COSTA RICA - Economy
Managing Partner, Magnalex Abogados
Costa Rica is the easiest country in the region to invest in because it has no restrictions for foreign investors and companies. Every municipality has its own system for local taxes and local regulations to open business. Moreover, Costa Rica’s hospitality in renowned for making leisure and business visits more enjoyable. Our national registry is an asset as well because every property is properly titled. Specially, in the free zones market, all players are recording healthy growth because Costa Rica has proved itself as a good place to do business.
A few businesses require a local partner. For example, according to Costa Rica’s maritime law, property on the coast belongs to the municipality, and a foreigner without resident status can hold no more than 50% of a concession title. However, foreigners with legal residency in Costa Rica can receive 100% concession. Within our free zones, an investor does not need to be Costa Rican or have any particular legal situation as a resident; however, a minimum investment of CRC200,000 is needed to open operations within a free zone.
We have a balance between experienced and young attorneys. It is a great mix to help different types of companies. The young attorneys bring more energy while the experienced ones bring years of practice and lessons.
We offer our clients legal advice throughout the entire process and a whole set of services to help them succeed in Costa Rica. This includes helping them with immigration, real estate, and business permits. We are a one-stop shop for legal counseling.
By sponsoring our events you are able to best participate in the discussions that matter to you, as well as gain unique networking opportunities.