Foreign companies may establish branch offices in Costa Rica by appointing a representative with a general power of attorney for all of the branch’s business. The branch is established by submitting:

  1. The power of attorney to the Commercial Registry,
  2. The parent company’s certificate of good standing and
  3. An acceptance of the power of attorney’s terms by the representative to the Commercial Register of Costa Rica.

The certificate of good standing must be legalized by the appropriate Costa Rican consulate abroad.

Features of a Costa Rica Branch

Costa Rica  PLC

Corporate Details

General

  • Type of Entity

Branch

  • Registered Office in Costa Rica

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

6 weeks

  • Corporate Taxation

Yes

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

US$1

  • Permitted currencies

EUR, USD, GBP

  • Minimum paid up

US$1

No

  • No-par-value shares allowed

No

Directors

  • Minimum number

One

  • Local required

No

  • Publicly accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders

  • Minimum number

One

  • Publicly accessible records

Yes

  • Corporate shareholders allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

No

  • Local or qualified

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

Yes

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes

 Costa Rica Branch Office Distinctive Benefits Advantages

  1. Less obligations to present accounts than with corporations.
  2. A branch is usually an adequate vehicle for low risk projects.
  3. Less obligations to present accounts than with corporations

The Valsen Advantage

  1. Speedy, Efficient and consistent Services.
  2. Relentless effort to obtain bank accounts.
  3. Expert advice on structuring options.
  4. Dedicated ongoing compliance support.