| 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. |
