Global Law Experts top search results to help tackle law in Costa Rica

Residency in Costa Rica typically requires proof of economic solvency, such as pension income, investment, or employment contracts. Applicants must provide valid identification, police clearance certificates, and health insurance coverage. The process involves submitting documentation to immigration authorities and may take several months. Legal advice can help prepare applications and ensure compliance with all requirements.

In Costa Rica, a Sociedad Anónima (SA) is a widely used corporate structure similar to a corporation. It provides shareholders with limited liability and allows flexible management arrangements. This makes the SA an attractive option for foreign investors seeking clear legal protections and straightforward governance. However, establishing an SA requires careful adherence to local legal requirements, so engaging legal professionals is highly recommended to ensure proper formation and ongoing compliance.

The Costa Rican legal system often deals with civil litigation involving contract disputes, property issues, and labor-related claims. Family law cases, including divorce and child custody, are also frequently addressed in court. Additionally, administrative and environmental lawsuits are increasing, reflecting stronger regulatory oversight. Experienced litigators help clients navigate these proceedings effectively, aiming for favorable outcomes while guiding them through the country’s procedural complexities.

Costa Rica’s transfer pricing regulations require that transactions between related parties be conducted at arm’s length to ensure fair market pricing for tax purposes. Businesses must maintain proper documentation supporting their transfer pricing policies and submit required reports to tax authorities. These rules are aligned with international standards, making strict compliance essential for multinational companies operating in Costa Rica to avoid penalties and ensure transparency.