A Compliance Update for Costa Rican Companies
Under the updated criteria, the Power of Attorney required to file the RTBF can no longer be granted through corporate books.
By Diana Granados, GM Attorneys at Law
Corporate Law
Electronic Promissory Notes and Bills of Exchange in Costa Rica.
In December 2021, Costa Rica enacted Law No. 10,069 on Electronic Promissory Notes and Bills of Exchange, introducing a modern legal framework for digital financial instruments.
By Mariajosé Víquez, GM Attorneys at Law.
Corporate changes in Costa Rica; What every business owner should know
Major updates to corporate identity and compliance came into effect in June 2025. Here’s what they mean for your company.
Daniel Oses Ivankovich
GM Attorneys
New Reform Allows Notaries to Call Shareholders’ Assemblies in Costa Rica
A recent reform to the Costa Rican Commercial Code (Law No. 10686, published on May 26, 2025, in La Gaceta) provides a new alternative for shareholders to convene assemblies.
By Manfred Peters, GM Attorneys at Law
Mandatory incorporation of email addresses is required to receive legal notification for CR LLCs
The recent approval of bill No. 10.597, “Law to Establish Email as the Means of Notification for Corporations,” has amended the Commercial Code and the Judicial Notifications Act.
By Daniel Oses, GM Attorneys at Law
Reform of Law N° 10.165: New Measures to Support Sectors Severely Affected by Sanitary Restrictions
On August 19th, 2024, significant reform to Law N° 10165 law “Ley para Sustituir Temporalmente la Aplicación de la Sanción de Cierre de Negocios y Facilitación del Pago del IVA en Sectores Impactados Severamente por la Restricción Sanitaria” was published.…
WHAT YOU NEED TO KNOW ABOUT THE MANDATORY DISCLOSURE OF OWNERSHIP DECLARATION (RTBF) FOR 2024
A new Resolution MH-DGT-ICD-RES-0005-2024, published in “Alcance N. 53”, modifies the General Scope Joint Resolution for the Transparency and Final Beneficiaries Registry N°DGT-ICD-R-06-2020 of March 26, 2020.
REMINDER: INFORMATIVE TAX DECLARATION OF INACTIVE LEGAL ENTITIES.
The definition of an inactive corporation is "…those companies incorporated in the country that do not have lucrative, income-producing activity of a Costa Rican source.
Extension for filing the Informative Declaration of Inactive Companies ( form D 101) in Costa Rica.
The Tax Authorities "Ministerio de Hacienda" published on November 9, 2022, La Gaceta number 214, the resolution DGT-R-033-2022
MANDATORY DISCLOSURE WITH THE CENTRAL BANK FOR 2019 AND 2020
CR Tax office published on their webpage the list of corporations that didn't comply with the 2019 mandatory disclosure submission.