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Costa Rica's corporate structure allows any person to control a company without their name appearing in the public records. Atlantic's Costa Rican legal affiliates can set up your corporation without the real owner's name ever appearing in the public record. Although there is a legal president, vice-president, secretary and treasurer (nominees), the actual ownership of the corporation is invested in who ever physically has the stock certificates in his/her pocket or safe-deposit box. |
A Costa Rican S.A. is free to engage in many types of business activities, both in Costa Rica and in other countries and it pays little or no taxes in Costa Rica on what it earns outside of Costa Rica. Should there be no income to report there are no tax consequences. However, even without income it is still necessary to file the documents.
Barge
Set-up requirements for a corporation in Costa Rica
1. The set-up fees & basic first year cost comes to around a sum of US$ 1,225. The basic second & subsequent yrs. cost would be around US$ 650.
2. Mandatory requirements for New Costa Rican S.A. Corporations Include –
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Resident Registered Agent
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Physical Address for Registered Office
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General Power of Attorney
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Notarized English Translation of the Charter
3. Like Switzerland, Costa Rica has strict rules on nondisclosure of bank accounts.
4. The other regulations to set up a company are;
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Minimum Number of Shareholders – 4
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Minimum Number of Directors – 4
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Bearer Shares Allowed – Not permitted
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Public Disclosure of Directors/Shareholders Required – No
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Local Directors Required – No
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Standard Authorized Share Capital - US$ 30 approx.
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Audited Accounts Required – Yes
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Time To Incorporate - Weeks time
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Annual Fee / Provision of Nominee Directors When Required - US$ 350
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Annual Fee / Provision of Nominee Shareholders When Required - US$ 350
It is recommended that clients should seek professional advice from a reputable lawyer specialized in International Tax Planning or from one of the leading international firms of chartered or public accountants before acquiring any offshore structure or entity. Clients should specifically ensure that their professional advisers inform them about all restrictions and reporting requirements that will apply to them once they have acquired any offshore structure or entity.
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