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Costa Rica Offshore Company Formation

The offshore tax haven of Costa Rica has been offering offshore services for many years now. Located in Central America the Spanish speaking offshore tax haven offers services such as offshore banking, electronic gaming and the formation of offshore companies. The offshore company most frequently incorporated in tax haven is the Costa Rica Stock Company. Costa Rica Stock Companies can be used to conduct business anywhere in the world.

The formation of offshore companies in the tax haven of Costa Rica is permitted by law. The legislation which regulates the formation of offshore companies in the tax haven of Costa Rica is the Commercial Code of 1964. In the tax haven of Costa Rica the offshore company most frequently is the Costa Rica Stock Corporation. The Costa Rica Company is incorporated by the Registrar of Companies.

The first step to offshore company formation in the tax haven of Costa Rica is to find a registered agent. The registered agent will work on behalf of the person(s) who wish to incorporate the offshore company. In the offshore tax haven of Costa Rica there are many experienced and well trained registered agents who are always willing to work with clients. The registered agents available in the tax haven of Costa Rica are mostly lawyers and law offices.

For offshore company formation in Costa Rica Articles of Incorporation must be prepared and submitted to a Notary Public to be notarized. A Constituted Charter must be prepared also. For offshore company formation in tax haven Costa Rica two (2) subscribers are needed. The subscribers of the company are responsible for signing the formation documents which are to be submitted to the Registrar of Companies. Subscribers for Costa Rica offshore companies can be of any nationality.

For the formation of a Costa Rica offshore company the following information is needed:

  • The name of the offshore corporation
  • The name and address of the company subscribers
  • The name of the registered agent
  • The names, nationality and addresses of the directors of the offshore corporation
  • The names and addresses of the shareholders of the company
  • The authorized share capital of the company
  • The purpose for forming the company
  • The number of shares to be issued by the offshore corporation
  • The rights, limitations and powers attached to each type of share

When forming an offshore company in Costa Rica a Constitutive Charter must also be submitted. This document contains the laws which will regulate the day to day operations of the offshore company or the by-laws of the company. The documents must be signed by the directors and shareholders of the company.

Before the documents can be submitted for offshore company formation must put an advertisement in the official newspaper of the country ‘La Gaceta’ to announce the formation of the offshore company in the tax haven. The publication of this advertisement normally takes anytime between ten (10) and fifteen (15) days.

With the submission of the right documents in the proper procedure the Registrar of Companies will issue the Costa Rica offshore corporation with Certificates of Incorporation. The Certificate of Incorporation proves that the Costa Rica offshore company is a legal entity in the tax haven. The Costa Rica offshore company cannot engage in the distribution and sale of gasoline, diesel and petrol or any form of insurance.

The names of offshore company incorporated in the tax haven of Costa Rica offshore company cannot be the same or similar to that of an existing company in the offshore jurisdiction. The Registrar of companies can deny offshore company formation for this simple reason. The names of offshore companies in Costa Rica cannot imply affiliation with governments anywhere in the world. For offshore company registration in Costa Rica companies wishing to include the following words in the company name must request a license from the relevant authorities in the offshore jurisdiction: Bank, Assurance, Insurance, Investment Fund, Asset Management, Savings, Loans, Building Society, Royal, Chartered and Municipal among others.

Offshore companies being formed in Costa Rica tax haven must illustrate that they are Limited Liability Companies by adding one of the following words or phrases or its abbreviation; Sociedad Anonima, Limitada or Sociedad de Responsibilidad Limitada.

For offshore company formation in Costa Rica the number of shareholders required by law is two (2). The shareholders of Costa Rica offshore company can be of any nationality. The persons forming an offshore company in Costa Rica can have the shares of the company assigned to one individual at a later date when all the right documents are submitted and the company becomes part of public records. When forming an offshore company in Costa Rica three directors must be appointed. These persons are considered to be officers of the company and will serve as the Secretary, President and Treasurer of the offshore company. The directors for an offshore company in tax haven Costa Rica can be of any nationality.

For offshore company formation in tax haven Costa Rica the authorize share capital of the offshore corporation can be in any currency. The standard share capital for offshore companies in the offshore jurisdiction is normally Colones 10,000. The shares which can be issued by Costa Rica offshore companies are registered shares, redeemable share and preferred shares. Shares can be issued with or without par value and also with or without voting rights.

Offshore companies incorporated in the offshore tax haven of Costa Rica are not taxed on incomes which are generated outside of the tax haven. Costa Rica offshore Companies are prohibited from trading with residents of the tax haven and to conduct any business within the offshore jurisdiction. A Costa Rica offshore company cannot own real estate in eh offshore jurisdiction.

The offshore company incorporated in Costa Rica can be used for many purpose including international trading and asset protection. Costa Rica is an ideal jurisdiction for offshore company formation and investment as it has stable political and economical environments.