Offshore Opportunities in Costa Rica
COSTA RICA - "the Switzerland of the Americas" - has always created favorable tax conditions for offshore operations, but the country's popularity as such has only caught on over the last few years. In Costa Rica the Banks are required by law to maintain absolute secrecy regarding the operations of their clients.
Information about normal banking operations is not passed on to any government agency - including the Tax Department. Information given to local attorneys/notaries is protected by professional secrecy. An interesting angle of financial secrecy is the use of Costa Rican "offshore" corporations. Like bank accounts, these corporations can be started by anyone - citizen, resident, or tourist - and are supposed to be totally secret. Since there's no way of knowing just whose names are on the corporation books, it's almost impossible to discover who actually controls any of these corporations. In fact, the legal name is sociedad anonima or "anonymous society". That's why corporation names are appended with "S.A." instead of "Inc." or "Ltd."
Costa Rica's corporate structure allows ANY person (Costa Rican or not) to control a company without his or her name appearing in the public records. Our Costa Rican law office can set up your client's corporation without the real owner's name ever appearing in the record. Although there is a legal President, Vice-president, Secretary and Treasurer (our nominees), the actual ownership of the corporation is invested in whoever PHYSICALLY has the stock certificates in his/her pocket or safe-deposit box. A Costa Rican S.A. is free to engage in many types of business activities, both in Costa Rica and in other countries and it pays NOTHING on what it earns OUTSIDE of Costa Rica! Local laws require that a yearly tax report must be filed (we do the job); should there be no income to report, there are no tax consequences. Last but not least, Costa Rican corporations are now one of the best offshore vehicles because many of high-tax rated countries like the U.S.A. do not consider them as offshore companies!!!
Please note that the Standard Authorised Share Capital is only CR Colones 10,000 (something like USD$30). Bearer Shares are not permitted here but actual ownership of a Costa Rican corporation is invested in whoever physically has the stock certificates in his/her pocket (Shares can be endorsed) or safe-deposit box (We do provide such service locally).
The Standard Costa Rican Package includes: Incorporation, Registered Agent Fee, Government Taxes, Provision of four (4) Directors/Administrators/Shareholders (all Nominees), General Power of Attorney, Notarized English Translation of the Charter, Courier Charges (UPS or DHL) and it costs ONLY USD$ 1.300.
For the 2nd Year (and thereafter) the Annual Fees is USD$ 500 and icludes: Registered Agent Fee, Government Taxes, Nominees Directors/Administrators/Shareholders, Filing of the Annual Tax Report.
Processing documents to open a Corporate Bank A/C
Names of the Banks with which we can open Bank A/Cs for Costa Rican Companies are:
Caribe - Commonwealth of Dominica
Please submit our General Application Form along with your payment in order proceed immediately.
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Central & South American Jurisdictions