The special status of this zone is due to the absence of division of companies into residents and non-residents. The determining role is played by the nature and territory of the firm. If it is registered in Costa Rica and is active in this region, then it is subject to income tax in the amount of 25%. In all other cases, firms get rid of the need to pay annual fiscal fees.
If you register a company in Costa Rica via the Internet, you can become the owner of a company that operates in a low-tax environment. If a number of conditions are met, the business owner completely gets rid of state interference in entrepreneurial activity.
Opening a company in Costa Rica has become easier with Positive Invest
Often this offshore is used by foreigners who open accounts in Hong Kong banks. Thus, they keep their capital intact, and business activities are carried out in another region of the globe.
It should be noted that in the classical sense, Costa Rica is not an offshore zone. The region acquires this status if the businessman has concentrated his activities in another country.
Property Protection in Costa Rica - Advanced Corporate Law
As of 2017, investments in real estate in Costa Rica amounted to about 30% of state budget revenues. This is approximately 300 million dollars. Not a small part of these incomes originates from the offshore activities of the country.
Costa Rica is actively improving legislation in terms of acquiring rights to real estate objects. Moreover, in the law of this state there is no discrimination in relation to the purchase of real estate by foreign investors. There are a number of restrictions regarding the impossibility of registering property rights for a coastline up to 50 m long. However, if a potential investor decides to improve a particular region for the purpose of making a profit, for example, by registering an offshore in the country, he will be provided with a coastline up to 150 m long under an agreement concession for up to 20 years.
The offshore jurisdiction of Costa Rica offers foreign investors development legislation, excellent infrastructure and the opportunity to enter the South American market.
Companies in Costa Rica: pros and cons of incorporation
The region is used by the largest entrepreneurs, owners of insurance companies and banking structures to conduct business without the need to pay mandatory taxes. The low level of taxation, the possibility of obtaining 100% benefits for the payment of fees is a favorable environment for the development of production. The key advantages of registering companies in Costa Rica are:
- The world's largest banks are concentrated in this region, which allow you to open accounts for companies registered in Costa Rica.
- The reputation of the jurisdiction as an area where low-level taxation prevails.
- Free currency conversion and withdrawal of capital.
As for the shortcomings, they are practically absent. It should only be noted that servicing the activities of a company registered in Costa Rica will cost its owner a little more than activities within other offshore companies.
Positive Invest specialists are ready to provide comprehensive services for registering a company in the territory of this jurisdiction. At the same time, the client receives complete confidentiality of information about the composition of the company, as well as the possibility of complete exemption from paying mandatory fees in the territory of this region.