I hear this question on a regular basis. I hear it so much, that I am going to start charging $100 for each time I am asked this question. Am I required to stay 72 hours out of the country prior to reentering? The answer is no, you are not required to stay of out
With the price of doing business in Silicon Valley, and across the US, it is becoming more attractive to set up operations else where to reduce the cost. If you want to stretch your budget and be able to hire more staff to give a start up a boost, then you should consider moving your
The Costa Rican Business Code allows a number business structures to be created for the purposes of doing business. It mainly makes sense to incorporate if you are planning on running a business. While a business structure may provide some benefits for the average person, primarily while doing estate planning, the main goal of a
Moving to another country is not easy. You have to worry about packing your bags, getting airplane tickets, looking for a new home, a new job, perhaps learning a new language (or not). And definitively, you will need to get legal residency unless you are planning to be a mojado, which is obviously not recommended.
In previous installments we have reviewed the penalties for overstaying in Costa Rica. Section 33 of the Immigration law issued in 2012 establishes a fine of $100 USD per each month that a foreign national overstays in Costa Rica. This fine became effective in 2012, however, the Immigration Department issued a moratorium for the
The importance of knowing what you are getting. About a year ago, I was at the Immigration Department and there was this American man who could be in his early sixties, struggling with his broken Spanish, trying to get some answers from the clerks who do not speak any English. I approached the man to
Purchasing a property is an investment. Nobody decides to buy a piece of property with the expectation to lose money. Just like any other investment, you need to do some due diligence to determine that it will be a sound investment which includes avoiding risk. A due diligence helps you to assess the conditions of the
The Tax Office (Dirección General de Tributación Directa) of the Costa Rican Revenue Service (Ministerio de Hacienda) requires that all inactive corporations registered in Costa Rica file a form called a D-140 to report their inactive status. An inactive corporation is one that is not currently conducting business or a corporation that previously registered with
1.) Know what they are looking for and make necessary repairs before you go. You can check out their website. There is even an English version! (Click on the US flag in the top right corner, or follow this link: https://www.rtv.co.cr/en/ ) They will do a visual inspection first and this is the part
Unfortunately, and as it happens, there is a lot of “fake news” regarding the minimum amount of time required to remain in Costa Rica to keep the residency. People generally ask “Am I required to be in Costa Rica for at least four months?” I wish that other firms providing immigration services would dedicate a
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