Tax and accounting regulations

Summary of Requirements for a Costa Rica S.A.

General Information
Type of Company Private Corporation S.A.
Timescale to incorporate Approx. 10 working days
Corporate Taxation Nil
Double Tax Treaty Access: No.
Directors
Minimum No. Required 3 required, President, Secretary & Treasurer. May be individual or Corporate
Local Director Required No
Publicly accessible information No
Location of Meetings Anywhere
Shareholders
Minimum No. Required 2, 100% foreign shareholders allowed. May be the same as directors. Can be individual or corporate.
Publicly accessible information No
Location of Meetings Anywhere
Company Secretary
Required Yes
Local Secretary Required No
Registered Office / Agent Required Yes
Share Capital
Standard Currency CR Colones / USD
Standard Authorised 10,000 CR Colones / Approx. USD 30.00
Minimum Paid Up Capital At least 25% of the issued share capital must be paid up upon incorporation.
Accounting & Compliance
Requirements to prepare Accounts Yes
Requirement for Audit No
Local Auditor Required N/A
Requirement to File Accounts No
Requirement to file Annual Return No
Accounting Year End The fiscal year runs from 1st October until the 30thSeptember however an application may be made to the authorities to adopt a different year end
Additional Information
Bank Account Opening Eltoma Corporate Services can open a bank account in Cyprus for a Costa Rica S.A. without presence. We can also offer bank accounts in a number of other jurisdictions, please contact us for information.

Taxation:

Individual Tax Rate:
  • Territorial principle of taxation. Individuals are taxed only on income earned in Costa Rica.
Corporate Income Tax Rate:
  • Territorial principle of taxation. Corporations are taxed only on income earned in Costa Rica.
Taxation of Dividends:
  • None
Capital Gains Tax:
  • None
Withholding Tax:
  • None

Take the next step, we are here to help.

Register a Costa Rica company.
Open a Costa Rica bank account.

  Resources:

 

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