| 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. |
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