Offshore registration in Costa Rica

Открыть Оффшор в Коста Рике

Costa Rica – a mini-state located on the isthmus of North and South America, with access to the Pacific Ocean and the Caribbean Sea. Included in the list of members of the UN and the Organization of American States. Capital – San Jose, monetary unit – colon (CRC).

The main areas of the economy – tourism, agriculture, electronics export. The jurisdiction is distinguished by political stability, a skilled workforce and preferential taxation. Offshore Costa Rica – one of the most developed and at the same time unregulated territories for international business.

The country is not included in the black list of offshore companies in Ukraine. Costa Rica has not signed a double tax treaty with any country. An agreement on the exchange of tax information has been concluded with the United States. There is no currency control.

Opening a business in Costa Rica is governed by The Commercial Code.

What organizational and legal forms of companies are suitable for offshore registration in the jurisdiction

There are no classical International Business Companies in the country. Two forms are recommended for doing business by foreigners in the jurisdiction.

1. Joint Stock Corporation – Sociedad Anónima. In order to open such an offshore company, at least three directors and one owner are required, it can be both individuals and legal entities, residents and non-residents. Also, a legal address must be registered in Costa Rica. Minimum authorized capital – $100, 25% must be paid upon registration. A registered agent is required.
2. Corporation Limited Liability – Sociedad de Responsabilidad Limitada. There are no requirements for a minimum authorized capital, 25% is paid immediately. A minimum of two members is required to set up a company. Information about owners and directors is kept in the state register. If you need to maintain confidentiality, you can use a nominee service.

If a gaming business is opened, in particular an online casino, a license is not needed, but the founder will need to come to the country and set up a representative office.

Offshore names must contain one of the following symbols: SA, SRL, LLC, Limitada, Ltda.

Taxes and reporting

Principle of taxation in the jurisdiction of – territorial. Income earned outside the state is not taxed. If the income is received in Costa Rica, the tax for legal entities can reach up to 30%.

Requirements for maintaining accounting records and filing an annual report are not established.

Do you want to buy or open a company in Costa Rica? Contact Crystal Tax. Our experts will conduct a detailed consultation, help you choose and register a business that will generate a stable income with optimized taxes and no problems with the law.