JD Supra Costa Rica

Publisher:
JD Supra
Publication date:
2019-04-29

Publisher

Latest documents

  • Establishing a Business Entity in Costa Rica (Updated)

    1. Types of Business Entities in Costa Rica - The most common types of business entities in Costa Rica are Corporations, known in Spanish as “Sociedades Anónimas” (also referred to as “S.A.´s”), and Limited Liability Companies, known in Spanish as “Sociedades de Responsabilidad Limitada” (also referred to as “Limitada,” “Ltda” or “SRLA”), which the Costa Rican Code of Commerce governs.

  • Buying and Selling Real Estate in Costa Rica (Updated)

    KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER COSTA RICAN LAW - General - Real estate law in Costa Rica is governed by the principles established in the Costa Rican Civil Code for acquiring, selling, and disposing of property. The official registration of real property is made through a registry system, which the Real Property Registry of the Costa Rican National Registry administers. This system consists of a deed registration system, which provides for the public registration of legal instruments affecting land.

  • Buying and Selling Real Estate in Costa Rica (Updated)

    KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER COSTA RICAN LAW - General - Real estate law in Costa Rica is governed by the principles established in the Costa Rican Civil Code for acquiring, selling and in any way disposing of property. The official registration of real property is made through a registry system, which is administered by the Real Property Registry of the Costa Rican National Registry. This system consists of a registration deed system, which provides for the public registration of instruments affecting land. Please see full Chapter below for more information.

  • Establishing A Business Entity In Costa Rica (Updated)

    1. Types of Business Entities in Costa Rica - The most common types of business entities in Costa Rica are Corporations, known as Sociedades Anónimas (also referred to as “S.A.”), and Limited Liability Companies, known as Sociedades de Responsabilidad Limitada (also referred to as “Limitada” or “Ltda.”), which are governed by the Costa Rican Code of Commerce. Please see full Chapter below for more information.

  • Establishing A Business Entity In Costa Rica (Updated)

    1. Types of Business Entities in Costa Rica - The most common types of business entities in Costa Rica are Corporations, known as Sociedades Anónimas (also referred to as “S.A.”), and Limited Liability Companies, known as Sociedades de Responsabilidad Limitada (also referred to as “Limitada” or “Ltda.”), which are governed by the Costa Rican Code of Commerce. The Costa Rican Code of Commerce also establishes three other business forms: Sole Proprietorship Companies, also known as “One Man Companies”; Partnerships; and Collective Name Companies. No additional reference will be made to these types of business forms, since they are less used in Costa Rican business practice. Please see full Chapter below for more information.

  • Costa Rica: Law to extend the application of work shift reductions for up to one year for the tourism sector (Law 9982)

    On May 21, 2021, Law 9982 came into force, extending the application of work shift reductions for companies in the tourism sector. Consequently, for up to one year, and as long as the state of emergency continues, the tourism sector can apply for the authorization of the said reductions, at the Ministry of Labor.

  • Costa Rica: Amendment to the Law Against Sexual Harassment – Obligation to keep a record of disciplinary sanctions

    On 29 April 2021, an amendment to articles 5 and 34 of the Law Against Sexual Harassment was published in the Official Gazette. The amendment provides the obligation of employers to keep an updated record of any disciplinary sanction related to sexual harassment conducts of its employees.

  • Costa Rica: Q&A - Employer COVID-19 Vaccination Policies (UPDATED)

    WLG asked member firms around the globe to provide some insight on employer and employee rights when it comes to requiring the COVID-19 vaccine to return to work. Responses for Costa Rica have been updated with new questions since its initial publication in January.

  • Costa Rica: Extension of the deadline to comply with the 2021 Ultimate Beneficial Owner (UBO) Registry

    The deadline for filing the UBO 2021 was extended another month, as per the publication of April 29, 2021, on the Official Gazette. Originally, the deadline to comply with this obligation was on April 30, 2021, and the new deadline for filing is May 31, 2021.

  • Costa Rica: Recent amendments to immigration measures

    Resolution No. DJUR-0031-03-2021-JM, published in The Official Gazette No. 43 of 3 March 2021, some temporary administrative measures were amended by the Immigration Authorities (DGME), of interest to our clients...

Featured documents

  • Employment Law in Costa Rica: A Country Protective of its Employees and Natural Environment

    On January 9, 2013 it was reported in thecostaricanews.com that the Costa Rican government has announced a new aggressive policy to attract foreign investment. According to the article, the government of Costa Rican’s President Laura Chinchilla Miranda, elected in 2010, stated that: 1) the national ...

  • Costa Rica prepares the ground for the continued promotion and development of Public Private Partnerships

    The Legislative Assembly approved a reform to several provisions of the General Law of Concession of Public Works with Public Services that President Carlos Alvarado enacted on July 18, 2019....

  • COVID-19 recent restrictions to enter Costa Rica

    By decree, on March 16, 2020, the Government of Costa Rica instructed that, from 23:59 hours on Wednesday, March 18, 2020, through 23:59 hours on Sunday, April 12, 2020, only Costa Rican citizens and Costa Rican residents may enter the country. This entry restriction applies to travel by sea, land, ...

  • Costa Rica: Government announces entry authorization for Central America, Belize and Panama

    On October 8, 2020, the Government of Costa Rica announced the opening of the air borders for Honduras, El Salvador, Guatemala, Nicaragua, Belize, and Panama, as of today, October 15. Travelers may only enter through air borders; land borders will continue to be closed....

  • International Privacy - 2013 Year in Review - Central and South America

    1. Costa Rica - On March 5, 2013, Costa Rica’s data protection law, originally passed in 2011, came into force. The law, the Ley Protección de la Persona frente al tratamiento de sus datos personales, Law 8968, requires explicit data subject consent for any processing of data. Under ...

  • Dual Education and Dual Technical Training

    Law No. 20.786, which is known as Dual Education and Dual Technical Training Law, was approved by the Legislature on August 12, 2019. The law sets forth new conditions which allow students to train in two learning areas: a) in a school or training institution with professional technical training,...

  • Costa Rica – Breach and renegotiation of contracts due to COVID-19

    This is a good moment to evaluate renegotiating contracts with your business partners, workers, landlords, suppliers, or creditors. Likewise, if you are a worker, a landlord or a creditor, in the next few days you will surely receive requests to renegotiate your contractual relationships....

  • Costa Rica: Private Sector Minimum Salary Increase as of January 2021

    The National Salary Council approved the minimum salary increase for private-sector employees, effective January 1, 2021, and will be valid for one year. The general increase percentage this time is 0.30% and 2.33% for domestic service employees....

  • Doing Business in Latin America and The Caribbean: Costa Rica

    In the last ten to fifteen years, Costa Rica has expanded its economy to include strong technology, services and tourism sectors. Its 2012 population was estimated at just over 4.6 million people. The Costa Rican legal system is based on the Spanish civil law system with judicial review of...

  • Law to Regulate Telework in Costa Rica

    The Legislature approved in first debate, by the unanimous vote of the 52 representatives present at the time of the vote, Law No. 21,141, called “Law to Regulate Telework”. Once approved in the second debate, which is expected to be very soon, the Executive Branch has three months to prepare the...

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