Company Formation in Costa Rica
The offshore zone of the Costa Rica in Central America is attractive for investors due to the following: there is the reliable system for data protection on financial flows to the country while external investments are not subject to taxation. Moreover, the deposit that is more than $200 000 gives the entrepreneur the right to obtain a residence permit.
Features of Offshore Zone In Costa Rica
Company formation in Costa Rica requires the capital available in the range of $50 – 100 000 US dollars. The particluar figure depends on the environment and specificity of activity chosen.
The legislative base of Costa Rica offers several forms that allow development of economic entities. These schemes may be highlighted among foreign businessmen in terms of descending popularity:
- Sociedad Anonima or joint-stock corporation. Business registration, as per the rules of scheme presented, requires at least two founders with the capital exceeding $100 USD. Meetings of members to the joint-stock company shall be held at least once a year, shareholders may specify the place and time of meetings on their own. Yet, the form of Sociedad Anonima requires the presence of residents-registered agents who communicate with supervising authorities of Costa Rica.
- Limited Partnership is the form that is similar to the Russian LLC by structure. The Limited Partnership registration involves the distribution of shares between the founders. Partners participating in the scheme are classified for general (no limitation of liability) and limited (liable within their own contributions).
- Less popular forms of business are the following:
— Sociedad Limitada: Corporate company with limitated liability;
— Public Limited Liability Companies: Open Type of LLC.
— General Partnerships: enterprises without limitations in liability.
Company Formation in Costa Rica and Maintenance
The Private Financial Services Group operates a wide range of registration and business opportunities in Costa Rica. Focusing on specifics of the legal and financial field of the country, we undertake a range of obligations to solve routine issues and related problems, without distracting clients from the core business.
To form the company in Costa Rica we will require:
1. Certified passport copy
2. Certified utility bill
3. Bank reference letter
4. Filled application