Tax and accounting regulations

Summary of Requirements for a Costa Rica S.A.

General Information
Type of CompanyPrivate Corporation S.A.
Timescale to incorporateApprox. 10 working days
Corporate TaxationNil
Double Tax Treaty Access:No.
Directors
Minimum No. Required3 required, President, Secretary & Treasurer. May be individual or Corporate
Local Director RequiredNo
Publicly accessible informationNo
Location of MeetingsAnywhere
Shareholders
Minimum No. Required2, 100% foreign shareholders allowed. May be the same as directors. Can be individual or corporate.
Publicly accessible informationNo
Location of MeetingsAnywhere
Company Secretary
RequiredYes
Local Secretary RequiredNo
Registered Office / Agent RequiredYes
Share Capital
Standard CurrencyCR Colones / USD
Standard Authorised10,000 CR Colones / Approx. USD 30.00
Minimum Paid Up CapitalAt least 25% of the issued share capital must be paid up upon incorporation.
Accounting & Compliance
Requirements to prepare AccountsYes
Requirement for AuditNo
Local Auditor RequiredN/A
Requirement to File AccountsNo
Requirement to file Annual ReturnNo
Accounting Year EndThe 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 OpeningEltoma 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