Costa Rica Branch

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
Bearer shares allowed	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.