companies, pharmaceuticals, and ecotourism. Many foreign companies operate in Costa Rica’s Free Trade Zones (FTZ) where they benefit from investment and tax incentives.

With the legal system is based on the Spanish Civil Law, Costa Rica is one of the most discreet business centers in the world which enjoys economic and political stability making it a popular location.

The taxation system in Costa Rica is territorial. Performing activities that are carried on outside of Costa Rica are not subject to any income taxes therein.

Costa Rica Companies are not considered as offshore companies.

All companies are formed under the same legislation, whether they do business in Cost Rica or outside of the territory.

Companies that do not derive any income from sources in Costa Rica are not subject to tax.

Costa Rica Company Formation

Costa Rica Company Formation Advantages

  • One of the most discreet business centers in the world with economic and political stability;
  • The official and spoken language is Spanish. In business English is spoken widely;
  • Tax exempt – Non-resident companies are exempt from all local taxes;
  • 0% Corporation tax– Corporation tax is only charged on profits derived within the territory of Costa Rica;
  • There are no restrictions on foreign Directors or Shareholders, individuals or corporate; Minimum number of shareholders is two;
  • Standard authorized share capital is CRC 10,000 divided in to 100 shares of CRC 100 each. Minimum paid up share capital is CRC 2,500;
  • There is no withholding tax on interest, dividends and royalty, no capital gains tax for foreigners in Costa Rica;
  • Interim dividends distribution is allowedDistribution to foreign entities or individuals are not taxed in Costa Rica;
  • Nominee services are available;
  • Board Meetings can be held anywhere in the world.

Costa Rica Company Formation Summary and Main Characteristics:

General Information 
Type of companyCompany Limited by shares
Corporate LegislationThe Commercial Code, Law No. 3284. Spanish Civil Law.
TaxationFor Non-resident sourced activities - Corporation Tax – 0% Tax on Dividends – 0%
Territorial taxation system 0% for non-residents that do not derive any income from sources in Costa Rica.
CurrencyStandard Currency CRC (The Costa Rican Colon)
Share Capital can be also in US Dollar.
Paid up capital requirementStandard authorized share capital is CRC 10,000 divided in to 100 shares of CRC100 each. Minimum paid up share capital is CRC2,500.
Time zoneGMT-6 (CST)
Directors
Minimum no. required1
Local Director requiredNo
Location of MeetingsAnywhere
Shareholders
Minimum no. required2
Location of MeetingsAnywhere
Company Secretary
RequiredNo
Local Secretary requiredNo
Registered office requiredYes
Share Capital
Standard CurrencyCRC, but can be in USD also.
Standard Authorized CapitalCRC 10,000
Minimum paid up capitalCRC 2,500
Accounting Requirements
Preparation of accountsYes, minimum (can be completed by Consil Formation)
Requirement for auditNo
Accounts public accessibleNo
Requirement to file Annual ReturnYes (can be completed by Consil Formation)
Further Information
Bearer sharesYes
ConfidentialityYes
Nominee servicesAvailable
Need to travelNo
ApostilleNo. Costa Rica is not a member of the Hague Convention therefore if a bank account is planned to be opened outside of Costa Rica then the corporate documents have to be legalized. Legalization costs depend on the specific countries Consulates rates.
OwnersIndividuals or Corporate

Company Formation Fee

  • Company Formation – with all services included for the first year€2.000;
  • Confirmation of the availability of company name and it’s reservation with the Registro Publico;
  • Certificate of Incorporation;
  • Articles of Association – Escritura;
  • Appointment of Director(s), Distribution of Shares, Minutes, Resolutions in accordance with banks requirements;
  • Personal manager assistance for the entire period.
  • Share Certificate(s);
  • Preparation of English Translations;
  • Authorized Share Capital of CRC 10,000;
  • Local Registered Office Address;
  • Registered Agent;
  • Preparation & Filing of Annual Return;
  • Personal manager assistance for the entire period.

Renewal Fee after one year – with all services included for the next year: € 1.400

  • Local Registered Office Address;
  • Registered Agent;
  • Preparation & Filing of Annual Return;
  • Personal manager assistance for the entire period.

Further Optional Services:

  • Nominee Director – Individual or Corporate as per client’s request;
  • Legalization of Documents:
  • Power of Attorney – General / Special PoA Notary Legalized, in accordance official institutions and with banks requirements;
  • Certificacion Literal – which confirms the existence of your company and company structure,in accordance with official institutions and banks requirements;
  • Certificate of Good Standing or Incumbency,in accordance with official institutions and banks requirements;
  • Legalization of Documents:
  • Document Notarization per document;
  • Bundle of documents Notarization;
  • Company Seal;
  • Company Rubber Stamp;
  • Bank Account opening service – Quotation based on each particular case;
  • Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review;
  • Accounting and/or preparation of accounts – Quotation based on each particular case.

If you are looking to open a bank account in the particular country or bank, please contact as by e-mail office@consilformation.com
or call our Banking Department at +34 685 28 86 93

Menu