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Three Steps to Setup a Successful Business in Costa Rica

Three Steps to Setup a Successful Business in Costa Rica

0-handshakeThe Costa Rica News (TCRN)  Costa Rica offers business opportunities only available in a developing country yet with certain guarantees proper of a developed nation. In our view Costa Rica is a unique scenario for international investors and entrepreneurs who are now becoming aware of the benefits of doing business in the only Latin American democracy included in the list of the 22 oldest democracies in the world.

That political and economic stability offers an ideal business environment to use Costa Rica as a global business hub for many different industries, having said that we have to advise potential investors that an organized effort will be necessary to be successful.

Below you will find a very simple description of the steps necessary to launch any business enterprise in Costa Rica:

Step 1: Incorporate your company: The entrepreneur has to hire the services of a local attorney acting authorized as a public notary prepares a public deed adjusted to article 18 of the Costa Rican Commerce Code and requests the National Registry to issue a corporate identification number.

The newly formed company will enable a local business operation protecting the personal assets of the beneficiaries via its limited liability.

Estimated Duration: 24 hours (Perhaps one of the most significant tangible efforts made by the government to reduce the time of launching a business in Costa Rica as it was reduced from normally two weeks to just hours, available only via attorneys with digital signature capability)

To see full article in The Costa Rica News click here.