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Services
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Fees (USD)
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Total cost of company incorporation with one shareholder and standard articles
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3 500
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Nominee director
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3 000
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Bank account opening
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from 1 210[1]
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Total:
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from USD 7 710
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Incorporation of a Costa Rican company includes the following steps:
1. company name to be checked for its availability (at least two names), which name:
2. company structure (directors, shareholders);
3. activity and geography of business.
documents for directors / shareholders / attorneys:
for company incorporation, having the documents signed by the directors and shareholders.
The incorporation of a company can take from 24 to 72 hours once all the necessary information and documents have been provided.
The company documents will include:
A company must have at least one director who is an individual.
The minimum number of shareholders in a company is 1; they can be individuals or legal entities; there are no requirements as to their residency.
This can only be an individual. If a company does not do business in Costa Rica as such, the auditor’s appointment is nominal in nature.
A company’s representative who is appointed only to liaise on its behalf with government authorities. It has no powers to do anything else on behalf of the company or to manage its affairs.
There are no requirements for the size of share capital.
The annual costs include provision of a registered office address and services of a resident agent. The company’s auditor prepares financial statements, however, if a company does not do business in Costa Rica, it is considered inactive and can just submit dormant accounts.
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Services
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Fees (USD)
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Total cost of incorporation of a new company (not including apostilled copies of corporate documents or translation)[3]
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3 500
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Local director (Costa Rican resident) annual fee[4], not including a power of attorney
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3 000
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Apostilled power of attorney with translation into English
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from 1 200
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Apostilled set of copies of corporate documents
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from 500
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Extract from the register of companies (without apostille)
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660
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Official translation of a set of corporate documents into English
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from 450
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Compliance fee
Payable in the cases of: - incorporation of a company, - renewal of a company, - liquidation of a company, - transfer out of a company, - issue of a power of attorney to a new attorney, - change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder, - signing of documents. |
350 (standard rate, includes the check of 1 individual)
+ 150 for each additional individual (director, shareholder, or beneficial owner) or legal entity (director or shareholder) if such legal entity is administered by GSL + 200 for each additional legal entity (director or shareholder) if such legal entity is not administered by GSL 450 (rate for high-risk companies, includes the check of 1 individual) 100 (signing of documents) |
[1] Please check with a consultant of GSL Law & Consulting about the possibility of opening a bank account for the specific activity.
[2] The fees are valid as at March 2024.
[3] The fee does not include certification or translation of copies of passports of directors / shareholders / beneficial owners or of powers of attorney for the making of constitutive documents.
[4] Nominee director’s fee only covers the director’s annual corporate duties to the company, and does not include any additional work done on the instructions of the client / under legal requirements.