As you know, with the approval of law #9416 and its regulations, you must proceed with the mandatory disclosure for corporations and legal entities, submitting the requested records to the Central Bank of Costa Rica (BCCR). Scheduled of submission deadlines for the corporations for this first submission: To obtain a digital signature card, “firma digital”, interested parties must make an appointment at
For many years property owners in Costa Rica never had to worry about capital gains when selling their Costa Rican real estate. The existing law only applied capital gains tax to real estate developers that were in the business of developing and selling real estate. Everybody else was exempt. Recent changes to the Costa Rican
Text translated, adapted for English, and taken from the Costa Rican national newspaper La Republica. This article was published on Monday, December 10th, 2018. It was written by Costa Rican lawyer Douglas Soto. For the original Spanish version follow this link: https://www.larepublica.net/noticia/registro-de-transparencia-o-beneficiarios-finales As a mechanism to provide the State with more tools to combat tax
The purpose of this blog is to provide you, our clients, with detailed information regarding the Luxury Home Tax, formally identified as the “Solidarity Tax to Strengthen Housing Programs” 1. What is the Luxury Home Tax? The luxury home tax is levied on residential properties with a construction value exceeding $ 216,500.00 (fixed or permanent
The 2018 Elections As you may or may not have known this past April the Costa Rican legislature had to take an important decision at their government elections; whether they took the right or wrong decision is up to them and it won’t be the topic of this blog. On the contrary, what will be
1. They work for an agency. We see many people in the area hawking properties. Your local taxi driver will likely offer a ton of properties on your way from the airport. If you buy a cold coconut in the street, well, that guy probably has something more to sell you. A REAL-tor will be
The world gives us many intriguing sparks to analyze and enrich our knowledge. The animals, plants, minerals, and every single natural event draw our attention and our natural curiosity. We humans have secrets and many of them still do not have an answer. The Blue Zone is a modern concept forged by two academics Gianni
Among the amazing things our world has to offer, the World Heritage Sites are the most important and unique masterpieces our cultures and nature give us. I’m sure most of you know what I’m talking about, but just to be clear, all these sites have been selected by the UNESCO on the basis of having
This blog is for entertainment and your information! No matter what country you come from in the “first world’ you haven’t experienced the type of driving they do in Costa Rica. Let’s start with the ‘normal’ rules. If you are driving in the city here there are stop lights. They are more or less used
Yes, let’s say it clearly: There are plenty of sports you can practice without even saying “surf”. The fact that Tamarindo, Avellanas, or Playa Negra are considered surfer’s dream locations don’t necessarily mean you can only surf there. Especially, if we are speaking about sports so, let’s find out what you can do! Of course,