JD Supra Costa Rica

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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

• Medical and Industrial Cannabis Production in Costa Rica

  In recent years, the discussion around cannabis has evolved with its legalization in multiple jurisdictions. Latin and Central America have emerged as possible key players in the legal cannabis production and distribution market. We believe the time is right to start thinking about how to maximize...

• Costa Rica - Recommendations for employers regarding COVID-19

  Employers must be prepared to address any situation with their employees showing the possibility of a case of coronavirus (COVID-19) at the workplace. Here are some recommendations......

• Costa Rica: Alliance between the Ministry of Finance and the Department of the Treasury of the United States to strengthen the Costa Rican Tax Authority's control and supervision

  On September 30, 2020, the General Tax Administration published on its website the existence of an agreement between the Costa Rica Ministry of Finance and the Department of the Treasury of the United States of America, which aims to support the Costa Rican Tax Authority in strengthening controls...

• Costa Rica Approves Corporate Governance Regulations

  This article was contributed by ILN member firm Cordero & Cordero. Costa Rica published this Monday July 6th, 2009 on its official Newspaper “La Gaceta” the new regulatory frame regarding the practices of Corporate Governance which will be of mandatory application for entities that are...

• Littler Global Guide - Central America - Q2 2019

  Costa Rica | Additional Provisions of the Tax Plan Enforceable as of July 1, 2019 - New Legislation Enacted - On July 1, 2019, additional provisions of Law No. 9635, commonly known as the “Fiscal Reform,” came into effect. Although part of the Law passed in December of 2018, these provisions...

• Congress approves Tax Relief Project COVID-19

  Yesterday, March 17, 2020, the Costa Rican Congress approved, in first debate, the Tax Relief Project - COVID-19, which provides a number of tax measures intended to mitigate the effects of the outbreak in the local economy. ...

• Costa Rica: Government announces entry authorization for all states of the United States of America

  On October 2, 2020, the Government of Costa Rica announced the authorization of entry for all states of the United States, as of November 1. In addition, as of October 15, residents of the following states will be authorized to enter: Florida, Georgia, Texas....

• 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, ...