Costa Rica Representative Office
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:
- Market research and
- Promoting the business of the parent company.
Features of Costa Representative Office
|
Costa Rica PLC |
Corporate Details |
|
General |
|
|
Rep Office |
|
Yes |
|
Yes |
|
6 weeks |
|
No |
|
No |
|
Share capital or equivalent |
|
|
US$1 |
|
EUR, USD, GBP |
|
US$1 |
|
No |
|
No |
|
Directors |
|
|
One |
|
No |
|
Yes |
|
Anywhere |
|
Yes |
|
Shareholders |
|
|
One |
|
No |
|
Yes |
|
Anywhere |
|
Company Secretary |
|
|
No |
|
No |
|
Accounts |
|
|
No |
|
No |
|
No |
|
No |
|
Other |
|
|
No |
|
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
- Speedy, Efficient and consistent Services.
- Relentless effort to obtain bank accounts.
- Expert advice on structuring options.
- Dedicated ongoing compliance support