Costa Rica is one of the most reliable countries in the world regarding political, financial and economical stability. The government guarantees full property immunity during several centuries. There are no wars, revolutions or cataclysms in the country either.
Such popularity of this jurisdiction is explained by the fact that Costa Rica doesn’t have any regulations in the field of internet gambling. Companies, registered in this country, may legally provide services of internet gambling to residents of all countries, except for Costa Rica residents. Due to the absence of relevant legislation regarding internet gambling, gambling companies of Costa Rica are not monitored, regulated or tested, which is usually required in most jurisdictions for licensing. This fact allows to shorten the time needed for company formation, as well as to significantly save money.
General information regarding Costa Rica Sociedad Anonima (stock corporation)
UniverseLAW offers full range of professional services, associated with business organization in Costa Rica:
If the company does not conduct business activity in Costa Rica, it is not obliged to pay any taxes, except for annual fixed corporate fee.
Taxes in Costa Rica:
As far as there is no requirement to provide audit results or annual financial statements to governmental authorities, the company is obliged only to keep accounts of its financial activity, which display the company’s financial state.
Required documents and information:
1. for private individuals: name, surname, citizenship, residence address (passport copy);
2. for legal entities: corporate documents and other documents confirming company formation, apostilled and translated in English
Time required for company formation:
Average amount of time required is up to 30 working days from the date of receipt of all necessary documents.