Our Global Network

Doing business in Costa Rica

How quickly can I set up a business?

5-45 days, depending on the business.

What is the minimum investment needed?

US$ 5.000, depending on the area.

The average investment in Free Trade Zones is US$ 100.000.

How can I raise finance?

Usually, investors contribute the entire capital. Banking finance is available.

What are the legal requirements for setting up my business?

There are no limitations for foreign investment.

If all shareholders are foreigners, the company must appoint a lawyer as a local resident agent.

We can assist you as your local resident agent.

What structure should I consider?
  • Branch of a foreign company
  • Corporation (open shareholders Sociedad Anonima: S.A.)
  • Limited Liability Company (SRL)
  • Free Trade Zone Corporations
What advice can you give me in regards to payroll and taxation requirements?
  • FTZ corporations must have a proper location. Industrial FTZ parks are available. FTZ Corporations have tax holidays for the first 8 years. Depending on the investment, the period could be extended. Goods and services rendered from FTZ are not levied by VAT
  • Branches, Corporations, LLC, and FTZ Co., must be enrolled in a social security payroll, levied by a 26.5% contribution on gross payments to employees. Employees’ labor risk insurance is required and provided by the local INS.
  • Regulatory corporate Income Tax is up to 30%.
  • VAT is 13% with a monthly report.
  • Other minor tax and contributions apply.
  • Withholding taxes apply on local income.
Is there anything else that I should know?

FTZ corporations are free to import raw materials, vehicles, and production machinery.

Costa Rica has a territorial principle on income tax. Thus, foreign income from foreign sources are not taxed in the country.

Exports are free of VAT.

Our firms in Costa Rica
How can Kreston grow your business?
Select your business type:

Latest news


Kreston BSG celebrates 25 years

Kreston BSG in Mexico has hit a milestone – 25 years in business. Read all about their celebrations in this roundup.

Relevant changes to Mexican VAT law in 2022

Relevant changes to Mexican VAT law in 2022

Javier Sabate, Tax & Audit Partner at Kreston FLS, Mexico, writes about upcoming changes to Mexican VAT law

digital nomad tax considerations

Transfer pricing issues in the changing global tax climate

David Whitmer, of CBIZ MHM in the United States, has written a piece for Taxation Magazine on current global issues […]