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Costa Rican Company Details
Costa Rica Corporate structure allows a person control the company with out its name appearing. A company can be form and then send stocks endorsed to real owner. Ownership of a Costa Rican corporation is invested in whoever physically has the stock.
Coporation Name
The name of the corporation can be in any language but must include the suffix of "Sociedad Anonima", or “anonymous society”, so corporation names are appended with “S.A.”.
Ready Made Corporations
Usually takes a month to create a Corporation, but we have already made ones to avoid this inconvenient.
Authorized Capital
There is a minimum of 2,000°° “colones” authorized capital. The shares of the corporation are common and represent by equal parts the authorized capital. However, usually we make companies with 10,000°° "colones" capital, about US$20°°, divided in one hundred shares. To start a company at least two stock holders are needed, after that the stocks can be endorsed in blank to a single owner.
Directors
Must be at least four officers: President, Fiscal, Secretary and Treasurer. There are no restrictions in respect of the domicile, nationality or residence of directors. We can provide the nominee directors and officers.
Resident Agent
Costa Rican legislation requires that each corporation has a lawyer as a Resident Agent in Costa Rica and registered office.
Information which is Recorded in the Public Registry
Articles of Incorporation or Charter, names and addresses of the founding partners, names of the Directors and Resident Agent. To keep confidentially the person who physically has the endorsed stocks doesn’t need to be registered.
Authorized Books
The company must have a Minutes of General Assembly Book, a Minutes of Board of Directors Book, a Shareholders Registry Book, and the three accounting books. These documents must be authorized by a competent Taxing Authority, and can be stored in any part of the world, but we prefer to keep the books in our custody for any change needed.
Filing of Financial Statements
Corporations that do not have economical operations in Costa Rica, are not required to file a Financial Statement before any National Authority. However pays annual government fee and needs to fill annual form tax report.
Meetings
Corporations that do not have operations in the Costa Rica are not requiring to hold any annual meeting.
Taxing Treatment
Costa Rican tax law is territorial. Since no commercial income is generated in Costa Rica, no tax is paid. This provides a very attractive setting for international business owners who are seeking a completely tax free haven and confidential arena.
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