Page 165 - Caribbean-Central America Profile 2018

COSTA RICA

CARIBBEAN-CENTRAL AMERICA PROFILE 2018

There is also a 100% exemption for a 10 year Flexipark Ultrapark Free Zone
period on property taxes and Property transfer Tel: (506) 2205-3627 Tel: (506) 2293-4616
taxes. The 10-year period will start after the Email: emonge@gbk.cr Fax: (506) 2293-4715
3-year grace period is over or when the company Website: www.ultrapark.com
starts operations, whichever comes first, but Metro Free Zone and Office Park E-mail: info@ultrapark.com
the benefit will be granted immediately upon Tel: (506) 2239-3222 Global Park Free Zone & Business Park
approval of Free Trade Zone Regime. Fax: (506) 2239-1878 Tel: (506) 2231-5201
Email: metrofz@sol.racsa.co.cr Fax: (506) 2231-4744
There are also no restrictions on capital/profit Website: www.metrofz.co.cr Email: mercadeo@globalparkcr.com
repatriation or foreign currency management.
However, these incentives are dependent on the Zeta Group (Industrial Parks in Cartago COSTA RICAN FOREIGN TRADE
export performance and must follow the World Alajuela and Heredia) CORPORATION (PROCOMER)
Trade Organisation guidelines, whereby at least Tel: (506) 2224-3333 The Costa Rican Foreign Trade Corporation
(PROCOMER)
provides
investors
and
75% of the production must be exported.
Bes Free Zone Industrial Park companies with centralised services to carry
America Free Trade Zone Tel: (506) 2438-1111 out established procedures, including the
Tel: (506) 2239-4450 Fax: (506) 2438-2222 application to be granted Free Zone Status.
Fax: (506) 2239-4445 PROCOMER
Email: maria@americafreezone.com Saret Airport Industrial Park Escazú, on the Próspero Fernández Highway
Website: www.americafreezone.com Tel: (506) 443-0001, 443-0433 West side of the Cima Hospital,
Fax: (506) 443-0202 Plaza Tempo Complex, 3rd floor
Coyol Free Zone Email: grpsaret@sol.racsa.co.cr P.O. Box: 1278-1007
Tel.: (506) 2434-2403 San José, Costa Rica
Fax: (506) 2209-5991 Saret Puntarenas Free Zone Tel: (506) 7762- 6637
Email: mviquez@coyolfreezone.com Tel: (506) 2663-2412 Email: info@procomer.com
Website: www.coyolfz.com Fax: (506) 2663-2650 Website: www.procomer.com

Starting a Business - Registration Requirements:
No. Procedure Time to complete Costs
Check the availability of the proposed Less than one day (online
1 no charge
company name procedure)
A notary public drafts and notarizes public
deeds of the incorporation charter for Less than one day (online
2 CRC 165,000
registration before the Mercantile Section of procedure)
the Public Registry online
Deposit capital in the bank account, pay
3 1 day CRC 258,876.23
registration fees and stamp duties
Register the incorporation charter in the
mercantile section of the public registry and CRC 5,000 (digital registration fees) + CRC 780 per line
4 obtain authorization to legalize the company 2 days (10 lines for CRC 7,800) + CRC 20 (stamp for the Archivo
books; send the notice of constitution of the Nacional)
company (edicto)
File Form D-140 with the before the
5 Tax Department to register the firm as a 1 day no charge
taxpayer
Register for labor risk insurance with the
6* National Insurance Institute (Instituto 1 day (simultaneous with no charge
Nacional de Seguros) previous procedure)
Register the company as an employer 1 day (simultaneous with
7* with Caja Costarricense de Seguro Social previous procedure) no charge
(CCSS, Social Security Institution)
8 Apply for sanitary permit 1 day CRC 17,268
Cost varies between CRC 10,000 and CRC 100,000
Apply for the business license (patente
9 15 days depending on the type of activity, number of employees,
municipal) from the municipality
location.
* Takes place simultaneously with another procedure Source: The World Bank Group

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