The solution to your Costa Rican corporation problems
You might not even know you have Costa Rican corporation problems. Especially if your corporation owns property in Costa Rica. Or if you own a corporation and you’re not a citizen or resident. We now have the perfect solution for you.
Find 3 solutions, depending on your own needs below and fill out the form.
Changes in the laws have made it more difficult for property owners who in the past incorporated their property into an S.A. or some other form of corporation. Those changes oblige property owners to resolve all their Costa Rican corporation problems.
Allow me to make a summary for you:
1. Corporation Tax
Active and inactive corporations have to pay corporation tax or “Impuesto a las Personas Jurídicas” since 2017. This tax can only be paid if you have a bank account in Costa Rica.
2. Digital Signature
Starting September 2019, the Costa Rica Central Bank will require every Costa Rican corporation to list their shareholders publically utilizing a digital signature system. The complete disclosure of all of the final beneficiaries of the shares is mandatory.
The digital signature required for company shareholder registrations may only be obtained and utilized by a Costa Rican Citizen, or a foreigner holding Costa Rica Residency (DIMEX).
The registration must be done each year during April (1st-30th).
3. Tax return
It is possible that there will be a requirement to file a tax return for both active and non-active Costa Rican corporation. The tax authorities will want you to declare the assets in order to establish the calculation for the new capital gain tax in the future.
4. Form D-140
It is mandatory for every Costa Rican corporation to file Form D-140 after 30 days of its constitution. This is necessary to register the corporation at the Ministerio de Hacienda for informative purposes and acquire a username and password in order to get access to the ATV. If your corporation that has been constituted years ago hasn’t filed yet, this needs to be done in person.
5. Corporate books
Do you remember where you put the corporate books? Most property owners don’t! Now the need replacement, such a hassle.
Anyway, the books must remain in Costa Rica in order to comply with the registration of shareholders before the Costa Rican Central Bank. Also, it will be handy to keep the books here should you need to grant a POA without you coming down to Costa Rica. It’s like remote controlling your corporation. Courier cost for sending the books to Costa Rica one time is included in the package.
6. Property tax
For property tax payments you either need to have a Costa Rican bank account or go in person to the Municipality where the property is located.
It is mandatory, every 5 years, for the property owner to declare the value of the property. If not, the municipality will update the value themselves.
Relax, you just found the solution. Depending on your own needs, there are 3 solutions to your Costa Rican corporation problems. Just fill out the form and click the desired package.
Fill out the form below so we can contact you with the provider. Our provider uses Kipo for easy and low-cost wiring of the funds.
Basic Package $349 per year
- Keep your corporate books in custody
- Supply you with a Costa Rican address for legal notifications
- Supply you with a Resident Agent
- Provide one certificate for legal presentation
- Payment and maintenance of “Timbre de Educación y Cultura”
All Inclusive Package $499 per year
- Basic package
- Annual property tax payment (some areas are excluded)
- Annual corporation tax payment Law #9428
Premium Package $849 per year
- Basic Package + All Inclusive Package
- Property Monitoring for Fraudulent Transfers, Liens & Encumbrances (Monthly)
- Shareholder registration according to Law 9416 – Digital Signature
- Income Tax Declaration and registration of assets, should it become mandatory in the near future.