Costa Rica (CR)

Original price was: $ 3,299.00.Current price is: $ 2,900.00.

Over 1,000 businesses partner with us for our company services. |  Ready to register ? | Speak with our Experts |Over 1,000 businesses partner with us for our company services. |  Ready to register ? | Speak with our Experts |

Incorporation Details

Fee schedule
Country First year Annual fee
Costa Rica (CR) US$ 2,999 US$ 2,690

*** To maintain good standing, your Costa Rica (CR) company must pay an annual renewal fee. This fee is a flat rate and free from hidden charges.

What’s included for 2999

● Incorporation of Company
● Costa Rica (CR) Government Registration Fees
● Registered Office for 1 year
● Registered Agent for 1 year
● Certificate of Incorporation
● Memorandum of Association
● Register of Members
● Membership Certificates
● Lifetime support

Why Costa Rica (CR)

Costa Rica is a top destination for business incorporation due to its favorable tax policies, political stability, and strategic location. Whether you’re an entrepreneur, investor, or digital nomad, here’s why Costa Rica is an attractive place to register a company.

Benefits of opening a company in Costa Rica (CR)
  • . Limited Liability Protection

Shareholders (owners) are not personally liable for the company’s debts or obligations.

Their liability is limited to their investment in the company.

  • Low Taxation & Business-Friendly Environment
  • No Minimum Capital Requirement
  • 100% Foreign Ownership Allowed

You do not need a local partner—foreigners can own 100% of the company.

  • Ideal for Small & Medium Businesses

An S.R.L. is a great option for consulting firms, e-commerce businesses, tourism companies, and real estate ventures.Perfect for businesses that don’t need a public stock offering.

  • Strong Privacy Protection

Owner names are not publicly listed, offering greater privacy.

The company structure allows confidential business operations.

Types of Business Entities in Costa Rica (CR)

Costa Rica offers several types of business structures, each suited for different business needs. Below is a breakdown of the most common types of companies you can register:

SOCIEDAD DE RESPONSABILIDAD LIMITADA (S.R.L.) – LIMITED LIABILITY COMPANY

Best for: Small & medium businesses, consulting firms, e-commerce, startups.

🔹 Key Features:

  • Limited liability for owners (only responsible for their investment).
  • Ownership is divided into quotas (not shares), making it harder to transfer.
  • No board of directors required, only a manager (Gerente).
  • More privacy – owner names are not publicly listed.
  • Foreigners can own 100% of the company.

🔹 Tax Benefits:

  • No tax on foreign-sourced income (if structured correctly).
  • Lower corporate tax rates for small businesses.

SOCIEDAD ANÓNIMA (S.A.) – CORPORATION

✅ Best for: Larger businesses, companies seeking investors, public offerings.

🔹 Key Features:

  • Divided into shares, making it easier to transfer ownership.
  • Requires at least 2 shareholders and a board of directors.
  • More administrative work (mandatory meetings, audits).
  • Publicly listed shareholders, meaning less privacy than an S.R.L.

🔹 Tax Benefits:

  • Same tax structure as an S.R.L., but better suited for larger-scale operations.

EMPRESA INDIVIDUAL DE RESPONSABILIDAD LIMITADA (E.I.R.L.) – SINGLE-PERSON LIMITED LIABILITY COMPANY

✅ Best for: Solopreneurs, freelancers, consultants.

🔹 Key Features:

One-person company – the owner has limited liability.

Cannot sell ownership or shares to others.

Simple to register and manage.

SOCIEDAD COLECTIVA – GENERAL PARTNERSHIP

Best for: Small businesses with two or more partners.

🔹 Key Features:

  • All partners share full liability (personal assets are at risk).
  • Profits & losses are distributed based on the partnership agreement.
  • No separation between personal and business finances.

SOCIEDAD EN COMANDITA – LIMITED PARTNERSHIP

Best for: Investors & passive business partners.

🔹 Key Features:

  • Has two types of partners:
    • “Comanditados” (General Partners) – Have unlimited liability.
    • “Comanditarios” (Limited Partners) – Liability limited to their investment.
  • Good for businesses needing outside investors without giving them full control.
Incorporation Procedure

Documents from individuals:

  • Certified Copy of a Passport
  • Certified Copy of a Utility Bill e.g., Gas / Electrical or Bank Statement (dated within the last 3 months)
  • 3 Proposed company name
  • Completed Application Form (we will provide).

Documents from legal entities:

  • Copy of the Certificate of Incorporation;
  • Copies of incorporation documents (Articles of Association and Memorandum of Association).
  • Register of directors/shareholders/members

Note: Where documents are in a language other than English, a certified translation of the full document into English must be provided, with the original document.

Company Structure
  • Minimum Number of Directors: One, who may be a natural person or a corporate body.
  • Minimum Number of Shareholders: One, which can be the same entity as the director.
  • Beneficial Owners: While beneficial owners are not part of public records, you must provide this information to the Registered Agent who maintains confidentiality.
Timeline

Once we have received all the required identification documents, the company formation process will take approximately 15 working days subject to compliance review.

Taxation Policies

Costa Rica has a territorial tax system, meaning only income earned within the country is taxable. This makes it an attractive destination for entrepreneurs, foreign investors, and digital businesses. Below is a breakdown of key tax policies in Costa Rica.

No tax on foreign-earned income (ideal for remote businesses & expats).

Low corporate tax rates for small businesses.

No capital gains tax (except for business transactions).

Territorial tax system – Only Costa Rican income is taxed.

Standard VAT Rate: 13% (applies to most goods & services).

Only Costa Rican-sourced income is taxed – Foreign-earned income is not subject to taxation.

🔹 Corporate Tax Rates (2024)

  • Small Businesses (Gross Revenue ≤ ₡112 million ≈ $210,000 USD):
    • 5% on the first ₡5 million (~$9,500 USD)
    • 10% on ₡5M – ₡7.5M (~$9,500 – $14,000 USD)
    • 15% on ₡7.5M – ₡10M (~$14,000 – $19,000 USD)
    • 20% on ₡10M – ₡112M (~$19,000 – $210,000 USD)
  • Large Businesses (Gross Revenue > ₡112 million ≈ $210,000 USD):
    • 30% flat tax on net profits
Accounting and Audit Requirements

✅ All companies must maintain proper financial records.

🔹 Mandatory Accounting Records:

  • General Ledger (Libro Diario) – Records all transactions.
  • Inventory Register (if applicable) – Required for businesses with physical goods.
  • Accounts Payable & Receivable – For tracking financial obligations.
  • Payroll Records – If the business has employees.

🔹 Accounting Standards:

  • Costa Rica follows International Financial Reporting Standards (IFRS).
  • Small businesses can apply simplified IFRS (IFRS for SMEs).

**All businesses must maintain proper books, even if no local income is earned.

✅ All businesses must prepare annual financial statements.

🔹 Required Financial Reports:

  • Balance Sheet – Assets, liabilities, and equity.
  • Income Statement – Revenue, expenses, and profits.
  • Cash Flow Statement – Movement of cash in and out of the company.

🔹 Submission Requirements:

  • Small businesses are not required to submit financial statements unless requested.
  • Large companies & regulated industries (banks, insurance, etc.) must submit reports to the Tax Administration (Hacienda) and other regulators.

✅ Audits are only required for certain businesses.

🔹 Who Must Undergo an Audit?
✔ Companies that exceed ₡40M (~$75,000 USD) in assets or revenue.
✔ Public companies or businesses in regulated industries (banks, insurance, pension funds).
✔ Large taxpayers designated by the tax authority.
✔ Companies seeking loans or government contracts.

All companies must file annual tax returns.

🔹 Key Tax Filings:
1️⃣ Corporate Income Tax Return (D-101) – Due by March 15 each year.
2️⃣ VAT (D-104)
– Monthly filing for businesses subject to VAT.
3️⃣ Payroll Taxes – Monthly filing for businesses with employees.

Contact us for complete assistance in opening an offshore company in Costa Rica.

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Follow the right path with the right procedure

STEP 01

Select package and submit KYC documents

STEP 02

Sign application forms and do due diligence requirements

STEP 03

Submit the application and receive corporate documents

STEP 04

Annual registration renewal to keep business in good standing