Frequently Asked Questions

Just about everybody: from entrepreneurs in the SOHO (small office or home office) segment to small and medium enterprises (SME), to large businesses and empires with diversified interests and varied business processes. Every business benefits hugely through outsourcing because technology is changing so fast, it has to be leveraged and used to the maximum to deliver competitive advantage to a company.

There are many risks in outsourcing offshore but it is good to know first what it can provide. Surveys and studies have proven that more than 90% of Fortune 500 companies outsource some part of their operations. In the face of such clear indicators, why would some organizations hesitate to outsource? The answer could lie in the bad experiences with previous outsourcing attempts. Risks are always around in business. It is justly a matter of managing it intelligently and producing right profits for the investment.

Many issues need to be addressed before choosing an outsourcing partner. Moreover, once the developer or service provider is selected, it is not enough to just sit on one's heels and assume that the outsourced projects would just work fine. Understanding outsourcing relationships is primary to the success of a project. Constant communication with the outsourcing partner is the best way in order to have 100% success for your projects.

Here are a few tips on how to evaluate your development partner/service provider. A few things that you need to watch out for are requirements document, a development methodology, clear and excellent communication channels and the ability to understand and think ahead of a business model. A service provider offering programmers on Full Time Engagement (contract basis) is also a best bet.

Here are few advantages of going offshore: Privacy, Asset Protection, Taxation, Estate Planning, Asset

Diversification, and Access to Investments.

Yes, as stated above, it is in Costa Rica that you can find the best solution for all types of business ventures. It is the best place to put up your business and investments because of low taxation combined with an highly competitive labor force.

The firm prides itself in its business consulting expertise which encompasses a wide spectrum of consulting services. Assignments undertaken by the law firm include the preparation of feasibility studies and business plans, the conduct of company valuations and the definition and implementation of Business Processes. The law firm also deals and offers advice on a variety of issues such as direct foreign investment, business acquisitions, financing proposals and other services.

This question can be divided into three major services that we provide:

Professional Services

All commercial matters and the areas of legislation that relate to your company: Labor, Administrative rights, Registrar, Tributary, and Traffic; also, Notary Services for the legalization of any legal instrument, consulting for legal actions and contracts, the emission of certifications, title searches and the inscription steps to register property and titles are also available.

Business laws, rules, and regulations

Since this is our specialty, we offer legal advice in all areas that concern or affect your company, and all aspects of the law that involve commercial activity:

The formation of companies, private and public

Power of attorney, general and specific

Certification of company powers (Personerías)

Trade marks and commercial names

Public notary documents (Escrituras)

Leases and rent contracts

Loans and mortgages

Operating permission for affiliated companies or foreign branches

Collections by legal process

Study and correction of contracts

Preparation and professional formulation of internal work regulations

Demands or defense of a labor demand

Workman Benefits and Labor Rights

Administrative recruiting (within the country)

Imports and exports

Motor vehicle license plates (all of the laws that relate to vehicles)

Immigration and Residency Services

The first step we offer with our services is to obtain immigration permissions for all of the investors and/or foreign the company may need.

We also offer legal representation and services, in case your company may become involved in penal matters beyond its control. Swindle, robbery, theft, fraudulent administration, undue retention, labor, and other problems of this type are where you would then require legal representation.

What are the advantages that Costa Rica can offer specially regarding with taxation of foreign employees?

Foreign employees working in Costa Rica are taxed at normal rates whether resident or non-resident. There are no special arrangements for expatriate workers; indeed they and their employers pay full social security contributions although they can receive little benefit from it.

The cost of labor is very minimal as an implication of low taxes and competitive individuals, which have excelled world’s standards, makes Costa Rica number one in offshore businesses. The total cost of labor depends on the way you intelligently manage your resources. There are excellent individuals who are willing to work to starting companies in low compensation but looking forward for long-term success.

Yes. The banks of Costa Rica have very strict confidentiality and your information is legally protected. You can rest assured that all your companie's information, bank statements, and profiles are legally protected and will not be disclosed for public or private use.

No one can work in Costa Rica without first obtaining a work permit, which may take between 60 days and 90 days to be approved. Work permits are valid for one year and require annual renewal.

A company which has more than 30 employees can apply for a general work permit enabling it to bring foreign technicians and executives to work in the jurisdiction without the need to make an individual application for each person it wishes to engage. Such a permit is valid for one year and must also be renewed annually.

The labor code limits the percentage of foreigners working in each corporation, depending on the type of business being done by the corporation. Moreover, foreigners cannot occupy jobs for which Costa Rica nationals are available unless special permission is granted.

Please contact us for more information on how a Costa Rican Corporation can benefit your business and how to establish your own.