While the Costa Rica representative office can be 100% foreign owned, it is not allowed to make direct sales within Costa Rica. Consequently, this entity can only engage in:

  1. Market research and
  2. Promoting the business of the parent company.

Features of Costa Representative Office

Costa Rica  PLC

Corporate Details

General

  • Type of Entity

Rep Office

  • Registered Office in Costa Rica

Yes

  • Shelf company availability

Yes

  • Our time to establish a new company

6 weeks

  • Corporate Taxation

No

  • 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

No

  • Corporate shareholders allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

No

  • Local or qualified

No

Accounts

  • Requirements to prepare

No

  • Audit requirements

No

  • Requirements to file accounts

No

  • Publicly accessible accounts

No

Other

  • Requirement to file annual return

No

  • Migration of domicile permitted

Yes

 Advantages of Costa Representative Office

  • As the RO hasn’t any legal status, it isn’t obliged to pay any taxes, have statutory documentation and handle yearly filing.
  • Allowed activities are market research, developing connections, data analysis, and so on.
  • Foreign company can appoint its own representative for the Costa Rican Office.

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