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introduction
property types
buying process
protection
financing
construction
corporation
requisites
corporation types
power of attorney
residency
conversion chart
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corporation types
In general, the positions outlined before are the minimum necessary for incorporation purposes and do not exclude the possibility of appointing vice-presidents, managers and others.
In Costa Rica corporations hav the same rights a Costarican citizen!
Foreigners can own a legal corporation in Costa Rica. Owners of a corporation can't be held
personal liable and assets are protected anonymously.
Basically there are 2 types of corporations; 1. Costa Rican Corporation (Sociedad Anonima or S.A.) 2. Limited Liability Company or LLC (Sociedad Responsabilidad Limitada or S.R.L) The principal difference between a limited liability company and a corporation lies in the level of administration. Instead of being run by the directors, the limited liability company can be managed by a manager with broad powers of attorney. There can also be more managers or vice-managers, as deemed appropriate by the owners. The LLC has all the benefits of the S.A. but not the administrative hassle of having annual shareholder meetings, certified accountancy, bookkeeping, etc. For both corporations, an initial capital stock of the company and the distribution of such stock needs be detailed. The minimum capital stock is US$ 10; however, most companies are incorporated with a minimum of US$ 100. |
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