Jail Time Payroll Witholding

Costa Rica Payroll Witholding – Go to Jail if you don’t Pay

If you do not pay the funds withheld from your employee for Costa Rica Social Security you could end up in jail.  As an Employer it is your obligation to withhold the employee contribution to Social Security and to pay that to the Costa Rican Social Security Administration.  In Costa
Read More

Costa Rica Mandatory Registration with Social Security For Residency

 Costa Rica Mandatory Registration with Social Security For Residency Any foreign resident in Costa Rica that wants to obtain or renew their legal resident status must provide proof that they are covered by the medical insurance system of the Costa Rica Social Security Administration
Read More
Costa Rica Consumption Tax

Costa Rica Consumption Tax on Imports

Costa Rica imposes a Consumption Tax on a selected group of products.  The tax is levied on the products that are imported into Costa Rica.  The tax imposed can  start at 5% of the CIF (Cost+Insurance+Freight)  of the product that is imported.   The Consumption Tax is LawNo. 4961.  Li
Read More

Costa Rica Tourism Guide 1940

Costa Rica in 1940 ?  Yes.  You are reading correctly Costa Rica in 1940 !   I recently had the opportunity to discover older books I had in storage and came across the “Costa Rica’s Guide” for 1940 which was actually published in October of 1939. At the time the population of Costa R
Read More

Law Proposed to Cancel Fraudulent Deeds in Costa Rica

How to deal with property fraud in Costa Rica.  Cancel fraudulent deeds in Costa Rica administratively. A new legislative bill that is being introduced in the Costa Rican Legislature is aimed at resolving the inequities caused by fraudulent property transfers in Costa Rica.   If a pro
Read More
Costa Rica Real Estate Survey

Costa Rica Real Estate Market Outlook for 2017

What does the Costa Rica Real Estate market look like for 2017 ? We were curious to see what the local real estate service providers were thinking.   To ask the question a survey was prepared in both English and Spanish and it was circulated among the Real Estate service providers in
Read More

Costa Rica DIMEX Residency Card

What is a DIMEX Identification Card.   It is your residency card.   The Costa Rica banking system will not process bank to bank wire transfers known locally as a SINPE transfer for foreigners that do not have a DIMEX identification card. The DIMEX is nothing more than the Residency Id
Read More
Working in Costa Rica

Can I Legally Work in Costa Rica ?

Can I Legally Work in Costa Rica ? This is the most often asked question that we receive.   Not all of you are going to like the answer.   Costa Rica is very protective of its local labor force and therefore the laws favor the hiring of local Costa Rican workers as opposed to foreign
Read More
Costa Rica Corporation

Costa Rica Corporation Minute Books

The corporation minute book is required in Costa Rica.  If you have a Costa Rican corporation (S.A.) or a Costa Rican Limited Liability Company (S.R.L.) both will have minute books. The Costa Rican Limited Liability Company (Sociedad de Responsabilidad Limitada) is required to have th
Read More
Costa Rica Indirect Transfer Tax

Costa Rica Taxes Indirect Property Transfers

Costa Rica taxes indirect property transfers.  The Costa Rican Legislature passed the law titled Ley de Fortalecimiento de la Gestión Tributaria, Ley No. 9069. This law modifies the existing law on real estate transfer taxes (Ley de Impuesto Sobre el Traspaso de Bienes Inmuebles Ley N
Read More
Consumer Protection Costa Rica

Consumer Protection Law Expanded to Cover Real Estate Sales

By way of executive decree number DE-35548 the Consumer Protection Law of Costa Rica was updated to include contracts for future sales of real estate property. Under the new law developers that wish to offer pre-construction sales contracts will have to demonstrate their financial cap
Read More
Costa Rica Environmental Law

Costa Rica Environmental Laws

The environment and protection of nature are important to Costa Rica.   The reason tourists flock to Costa Rica is to enjoy the the biodiversity of its environment.   To protect that environment Costa Rica has passed numerous environmental laws.  In this article I am setting forth the
Read More