Costa Rica PLC

A Costa Rican corporation (locally known as a SA) must appoint a minimum of three directors who must be individuals. This business entity must also appoint two shareholders. The minimum paid-up share capital required to complete the incorporation process is US$1;
The Costa Rica SA must name at least one local representative agent (who must be an attorney but not one of the directors) to be vested with management powers and legally authorized to represent the corporation. In practice, the chairman of the board is usually the managing director, while the other two directors act as treasurer and secretary.
Features of a Costa Rica PLC

Costa Rica  PLC	Corporate Details
General
Type of Entity	PLC
Registered Office in Costa Rica	Yes
Shelf company availability	Yes
Our time to establish a new company	5 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	Three
Local required	No
Publicly accessible records	Yes
Location of meetings	Anywhere
Corporate directorship allowed	Yes
Shareholders
Minimum number	Two
Publicly accessible records	Yes
Corporate shareholders allowed	Yes
Location of meetings	Anywhere
Company Secretary
Required	Yes
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 PLC Distinctive Benefits

1. A SA offers a high degree of privacy and anonymity.
2. 4 Members are required for a SA – President, Secretary, Treasurer & Controller. Board Directors appear on public record.
3. Shareholders do not appear on public record.
4. Costa Rica is not a member of the Hague Convention therefore if a bank account is planned to be opened outside of Costa Rica then the corporate documents have to be legalized. Legalization costs depend on the specific countries Consulates rates.
5. Timescale of Incorporation – between 20-40 working days.
6. An S.A operates a territorial taxation principle; the company only pays taxes according to the income generated in Costa Rica.
7. There are no reporting or accounting requirements.
8. Costa Rica is not considered an offshore entity and has a number of Free Trade Agreements in place (US, Canada, Mexico, Chile, Dominican Republic and the Caribbean). There are also negotiations underway with China and the EU.

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.