Costa Rica's maritime land zone, governed by the principle of sovereignty as defined in international law, encompasses the 200-meter-wide strip along the Atlantic and Pacific coastlines. This area includes islands, islets, and maritime rocks, as well as any land or natural formation protruding from the ocean's surface. Within the maritime land zone, there are two distinct sections: the public zone, a...
Costa Rica, with its stunning landscapes and welcoming culture, has become a sought-after destination for expatriates. For those considering long-term residency, understanding the country's residency options is crucial. This guide provides a brief overview of the most common residency categories in Costa Rica: Pensionado, Rentista, and Investor visas. Pensionado Visa: Ideal for Retirees The...
A Corporation (Sociedad Anonima or S.A) is a legal entity where one participates as a shareholder through a specific number of shares of a determined value. The social capital constitutes a distinct entity from personal assets. Agencies or branches can be established inside and outside of Costa Rica, engaging in various business activities. If one wishes to invest or conduct activities without personal...
Corporation vs. Limited Liability Company: Choosing Between a Corporation (Sociedad Anonima) and a Limited Liability Company (Sociedad de Responsabilidad Limitada) The most commonly used corporate structures are the Corporation (Sociedad Anonima or S.A.), and the Limited Liability Company (Sociedad de Responsabilidad Limitada, Limitada, S.R.L., or Ltda.). Generally, clients are generally advised to open a...
Costa Rica, a favored destination for both tourists and business travelers, has extended its maximum stay period to 180 days for Group One visitors. This significant decision emphasizes the nation’s commitment to offering an extended experience for travelers and professionals, further establishing Costa Rica as a premier destination for prolonged visits and fruitful collaborations. A Noteworthy...
In recent years, Costa Rica has emerged as a sought-after destination for digital nomads seeking an idyllic work-life balance amidst breathtaking natural landscapes. The country’s Digital Nomad Visa program offers a seamless transition for international residents to work remotely in the land of “pura vida,” extending a 90-day tourist visa to a full year, with the option to renew for an additional...
Owning assets through commercial entities with no economic activity is a unique aspect of Costa Rican regulations, setting it apart from many other jurisdictions. What's often overlooked is that merely having a legal entity is insufficient; there are various commercial and tax responsibilities to meet, even when the company is entirely inactive. You are required to maintain a shareholder register,...
