Exclusive to A.M. Costa Rica
People who were caught off-guard and missed the special provision to revive companies that the Registro Nacional killed last year may have a second chance to do so. For those using companies in Costa Rica to do business or hold assets here is a review of the details.
Back in 2011 Costa Rica passed a law on tax company structures like sociedades anónimas, limited liability entities and the like. Parts of the law, Law 9024, were found unconstitutional in 2015 and the tax ended in 2016. The country enjoyed the money it generated during the time of the assessment, so, after much controversy, a new law, Law 9428, replaced Law 9024 last year. [Read more…]