Can an expat own a business in Costa Rica?

Expat entrepreneurs are in luck if they’re looking at Costa Rica as their next home. … 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.

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.

How do I start a business in Costa Rica?

Steps to register a company in Costa Rica

  1. Pay Agency Fees. …
  2. Choose the Company Structure. …
  3. Translating your Company Name. …
  4. Sign Off on Proper Documentation. …
  5. Open a Corporate Bank Account in Costa Rica. …
  6. Register an Incorporation Charter. …
  7. Register as a Taxpayer in Costa Rica. …
  8. Apply for Insurance.
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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.

Fees.

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

Do expats pay taxes in Costa Rica?

When it comes to Costa Rica taxes for Expats, both residents and non-residents are subject to taxation on the income they earn within the country. Income from foreign sources is not subject to Costa Rican taxes.

Can a foreigner start a business in Costa Rica?

Yes, it is legal for foreigners to own a business. To protect your investment and your legal status in Costa Rica, it is best to apply for residency.

Can a foreigner open a business in Costa Rica?

Opening a Business in Costa Rica

Owning a business is something that is permitted as a foreigner, even without any type of residency status. In general, you can own and operate your own business with only a tourist visa.

Does Costa Rica have Llc?

A Costa Rica LLC has several benefits including: tax exemptions, limited liability, only two members to form a LLC, no minimum authorized capital, freedom to conduct any type of business, easy mergers with foreign entities, and suitable for small companies.

Can a foreigner buy a house in Costa Rica?

1. Can a foreigner purchase Costa Rica real estate? Any foreigner, resident or non-resident has the same rights as a citizen, except for voting rights in presidential and municipal elections and can, therefore, purchase and own Costa Rica real estate legally.

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How much money do you need to live comfortably in Costa Rica?

Regardless of where you settle down, the overall cost of living is relatively low when compared to the United States and much of Europe. Most expats in Costa Rica can live comfortably on $1,000 to $1,500 USD per month.

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.

How do I become a legal resident of Costa Rica?

Applying for Residency in Costa Rica: A 10-Step Guide

  1. Step 1: Check Your Passport Expiration Date.
  2. Step 2: Gather Documents from Your Home Country.
  3. Step 3: Register with Your Consulate.
  4. Step 4: Notarize Your Passport.
  5. Step 5: Translate Documents.
  6. Step 6: Complete the Rest of Your Residency Packet.
  7. 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.

Are property taxes high in Costa Rica?

Property taxes in Costa Rica are very low – only 0.25% of the registered property value.

How long can you stay in Costa Rica with a US passport?

US passport must be valid for a minimum of one day from the day you enter Costa Rica. As a tourist US nationals cannot stay more than 90 days. For a stay longer than 90 days a residence permit must be established.

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Is healthcare free in Costa Rica?

Costa Rica does have free public healthcare, but only for Costa Rican citizens who are most financially in need. … While living in Costa Rica, you will need to pay into the Caja Costarricense de Seguro Social (CCSS). This is usually referred to as simply the Caja.