Showing posts with label Costa Rica Investment. Show all posts
Showing posts with label Costa Rica Investment. Show all posts

Wednesday, November 6, 2013

Moringa in Naturewalk 1

The moringa recently planted in Naturewalk 1 is flourishing.

This moringa is being used as a shade plant for the Vanilla vines growing in Naturewalk 1.

Moringa is a very interesting and useful plant and you can read more about moringa here.


Thursday, July 11, 2013

Lindal Homes Elements series (2,000 sq ft and upwards)

Just some of the Lindal Homes, Elements series design now available in Naturewalk. The designs below are 2,000 sq. ft and above:















Thursday, May 24, 2012

PolyOne to open facility in Costa Rica


PolyOne Corporation a premier global provider of specialized polymer materials, services and solutions, has announced it is expanding its successful distribution business into Costa Rica.
PolyOne's presence in this new market will initially focus on healthcare applications and could broaden to serve other industries. Operations and logistics, as well as sales and customer service functions, will be located in the city of San Jose, an ideal location in close proximity to many key customers in the region.

"Our operations in Costa Rica will provide value to global healthcare device manufacturers, processors and suppliers by helping them to streamline logistics and simplify inventory management," said Kurt C. Schuering, president, PolyOne Distribution.

Costa Rica was recently ranked by a World Bank study as the top high-tech exporter in Latin America. The medical industry in Costa Rica is expanding rapidly, with more than 30 medical device companies manufacturing locally.

"Serving the healthcare industry is a core area of expertise for PolyOne, and this recent investment expands our ability to better support customers in this market," said Robert M. Patterson, executive vice president and Chief Operating Officer, PolyOne Corporation. "Further, adding sales and customer service capabilities in Costa Rica is entirely consistent with our proven strategy to grow our business through global expansion in high-growth markets and regions of the world."


Thursday, January 12, 2012

Investing in Costa Rica - Including recommended projects

By the Costa Rica News


1. A country open to foreign investment


It is known that the promotion and creation of ideal conditions for foreign investment is essential for the stimulation of exports. This also allows new technologies and creates employment. The Costa Rican government and its laws encourage direct foreign investment. This attitude is shared by the two major political parties and has been implemented actively since the early eighties. Also, the improvement of conditions destined to attract foreign companies has been the trademark for the past 15 years.

To support this effort, CINDE (Costa Rican Investment and Trade Development Board), a private non-profit organization, was set up to assist and guide investors and companies in the set up for operations in Costa Rica.

A further step on this effort was the promulgation of legislation providing significant tax and operational incentives to companies in export related activities. These sets of incentives are: the export contract, the free zone and the temporary admission system, all of which include total or partial tax exemptions and expedite customs clearance services among other simplified operational aspects.

Costa Rican laws, regulations and practices foster competition and do not discriminate between locals and foreigners, for the conduction of business. The only exceptions to this are the entities that are constitutionally precluded from total foreign ownership such as telecommunications, energy generation and insurance. Tax, labor, health and safety laws do not inhibit the flow of investment.


2. Political features

Costa Rica is the oldest and most established democracy in Latin America. Historically, the country’s political system and social structure have contrasted sharply with those of its neighboring nations. Costa Rica has managed to develop and maintain democratic institutions in an orderly and constitutional scheme, which has been conducive to government succession.

The armed forces were abolished in 1949, and the resources once consumed by the military have since been used to promote education and provide free access to health services. This is one of many reasons why Costa Rica tends to show better standard and quality of living indicators than most other countries in Latin America.

The country’s political system is based on a structure of real checks and balances between the different administrative powers, and operates under a presidential system similar to that of the United States.


3. Economic situation overview

In terms of economic performance, although Costa Rica’s GDP grew 7.0% during 1996 (current dollars), it still fell short of the country’s goals. Strict economic policies have been established in an attempt to further stimulate the country’s growth and reduce public spending and public deficit. These include significant restructuring and downsizing of Government apparatus. During the first trimester of 1997, tax recollection increased a 12.88% in real terms, compared to the first trimester of 1996, while the increase in government expenses was 8,28% in real terms, compared to the same period in 1996. These figures show favorable trend in deficit reduction.

Recent administrations have been enacting policies to liberalize, modernize, and diversify the economy and financial sector. The country is seeing the results of diversification in the rapid development of non-traditional exports and services.


Costa Rica has lowered its external tariffs in the last years, reaching a present range between 0% and 19% for most imported products (May 1997).

The government is currently deregulating the banking system, which has been controlled by the state since 1949. In October 1992, private banks were allowed to receive short-term deposits and in 1996, to have access to checking and saving accounts.

At present the Government of Costa Rica still owns or controls some industries and services such as petroleum refining (RECOPE), telecommunications I.C.E.-RACSA and insurance (I.N.S.). However, various efforts, including a “State Reform” project currently being executed, are being made to cut back government expenses. The government’s size is being reduced by privatizing state-owned services, transferring labor from the public to the private sector, and the previously mentioned initiative of allowing private banks to have access to both current and saving accounts. Significant tax and constitutional reforms have also being established.

In 1990 for example, the National Electricity Board (ICE) approved the co-generation of electricity by the private sector, providing a clear example of downsizing efforts. Recent reforms allow for an even larger participation of private companies, the ultimate goal being a reduction in the costs of these utilities.

A series of stabilization measures initiated in March of 1995, are beginning to have an effect on Costa Rica’s economic environment as export activity continues to show a healthy and sustained growth (growth in 1996 was 7.6%). Traditionally an agricultural country, industrial output has progressively become one of the major contributors to the productive structure and GDP components, and tourism, one of the country’s main revenue generators, particularly since the late eighties, when the country started being known internationally as attractive tourist destination.

Economic indicators demonstrate the results of recent reforms. For example, although the unemployment rate rose 4.2% in 1994 to 5.3% in 1995 and to 6.2% in 1996, and real wages suffered a 1.8% reduction, the GDP per capita remained almost the same (0.3% reduction in 1996) and is expected to start growing again shortly. New tax collection procedures and the tendency of passive interest rates to steadily decline, indicates that economic activity will reactivate significantly during the rest of 1997.

During the 1995 the Central Government’s deficit represented 4.5% of the GDP and it rose to 4.8% in 1996. These figures are higher than the goals established by the I.M.F of 4.1% in 1995 and 0.5% in 1996. Expert estimates for 1997 consider a 3.7% deficit will be the figure by the end of 1997. The accumulated deficit at the end of the first trimester of 1997 was US$73.7 millions, 6.3% lower than for the same period of 1996.

The expected lower fiscal deficit, lower interest rates and the contraction of the aggregate demand, reduced pressure on price levels. In 1996, inflation was down to 13.9%, from 22.6% in 1995. Lowers levels of inflation have allowed the Central Bank to decline the devaluation rate. By the end of 1996, the devaluation was 12.8%, down from 18.0% for 1995.

4. Foreign Trade

Costa Rica’s productive structure has changed dramatically in the past 15 years. The country is

seeing the results of the diversification in the high growth of non-traditional exports and services. This change was fostered by policies geared towards the attraction of direct foreign investment in manufacturing sectors. The traditional exports (coffee, bananas, meat and sugar) dropped to 24.2% of foreign exchange generating activities during 1996, after representing over 80% just 15 years ago. Non-traditional exports, which include products as palm hearts, fruit pulp, pineapple, melon and cut flowers are today’s leaders, accounting for 60.7% of 1996 foreign exchange generating activities. Tourism also plays a major role generating foreign exchange, though it dropped from 16% in 1995, to 15% in 1996.

The variety and value of exports has been steadily increasing, and a 7.6% increase on total exports was observed in 1996. This makes Costa Rica not only the leading exporter in Central America, but also the second largest per capita exporter in Latin America after Chile. This is especially impressive when considering that the country has one of the smallest populations in the region.

Costa Rica’s accession to the GATT (General Agreement on Tariffs and Trade) in 1990, was agreed in order to implement a more stable unified tariff and tax system. Also, import duties have been reduced from the Central American maximum tariff.

Market accessibility from Costa Rica also contributes to the benefits of the investment climate. For instance, Costa Rica is Caribbean Basin Initiative (CBI) beneficiary. This implies that Costa Rican exports have duty free access to the United States (exceptions being apparel, tuna and some leather products). As of January 1995, a full encompassing Free Trade Agreement with Mexico came into effect. This agreement stipulates that existing tariffs and quotas on more than 8000 products will be phased out in the following 10 years (depending on the product).

As a member of the Central American Common Market, Costa Rican products enter El Salvador, Guatemala, Honduras and Nicaragua completely or partially duty free. Costa Rica has also signed a Tax Information Exchange Agreement (TIEA) with the United States.


5. Right private ownership and establishing operations


Aside from the services that have been stipulated to be managed by the government, or that require citizenship or residency, (full ownership of mass media for example), all private entities and individuals, regardless of their citizenship, may establish an own business enterprises. Foreign companies or investors can set up branches, joint ventures, or wholly-owned subsidiaries. Individuals or foreign partnerships can operate as stock or charter corporations. Foreigners can be officers, directors, partners or trustees of companies and can negotiate commercial documents in order to carry on with contracts and legal actions as locals.

The stock corporation (Sociedad Anonima) is the most commonly used form of association, both by local and foreign investors.

The exceptions for total foreign ownership occur in sectors that have been traditionally reserved for the government, such as insurance, telecommunications and oil refining. However, in some of these instances, the private sector may participate as a concessionaire by providing re-insurance services to the state monopoly. These limitations or restrictions apply to local as well as foreign companies or individuals.

During recent years, formerly state-owned companies have been sold to the private sector (food retailing, sugar production, aluminum processing). Also, in 1992 a “Low for Public Work Concession”, was enacted, in order to allow to the private sector to participate, through a public bid process, in areas previously reserved for the government. This low will enable an efficient service in those in which public entities do not complete adequately.


6. Capital or funds repatriation and transfer policies

There are no limitations to transfer capital or funds associated with an investment, regardless of the currency. Exchange controls were revoked in 1992, and the management of foreign currencies became entirely independent, therefore, no restrictions are imposed on re-investments or on repatriation of earnings, royalties or capital. However, taxes are sometimes collected. In addition, there is no requirement to register investments with any of the government authorities.

Under the Free Zone System for example, capital or profit repatriation is tax-exempt.


7. Incentives for foreign investment

There are no performance requirements or minimum investment levels for foreign investors.

Investments incentives are available for the activities that are directly related to the exportation of services and/or products from Costa Rica. These incentives are: the free zone system and the temporary admission system, each one regulated by its own particular legislation.

The free zone system (export processing zones) was created by law in 1981 and was managed by government entities until 1986. Ever since, it was determined that the State should divest itself from the ownership and management of the industrial parks. Private developers were encouraged to establish parks throughout the country. Currently there are eight “free zones” or industrial parks in operation.

This system grants beneficiary companies with the widest range of benefits currently available in Costa Rica. Among the fiscal benefits granted under the provisions of the free zone legislation are:

  • exemption from import duties on raw materials, parts and components;
  • exemption from taxes on profits for determined periods of time;
  • exemption from taxes on remittances abroad;
  • exemption from export taxes;
  • exemption from sales tax on local purchases of goods and services.

Operational incentives such as on-site and expedite customs clearance and in some cases subsidized training are also available.

The export contract was also set up at the beginning of the eighties, granting some tax exemptions, tax rebates and credits in proportion to the amounts exported. Because of the requirement to comply with GATT (of which Costa Rica is a signatory) guidelines, this system expired in 1996, and the subsequent contracts granted only provide companies limited fiscal benefits.

The temporary admission system was set up specifically for drawback type operations. Companies can import processed raw materials into Costa Rica free of duties in order to have been used mainly by local contractors, however, foreign companies (mostly apparel manufacturers) have also taken advantage of it. Even though the flexibility and the scope of the fiscal is quite limited in comparison to the free zone system.

Some fiscal incentives are still available for tourism related investments. However, it is expected that the remaining benefits will be eliminated throughout 1996.


8. Capital markets and portfolio investment

The three state-owned banks (Banco de Costa Rica, Banco Nacional and Banco Credito Agricola) used to supply about 80% of the credit. As of 1996, there will exist a monopoly on demand savings and checking accounts. Private banks have a larger participation due to their expansion and can now offer service nationwide.

Long term capital is scarce due to variations in the inflation rate and a small domestic capital market.

There is an active stock exchange, the largest in Central America although small with regards to international standards. It is seldom used to raise capital, however, projects in the tourism industry have used it as a source of capital. Shares, bonds, promissory notes and securities, among others, are exchange every day in primary and secondary markets.

Foreign investors can borrow in the local market, but the cost is very high due to macroeconomic policy. It is advised to bring funds from abroad. As mentioned before, there are no limitations on capital or exportation regardless of the citizenship or company.


9. Direct foreign investment


Due to the fact of registry of foreign capital is not required, there are no statistics on annual amounts of foreign investment or its origin. Several hundred American, European and Asian companies have manufacturing facilities, distribution centers or offices in Costa Rica.

These organizations either service the country and the region or export to their country of origin. Foreign investment has grown considerably in recent years, particularly in tourism related and industrial activities because of the favorable operational environment the country has to offer.

From Costa Rica Investment Board

Projects that are Recommended by The Costa Rica News

1. Columbus Heights – Residential Development Playa Hermosa

2. Multi-Purpose Real Estate – Biofuel Farms Backed by Real Estate Title

3. Los Delfines – Tambor Residential Development

To read the full article visit the Costa Rica News

Monday, July 18, 2011

New Plantings at NatureWalk

Tim Alexander, Presdent of Naturewalk, announces new test planting at Naturewalk
July 7th, 2011

Joshua Fuks, Naturewalk's general manager and Alberto Quiros, our farm manager have done a great job of sourcing test plants for the Naturewalk bio garden, and are now getting them in the ground. Planted since the last time we visited Naturewalk are coffee plants, macauba palms for our bio-fuel lots and more Jatropha from seeds this time. Alberto, who was born on the property, remembers having wonderful coffee grown at Naturewalk so we will see how it performs.

Jatropha, a plant native to Central America, also grows wild on the Naturewalk 2 property and we expect great results from our test planting for Jatropha. For those not familiar with Jatropha it is a plant that starts producing Bio-Fuel after just 1 year and the product, if used immediately, can be put directly into your diesel car!

Our research suggests that it also does well when intercropped with Jatropha and will also provide a beautiful environment within the farm. We are all excited to start turning Naturewalk 2 into the agricultural garden paradise it is planned to be.


Tim Alexander

NATUREWALK
COSTA RICA

Tuesday, June 7, 2011

Free Webinar


Our next webinar in our webinar series is on Thursday the 9th of July

Titled "Now you can own a Green Oilfield", it details our Renewable Energy Farm Investment Opportunity in the Southern Zone Costa Rica.

Combining biofuel annual income and land capital appreciation with the expertise of United Biofuels of America, gives you an unbeatable investment opportunity.

To read more and register for this free webinar, click on the following link or copy and paste it into your browser:

Thursday, April 7, 2011

Bungalows at Carara National Eco Lodge

Bungalow designs for the Carara National Eco Lodge at NatureWalk are almost complete.

Carara National Eco Lodge will be a condo hotel and investors can own condos and bungalows within the hotel complex.

To read more click here


See some of the pre-launch designs below.




For more information on the Bungalows at Carara National Eco Lodge send an e mail to info@costaricainvest.ie

Monday, March 28, 2011

Helix Medical to Build new manufacturing facility in Costa Rica

Helix Medical, LLC, a global manufacturer for the medical device and healthcare industries, will soon begin construction on a new medical manufacturing facility in Costa Rica. Helix Medical signed a leasing agreement in The Coyol Free Trade Zone and Business Park in Alajuela, Costa Rica, just outside of San Jose. The company will invest more than $4M in the new plant that will soon employ more than 100 people. Helix Medical expects this new facility to begin production in the first quarter of 2012.


“We chose Costa Rica to be close to our customers in Latin America,” said Andy Becker, Vice President and General Manager,Carpinteria and Costa Rica at Helix Medical, LLC. ”The country offers a large medical device community with a skilled workforce as well as a good reputation for security and infrastructure.”

Helix Medical Costa Rica will offer contract manufacturing services which include silicone extrusion, silicone molding, thermoplastic molding, and assembly operations. Additionally, the facility will be ISO 13485 certified with Class 7 & 8 cleanrooms.

About Helix Medical, LLC
Helix Medical, a division of the Freudenberg Group, is a global custom manufacturer for the medical device, pharmaceutical, biotech, and IVD industries with six manufacturing operations worldwide. Medical manufacturing capabilities include silicone and thermoplastic molding and extrusions, complex catheter systems, assembly, packaging, and engineering services. Helix Medical operates an FDA-registered medical device facility, certified ISO 13485 with Class 7 & 8 cleanrooms. Established in 1984 and headquartered in Carpinteria, California, Helix Medical currently manufactures in California, Massachusetts,Germany, Ireland, and China.

Monday, March 7, 2011

Webinar - Is Costa Rica a good investment opportunity?


The nest webinar in our webinar series is on Thursday 10th March at 1pm Eastern USA time.

To read more click on the button below:

Title: Is Costa Rica a Good Investment Opportunity?
Date: 10th March 2011
Time: 1pm Eastern USA (6:oopm UK)
Link: https://www2.gotomeeting.com/register/725701931

Wednesday, November 24, 2010

Due to demand we are repeating our Webinar


We are repeating our webinar from last week.

Give your finances and the planet a Thanksgiving gift!

Goldman Sachs says that "investing in Biofuel is akin to going back in time to 1990 and investing in the PC revolution"

If you didn't make your fortune in the PC revolution, then please don't miss the biofuel revolution.

Texans and Arab Sheiks know that owning your own oilfield gives you a guaranteed income and yearly price increases.

Now you can own your own Green Oilfield for just US$35,000

We are delighted to launch our newest project, which combines biofuels and development land in Costa Rica

Attend this webinar and you'll find out about an opportunity which can guarantee your financial future.



James Cahill from Costa Rica Invest, is joined by Michael Klein, Chief Operating officer of Inited Biofuels of America in the launch of the new Green Oilfield Revolution.

United Biofuels of America are the world leader in Jatropha (biofuel) research and have been selected as one of Shell Oils top 25 Global Energy Entrepreneurs. See more here

And the best part about this is...you can be part of this phenomenal event from the comfort of your own home or office! And, you'll have an opportunity to ask questions.

This is a strictly limited private release prior to general advertisment.


If you care about your financial future, register to attend this Webinar now

Title: Now you can own a Green Oilfield

Date: Thursday, November 25th 2010 Time: 1:00 PM - 2:00 PM EST

After registering you will receive a confirmation email containing information about joining the Webinar.



System Requirements PC-based attendees Required: Windows® 7, Vista, XP or 2003 Server Macintosh®-based attendees Required: Mac OS® X 10.4.11 (Tiger®) or newer

Wednesday, October 20, 2010

Costa Rica Investments in Bio-fuel, and Sustainable Agro Developments

The Costa Rica News 19th October 2010

TRCN staff

Central America and especially Costa Rica has seen a large surge in Biofuel initiative. There new Biofuel cooperative projects, intercropping (with food and oil bearing plants) development, including a new investment wave called Multi Purpose Real Estate, UBA (United Biofuels of America.

Investing in bio-fuel is profitable in the short term and long term and helps reduce dependency on unstable foreign sources.

Here in Costa Rica the governmental bodies have full buy-in to renewable energy and sustainable agro developments.

Costa Rica is attempting to produce ethanol and biodiesel on a large enough scale to eventually reduce or even replace petroleum fuel. The state oil company, Recope, is constructing a large processing plant, the government is about to release a plan for the industry’s development, and the Institute for Agrarian Development, is engaged in research projects for certain products to convert to biofuels.

At present, ethanol is produced from sugar cane and to a lesser extent from yuca (cassava), a root crop. There is some production of bio-diesel from African Palm oil. Research is ongoing with respect to very promising oil seed crops for biodiesel, higuerilla and jatropha.

There is ample opportunity for investments in these crops to supply a local and international market. Petroleum prices are expected to remain at high levels. Biofuels reduce vehicle emissions when mixed with or replace gasoline or diesel. However, when biofuels are produced on a large scale there are also large scale environmental and social consequences, especially when the source of ethanol is corn or soybeans for biodiesel or when growing crops that displace food crops or convert forests to crop lands.

These adverse environmental and social consequences are mitigated when biofuel crops are grown on land that had been previously deforested and converted to cattle pasture. In Northern Costa Rica there are vast expanses of unproductive cattle pasture, much of it mechanizable and not requiring irrigation. This is a good opportunity to promote the conversion of cattle lands to socially useful and productive crops. This is already occurring with the proliferation of pineapple, root crop, and palmito plantings. However, it makes good sense to plant many more food crops there, such as rice, beans, and animal feed, while still leaving space for biofuel crop cultivation.

Presently, there is a project that involves an effort to plant thousands of hectares of jatropha in Costa Rican and other countries. The oil from the seed is converted to diesel and no modification of diesel motors is required. Yield is high, production costs for the hardy plant are low, and demand is potentially infinite, including for aviation fuel. The company engaged in the project invites equity participation, as well as offering technical assistance and production contracts to growers.

An excellent investment for animal feed is in pejibaye, a palm nut fruit that is very high in protein and other nutrients. Research on pejibaye has demonstrated that it is superior to corn or other grains for animal feed, especially for poultry. The fruit is also very nutritious for human consumption, including for baby food. Pejibaye palm is very productive, much higher yield than grains, and has a low cost of production. Costa Rica spends hundreds of millions of dollars annually in importing grains for animal feed and development of this high yield crop would be an excellent import-substitution measure and help reduce the nation’s chronic balance of payment deficits. The export market for prepared chicken feed would also be excellent. To accomplish this on a large enough scale to make a difference will require the support of the Ministry of Agriculture, the Institute for Agrarian Development, and other government planning institutions.

With recent increases in food prices Costa Rican officials and the general public has become concerned about food sovereignty, that is the cost and availability of food imports. While Costa Rica is largely self-sufficient in fruits and vegetable, dairy products, and meat and fish, this is far from the case with the basic staples of the population’s diet, rice and beans. Domestic production accounts for less than half national consumption of these staples. Corn and other grains are almost entirely imported. There is ample land for mechanized cultivation of these crops, especially in the Northern Zone.

To read the full story go to The Costa Rica News 19th October 2010

Thursday, August 12, 2010

Costa Rica and Offshore Investment

By: The Costa Rica News
Online English News Paper

Aug 9th, 2010

Costa Rica’s offshore investment has increased steadily over the past 15 years.

The largest areas of growth is still real estate, but new growth sectors in Biofuels and Medical Travel has seen a sharp rise in the past 5 years.

Costa Rica is a country that is reputed to be the safest and most business friendly of tax havens in Latin America for new businesses, offshore investments and offshore incorporation. Costa Rica treats onshore and offshore businesses in the same manner. The basis of taxation is territorial, with both residents and non-residents paying tax on Costa Rican income, while foreign-source income is not taxed.

Costa Rica is located in the centre of the American Continent and lies just above Panama. The capital and financial centre is San Jose. Costa Rica is one of the most discreet offshore centers in the world and enjoys economic and political stability making it a popular tax haven. Its legal system is based on the Spanish Civil Law.

Features and advantages of offshore incorporation in Costa Rica

Territorial taxation

Provided that the offshore company activities are carried on outside of Costa Rica, the offshore company will not be subject to any income taxes. There is no double tax treaties, thus no information exchange regarding the goods and services transferred. There is no reporting or accounting requirements for offshore company in this tax haven.

Tax free trading with the US

The recently approved Central America Free Trade Agreement with the United States will enable any Costa Rican company to trade with the US markets tax free, which opens to any company one of the biggest markets in the world. Similar Agreements were signed with Canada, Mexico, Chile, China and EC are being discussed.

Name Restrictions

Offshore companies names can be in Spanish and English and must end with S.A., to denote limited liability.

Trading Restriction

A Costa Rican company is not permitted to carry out banking, insurance, mutual fund management, public investment management or any associated activity.

Gaming Activities. Gambling license

In Costa Rica there is no specific gambling license for gaming activities or Casinos online. Corporation that execute online gambling or online casino activities work under a ”data processing license”. To obtain this license the corporation must have a physical location in Costa Rica.

Disadvantages

Costa Rica is not a member of the Hague Convention. This complicates the legalization of the corporate documents if the company plans opening bank accounts or representative offices outside Costa Rican tax haven.

Privacy of incorporation

To maintain offshore company owners’ privacy your lawyer or private corporation service company will form a company with their nominees – board members. Although the owners’ details will not be registered at the Registrar, they will be able to manage and control the company using a General Power of Attorney.

Fees

Incorporation of offshore company in Costa Rica ranges from $300 to $1500. This amount may include provision of board members for the first year; notarized Power of Attorney in favor of the company owner in English; the corporate package of documents in Spanish with notarized translation of main documents in English; services of registered agent and registered office for the first year of the offshore company existence and registering the company at the Revenue Office as an “inactive company”.

Some clients may need to legalize corporate documents for opening representative offices, bank accounts and similar purposes. Legalization fees depend on the rates of the consulates.

The following information is required for the incorporation:

1. Three alternative company names.

2. Full name and address of the manager(s), certified passport copy and proof of address.

3. Full name, address, and phone number to ship the corporate documents by a courier (DHL and FedEx).

Additional services related to the incorporation. Listed briefly they look as follows:

■assistance with opening an offshore bank account (funds can be controlled remotely via Internet. Credit cards are available);
■provision of mail forwarding address in Europe, USA. Mail is collected and forwarded (such an address may be necessary to receive sensitive business and private mail, e.g. bank correspondence, etc.
Provision of space on a web server - offshore WWW hosting. For active Internet users Costa Rica can offer anonymity in their Internet activities: sending email messages, browsing the Internet, electronic banking. All these activities can be conducted in complete privacy using advanced technology.





By: The Costa Rica News
Online English News Paper




To read more Articles like this please click Here.