Stew Cameron asked us to elaborate a little more into the details of dissolving a company in Costa Rica. So here it goes. The law allows us to create business structures (colloquially called corporations, and for the purpose of this article we will refer to them as companies) and it also tells us how and
Just recently Thomas (an immigration client) asked me how he can receive his pension from the US in Costa Rica. I remember seeing brochures at the BCR branches offering the service to receive a direct deposit from the Social Security Administration into a BCR account. He said that people had told him that Banco Nacional
This is a recurring question among expats. We are going to address this issue from two perspectives, from a business perspective and from an expat perspective. Business Perspective Corporations have two primary purposes: To amass capital from different investors or partners for the furtherance of common business goals, and To separate the personal assets of
Christmas season is here and the Costa Rican Grinch government is getting ready to take your Santa Aguinaldo away through the marchamo, so then people ask “what is the marchamo good for?” The marchamo is basically a “tax” applicable to vehicles which must be paid pay every year. The marchamo includes two elements, a tax
Starting September 26, the Immigration Department (DGME) will implement a pilot plan at the national level that consists of systematizing the Entry and Exit Card (TIE), improving the current entry and exit process. We are moving from the use of a physical Entry and Exit Card (TIE) to a digital migratory control system. Currently, a
As part of our desire to provide the best and most reliable service to our clients we put together the following information of upcoming requirements for Costa Rican corporations. We wanted to share with our readers, in hopes it could be of use. As always, if you have any questions or feel we could be
Obtaining residency in Costa Rica is difficult and costly. There are a lot of documents required to obtain residency which also cost money; the processing time is lengthy and it can become frustrating, and the costs are high when you add up the government fees, legal fees and expenses. So, try not to lose your
We received an inquiry from Rob Evans, who happens to manage a Facebook Group called Costa Rica by Bus. In his group, someone inquired whether it is possible to bring service dogs into public transportation such as buses, taxis, or ferries. While transit law does not allow pets or animals in general to ride in
As many of you know, Congress passed approved the bill to bring the corporate tax back to live through Law No. 9,428. The tax will be enforceable starting on September 1st, and for this current year, the payment will be prorated for the remaining months of the year. Who should pay this tax? The tax
Some immigration categories are widely unknown for most folks. Mostly, people focus in just a few categories such as the marriage, parent, pensionado, rentista and investor while there are over thirty different categories available. Naturally, these categories are very popular because most the information that you find on line is about them. The lay person
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