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Real Estate Investments Costa Rica

postdateiconFriday, 16 July 2010 19:57 | postauthoriconWritten by Heribert Baumgartner | PDF | Print | E-mail

Real Estate Investments Costa Rica

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not organized

complicated laws and regulations

 

Why BIC / RECR

team of lawers we have been working for years

work per US American Standards

ALL INCLUSIVE SERVICE

Speak your language

RECRSA - Owners and Officers are HB and Lawyer

Each transaction is personally

 

 

Legal Services

Company Formation

Buy Sell Properties

Property Management

Accounting Services (CPA)

VISA Service

Mortgage Broker Service

 

Company Formation

There are several types of companies, however, the one we offer is called “Sociedad Anónima” (“Anonymous Society”) and is the most recommended one. This type of company includes a board of directors and a shareholders assembly; it’s shares can be freely traded in the stock market, or sold and bought directly in private manner. Once registered, the company can engage in any type of legal business, except for buying state properties or obtaining state concessions.

A Costa Rican company helps to achieve anonymity and privacy protection, keep all business details confidential and combine all this with limited liability and tax exemption. The Company we offer is fully legal and able to conduct their activities worldwide.

We recommend especially Costa Rica because of it’s political stability, reputation and stable legislation.

The principle of territoriality is observed by Costa Rican income tax legislation, which means foreign Source Income is exempt. All persons, individuals and business enterprises residing in Costa Rica are only subject to tax on income earned in the country. Non-residents are subject to pay tax on property or business income derived from sources in Costa Rica.

On the other hand banks are required by law to maintain absolute secrecy regarding the operations of their clients, except for normal banking operations which are reported to the Central Bank. The preceding applies also to any information given to local attorney’s, which is completely protected by professional secrecy.

 

A Costa Rican Company combines all important features:

 

  1. limited liability without any paid up capital requirement
  2. tax advantages
  3. Avoid problems with wills or probates
  4. Anonymity (optional)
  5. highest level of privacy protection (optional)
  6. no requirements on profession or financial standing
  7. business can be conducted internationally
  8. and much more

 

 

 

    Last Updated (Wednesday, 28 July 2010 16:29)

     
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