The Costa Rica Corporation Relating to Offshore Business

The Switzerland of the offshore business world

Costa Rica is probably one of the lesser known countries offering very beneficial tax deferment options. It provides an excellent option to anyone who wishes to conduct their offshore investing and reduce taxes in the process. Likened in many ways to the Swiss banking system for its confidentiality, Costa Rica offers many creative business incentives, and due to its relative anonymity it is not clearly identified as an offshore haven by many governments around the world. Their financial services offered, including banking status and movements, are strictly withheld from any outside government agencies, and any information which is conveyed to local service providers such as notaries is fully protected by law.

Costa Rica borders Panama and shares many of its provisions, through its corporate laws, to provide a person with the control of an offshore company, but without being named publicly. Nominees are usually provided for the relevant board positions with the actual ownership remaining private. This ownership of an offshore company is embedded to the person who holds the stock certificates. Companies can formed as joint stock companies, that is to say they have at least two shareholders.

Local laws are slightly different to that of Panama in that there is a need to provide an annual tax report, but this can be arranged by us when the annual fees are paid. The country allows freedom to deal in many types of activity, in Costa Rica and elsewhere, and the business does not pay on anything it owns outside of the country.

Due to its Spanish customs, corporate names are always in that language and the traditional SA suffix is standard. Share capital is issued in units of local currency which equates to circa 30 US $ and a minimum of 4 officers are mandatory; as previously stated they can be arranged for you if you so wish.

Costa Rica has all the advantages of an offshore provision but is not generally noted for this. It goes about its business in the same professional manner, offering some of the best options to the would-be investor. For further details, please contact us so we can provide a personal overview for your consideration, which suits your needs and clarifies any questions you may have in considering Costa Rica as a great option.