Costa Rica Company Formation
Are you interested in Costa Rica’s company formation process? Here’s how you can create your entity.
Costa Rica allows the formation of a Sociedad Anónima (SA), a commercial company that is formed with the capital contributed by different partners and is divided into shares. This type of company requires the disclosure of the corporate structure along with information regarding the share capital and other details. The process takes approximately two weeks.
You should submit the proposed name and SA suffix (foreign names are permissible providing you supply a Spanish language translation) to the Public Registry. Costa Rica company formation requires three directors of any nationality along with shareholders.
Once formed, one person may hold all the shares and businesses, with corporate ownership also permitted.
There is also no minimum share capital requirements at the time of incorporation, although you must pay 25 per cent of it and there is regulation of shares and the ownership of those shares. You must have a Costa Rican notary public notarize the Articles of Incorporation for a registration card number to be issued.
The company must maintain a minutes book for the directors and general assembly with a registry of shareholders and three accounting books. Your enterprise must also register with the tax authority.
You must also have a country-based fiscal and resident agent to register a company, as well as a locally-registered address with directors listed as Secretary, Treasurer and President.
Corporate and income tax-free business environment
Financial statement filings are not required
High level of corporate confidentiality
Low business registration and maintenance fees
No corporate meeting requirement provided business isn’t conducted in Costa Rica