The corporation fee is between $175-400 for an active corporation, depending on gross income. The corporate tax rate in Costa Rica is 30%. But there are special provisions for small businesses with less than around $191,000/year in gross income.
How much does it cost to incorporate in Costa Rica?
The articles of incorporation have to be signed by the founding members/shareholders and notarized by a Costa Rican notary public in the protocol book. Incorporation tax is $50 dollars approximately.
How much does it cost to register a business in Costa Rica?
Costa Rica LLC setup costs in Year 1 will amount to US$4,850 and annual company costs in Year 2 and thereafter will amount to US$350.
|Different Costa Rica entity types||Cost||Draft invoice|
|LLC||US$10,985||View invoice PDF|
|SA||US$9,985||View invoice PDF|
|Branch office||US$9,835||View invoice PDF|
Can foreigners start a business in Costa Rica?
Unlike most other countries, there aren’t any restrictions in Costa Rica on foreign business ownership. You don’t even have to be a resident. You can simply get a standard, 90-day tourist visa and start your own business in Costa Rica.
How do I incorporate my business in Costa Rica?
Steps to register a company in Costa Rica
- Pay Agency Fees. …
- Choose the Company Structure. …
- Translating your Company Name. …
- Sign Off on Proper Documentation. …
- Open a Corporate Bank Account in Costa Rica. …
- Register an Incorporation Charter. …
- Register as a Taxpayer in Costa Rica. …
- Apply for Insurance.
Is a Limitada a corporation?
In the United States, a limited company is more commonly known as a corporation (corp.) or with the suffix incorporated (inc.). Some states in the U.S. do permit the use of Ltd. (limited) after a company name.
How do I set up an LLC in Costa Rica?
Costa Rica Subsidiary Laws
For an LLC, you need at least one director and two shareholders, who can be of any nationality. You will also need at least $1 of paid-up share capital to complete the incorporation process. Companies do the majority of business in Costa Rica in-person or over the phone.
Is Costa Rica good for business?
Costa Rica has few market entry challenges and U.S. products and services enjoy an excellent reputation making Costa Rica a good market for U.S. companies. One of the most common market entry options is to appoint an agent or distributor.
Is it easy to do business in Costa Rica?
Costa Rica continues to be one of the most attractive Latin American countries in which to do business, with a relatively stable economy and political situation. It is ranked 61st out of 190 economies assessed by the World Bank Ease of Doing Business Survey 2018.
What companies are in Costa Rica?
Top Companies in Costa Rica
- McKinsey & Company. 4.4. LocationCosta Rica. …
- Intel Corporation. 4.3. LocationCosta Rica. …
- Hewlett Packard Enterprise | HPE. 4.1. LocationCosta Rica. …
- IBM. 4.0. Locationibm.com/jobs/cr. …
- Concentrix. 3.8. LocationCosta Rica. …
- Amazon. 3.8. LocationCosta Rica. …
- Akamai. 4.5. LocationCosta Rica. …
- Microsoft. 4.4.
How do I become a legal resident of Costa Rica?
Applying for Residency in Costa Rica: A 10-Step Guide
- Step 1: Check Your Passport Expiration Date.
- Step 2: Gather Documents from Your Home Country.
- Step 3: Register with Your Consulate.
- Step 4: Notarize Your Passport.
- Step 5: Translate Documents.
- Step 6: Complete the Rest of Your Residency Packet.
- Step 7: Fingerprinting.
What is a Costa Rican SRL?
The Limited Liability Company (Sociedad de Responsibilidad Limitada), or SRL, is another of the structures most commonly used when starting a business in Costa Rica. The SRL, like the Sociedad Anonima, is a legal entity with full capacity to act and acquire obligations.
Can a US citizen open a bank account in Costa Rica?
Yes, foreigners can open bank accounts in Costa Rica, but it is not as easy as you may think. For starters, some banks allow non-residents to open an account, but with limitations. Other banks may not allow this until you can show proof of residency.
What percentage of tax would you have to pay if you bought a car in Costa Rica?
Costs & Calculations: You can be stung with high import taxes and duties when importing a car. The Costa Rican government taxes at between 50-80% the value of the CIF (cost + insurance + freight) OR 50-80% the value determined by the Costa Rican Finance Ministry’s Car-Tica system (Ruggia, 2008).