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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.
1. How to Form a
Company in
Costa Rica?
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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. 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. 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. 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. 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)
8. Step 3
The company bylaws define a company’s
purpose and how it will operate.
Create the
Company Bylaws
9. Step 4
Register the company with all relevant
government authorities.
Register
the Company
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. 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. 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. See how our services can support
your global expansion.
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14. Are you ready to expand globally?
Contact us now.
contact@bizlatinhub.com
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