Advice and assistance in setting up an offshore company in Costa Rica:
Set up an offshore company in Costa Rica is ideal for:
Main characteristics and approach for the an offshore company set up in Costa Rica:
||S.A or SRL.
||Companies in Costa Rica are regulated under the Commercial Code of Costa Rica. The Costa Rica National Registry is the governing authority.
Commercial Code, Law No. 3284, passed on September 19, 1964, and its subsequent amendments.
|Information published relating to company officers
||The names of company officers appear on public record. Nominee officers can be used to avoid the client’s name to appear. The name of shareholders do not appear.
||Annual Tax Filing must be presented each year to the administration even if the corporation has no income.
||No taxes should be paid if no income is generated in Costa Rica. The authorities have begun negotiations with several countries to avoid the double taxation of income. By 2009 Double Taxation
Agreements had been signed but not yet ratified with Spain, Germany and Romania. Negotiations are in progress with Israel South Korea, Switzerland and Canada.
|Time to form
||Costa Rica has a fast and efficient registry.
||Costa Rican Colon (¢)
||Stable jurisdiction with very good reputation
||Efficient communication means
||Convenient world time zone GMT-6
|Paid up capital requirement
||Minimum capital requirement 20 usd
|Basis of legal System
||Under Civil Law
|Minimum shareholders / directors
||For the Sociedad de Responsabilidad Limitada S.R.L. (limited liability) the company can be administered by only one person in the position of Manager and Representative. Costa Rican companies are required to appoint a minimum of three officers (president, secretary and treasurer) who may also be the directors, and may or may not have Costa Rican citizenship.
The minimum initial number of shareholders (subscribers) at the time of incorporation is two; thereafter a single shareholder is permitted which may be an individual or body corporate.
||Bearer Shares are not permitted
Tax treaties that will help determine if setting up an offshore company in Costa Rica is a perfect choice for you:
Costa Rica has bilateral investment treaties already in effect with Canada, Chile, Great Britain, France, Spain, Germany, Switzerland and Taiwan, Korea, Venezuela, Paraguay, Argentina, the Czech Republic and the Netherlands.
Additionally, there are bilateral investment treaties signed but not yet ratified with Bolivia, Ecuador, Belgium-Luxembourg and Finland.
The bilateral investment treaty with Poland is pending signature and the bilateral investment treaties with the following countries are under negotiation:
Austria, Barbados, Brazil, Denmark, United States of America, Greece, Ireland, Jamaica, Italy, Norway, Peru, Portugal, Romania, Sweden and Uruguay.
To start your offshore company in Costa Rica just send us a email through our contact form.
CKSA Advises you!