DOING BUSINESS IN COSTA RICA
FAQ’s on Forming a C.R. Business Corporation
Contributed by Thomas A. Burke,
Q) What advantages are associated with the use of a business corporation in Costa Rica?
A corporation can be used to advantage in several manners:
• Privacy in terms of ownership of assets.
• Liability limitation or separation from other assets.
• Purchasing and selling by proxy to save travel and expenses.
• Holding separate powers of attorney among partners.
• Avoiding possible complicated probate issues.
• Transferring control of assets without paying title transfer taxes.
• Income tax strategy planning.
A corporation can be used to advantage in several manners:
• Privacy in terms of ownership of assets.
• Liability limitation or separation from other assets.
• Purchasing and selling by proxy to save travel and expenses.
• Holding separate powers of attorney among partners.
• Avoiding possible complicated probate issues.
• Transferring control of assets without paying title transfer taxes.
• Income tax strategy planning.
