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Tax Engineering

Company in Costa Rica IBC LTD or INC

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Register an offshore company in the best jurisdiction of Latin America and set up a business related to e-commerce and stock exchange investments while paying 0% tax.

Reference: SRL66896CR

$2705

Offshore company formation in Costa Rica

In Costa Rica offshore companies can be registered in two ways:

"Resident" company in Costa Rica: If the company is registered as a "resident" it is allowed to develop commercial activity on the territory of Costa Rica and therefore is obliged to pay local tax. If the Costa Rican company is registered as "non-resident" it automatically obtains the status offshore. This means that the company is exempt from all local taxes but cannot carry out any business activity within the boarders of the country nor own a local bank account. Also it is not obliged to present any type of auditing reports to the fiscal authorities. 

The most outstanding characteristic of Costa Rican companies is the limited liability of shareholders and the ability to transfer easily shares from one company to another or from one country to another. When registering a company in Costa Rica the Directive body should be chosen to expresses the decisions of the partners. The President, Secretary and Treasurer form the Board of Directors.

All companies registered in Costa Rica require a Fiscal representative, the legal figure that constitutes the company and represents it in relations with government. In a case if there is only one beneficiary, the fiscal is in charge of the constitution and introduction of the rest of the organs. In order to increase the anonymity the fiscal may appoint vice presidents and managers. Each figure will have a specific power and may be used separately or jointly.

Limited liability companies (LTD) were created as an alternative to the limited companies, their operation is much simpler and does not require a lot of formal acts. This type of companies is suitable for small and medium companies. The main advantage of Costa Rican limited companies is that the liability of the shareholders is limited to the amount of their contribution, the share capital. The share capital is divided into individual shares that cannot be sold to the public, unless it is first offered to other partners of the company. There are no requirements for a maximum number of shareholders and one or several managers, which could or not be shareholders of the company, can control it.

Offshore companies in Costa Rica can issue several powers: 1. General Power of attorney: Allows the person to buy, sell, mortgage, authorize to sign checks, invoices, and contract with suppliers. This power may be limited. 2. General Power: This power is only designed to be used for administrative purposes, such as hiring personnel for the company and signing invoices or other documents directly related to the company's business. This kind of power does not allow any type of disposition of the assets of the company. 3. Special Power: The attorney can execute one or more acts, both administrative or of disposition. This power´s main characteristic is that it does not have to be registered in the commercial register.

Offshore companies registered in Costa Rica as non-residents receive the following notarial acts: Articles of Incorporation, Certificate of Ownership, Legal books registered in public registry, First entries in legal books, Certificate of shares and Affidavit of non-use.

Advantages of registering an offshore company in Costa Rica

The main advantages of registering an offshore company in Costa Rica are the following:

  • Physical persons and foreign companies that do not develop any business activity on the territory of the country are not subject to taxes. Complying with this condition the beneficial owners of Costa Rican company will not pay any kind of tax to the Costa Rican government including the Customs Seal.
  • Fast constitution of the limited company takes only 5 days.
  • Non-resident companies in Costa Rica are not required to present annual accounts or audits. 
  • The share capital may be registered in any currency of legal tender: Euros, American Dollars, Sterling Pounds, and Yen.
  • Offshore companies in Costa Rica for non-residents are very easy to manage and administer.
  • The share capital of an offshore company in Costa Rica is very low and its payment is not obligatory.
  • Costa Rica is a very modern and regulated jurisdiction.
  • As Costa Rica has signed double taxation agreements all non-resident physical persons can deduct their benefits obtained in Costa Rica in their country of residence.

Characteristics of offshore Company in Costa Rica

General information
Type of Company
LTD
Type of Law
Common
Shelf company availability
Yes
Time it takes to set up a new company
10 days
Government fees (excluding taxation)
US$100
Corporate Taxation
Nil
Double Taxation Treaty
No
Share capital or equivalent
Standard currency
Colon
Allowed currencies
Any
Minimum paid up capital
No minimum required
Usual authorized capital
10.000 Colons
Directors
Minimum number
One
Local required
No
Corporate Directors Permitted
Yes
Publicly accessible registry records
No
Location of meetings
Anywhere
Shareholders
Minimum number
One
Shares
Bearer and Registered shares
Publicly accessible registry records
No
Location of meetings
Anywhere
Company secretary
Required secretary
Optional
Local or qualified secretary
No
Accounting and audits of the company
Requirements to prepare
Yes, but not obligatory to present it
Audit requirements
No
Requirements to file accounts
No
Publicly accessible accounts
No
Other
Requirement to file annual return
No
Change in domicile permitted
Yes


* Incorporation of an offshore company in Costa Rica with a bank account in the name of the company without a physical presence in the country. All arrangements will be made through e-mail and / or certified mail.

  •  
    in Costa Rica
  •  
    notarized and apostilled in English
  •  
    in EUR, US $ or GBP on behalf of the company with online banking included
  •  
    in the name of the company
  •  
    for 1 year
  •  
    for 1 year
  •  
    for 1 year
  •  
    for 1 year
  •  
    995 euros
  •  
    by UPS or DHL to any part of the world
  •  
    Certified by a notary or notary public
  •  
    Certified by a notary or notary public
  •  
    Electricity, water, gas, telephone or bank statement
  •  
    In English
  •  
    Business letter of recommendation from a lawyer, accountant or tax advisor.

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