Requirements

Costa Rica Corporation Requirements

The procedures for registering an offshore limited liability company in Costa Rica are briefly explained below. The Law Office of Meléndez and Bonilla can ensure that your business structure is tailored to your specific needs of business formation. We are an experienced incorporation firm that is fully equipped and qualified to incorporate your business and set you on the road to success. We have the experience and the expertise to help anyone start and incorporate a business.

Listed below are the preliminary requirements:

Choose a Company Name

First, it is necessary to choose corporate name, although it is possible for its name to be the same as the legal identification number. We then consult the National Business Registry to see if your choosen name is avaliable. The name must be unique and not easily confused with the name of an existing corporation or trademark.

Objectives of the company

The main activities of the proposed company must be provided. It should be detailed as much as possible and should project the company’s vision and mission. It can also include general activities, such as engaging in general trade, internet business, and industry. If the corporate activity is related to financial, stock market operations, banking, or insurance, it is necessary to request authorization from the State supervisory entities.

Directors

An S.R.L. corporation must have at least one manager appointed. There is no limit on the number of managers that can be appointed and they can be appointed and removed by a quota holder's assembly. These positions can be occupied by quota holders or not, and there is no restriction on nationality.

A S.A. corporation in Costa Rica is governed by a board of directors, which is composed of a minimum of four members, president, secretary, treasurer, and fiscal. There can any number of board members, for example a Vice President, an additional secretary, or others. These positions can be occupied by shareholders or not, and there is no restriction on nationality.

For the appointment of the director the following information is needed:

a. Full name

b. Copy of photo page of the passport

c. Address

d. Email

e. Occupation

f. Marital status

Registered office

It is also a requirement of the law that the company must have a registered office in Costa Rica, which may be used as the business address of the company. Our own office address can be used as such.

Time needed to register a company

The formation and registration of the company including all the formalities can be completed within two to three weeks.

Documents to be provided to the owners:

On registration of the company we supply the owners with full documentation, properly legalized and translated into English comprising of

a. Certificate of registration

b. Memorandum and articles of association

c. English translation of Memorandum and articles of association

d. Corporate Identification Number from the National Registry

e. Corporate Shareholders' registration book

f. Corporate Acts of the shareholders' book

g. Corporate Shares