introduction
property types
buying process
protection
financing
construction
corporation
requisites
corporation types
power of attorney
residency
conversion chart
disclaimer
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power of attorney
In Costa Rica, there are various types of Powers of Attorney, among them and the most commonly used are
Full, General and Special, all of which can be limited in kind, in time and in amount:
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Full Power of Attorney: allows purchase, sale, mortgage, etc. of any goods that the corporation may have.
It also empowers to sign checks, pay invoices, contract with suppliers, etc. It can be limited, both in the
type of acts that are permitted and prohibited, as well as in total amount of each of the acts or contracts.
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General Power of Attorney: is solely intended to be used for administrative purposes, such as contracting
of personnel for business purposes, signing invoices and, in general, any other document which is strictly
related to the company's scope of activity. Can also be limited in the amount of the acts.
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Special Power of Attorney: entitles the representative to execute one or more specific acts, whether of
administration or disposition. One special characteristic of this power of attorney is that, as opposed
to the two previously explained powers of attorney, it does not need to be recorded in the Mercantile
Section of the Public Registry.
Setting up a corporations cost between $ 400 - $ 600 and will take approximately 4 weeks if everything goes smooth!
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