Costa Rica, until recently, has been over-looked as one of those offshore jurisdictions where one might arrange one’s personal, or corporate affairs.

Costa Rica is able to offer these professional services in a very competitive and “world-class” manner.

Accordingly, legal and administrative costs associated with such activities as incorporating a company, and the annual management and record-keeping fees, are significantly lower than in more high profile jurisdictions such as the Cayman Islands, Bermuda, Nevis, B.W.I., and Panama, offering similar services.

For example, the cost of incorporating a basic company in Costa Rica, including registration fees, would be approximately US$650, whereas the same service in Nevis would cost US$850, and in Panama the service would cost US$1,350

Ancillary services, such as the provision of corporate directors, nominee shareholders, and corporate mailing addresses are also significantly less in Costa Rica than other jurisdictions offering similar services.

Apart from the obvious significance of offshore investing opportunities, the usefulness of a Costa Rica corporation to hold assets such as real estate or a vehicle, within Costa Rica, is also a relevant consideration, for those resident in the jurisdiction, on either a full or part-time basis.

The obvious significance of holding such assets in a Costa Rica corporation rather than personally, is the ease of transfer on sale (merely transferring corporate stock between seller and purchaser) and the avoidance of transfer fees and taxes which would otherwise be attracted by filing such a transfer in the National Registry.

To rent or buy this 54 minute video with Costa Rica Attorney Roger Petersen please visit our Video On Demand page here.

The limited liability aspect of a Costa Rica corporation, is also a valid consideration in insulating the party enjoying the particular asset, from liability claims in negligence which may arise. Only the assets of the company would be at risk in such circumstances.

Having considered the foregoing, Costa Rica remains a very “business-friendly” jurisdiction in which to arrange your personal, or corporate affairs.

Costa Rica Living Video Interview: To watch this short video with Attorney Rick Philps, please click on the small white triangular Play button in the middle of the screen below and allow a few seconds for the video to begin.

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Written by Lic. Rick Philps. Richard (Rick) Philps is a Canadian citizen, naturalized as a citizen of Costa Rica. He was born, raised, and educated in Victoria, British Columbia, receiving a Bachelor of Arts Degree in 1977, and a Bachelor of Laws Degree (English Common Law) in 1980, from the University of Victoria. He thereafter practiced law in Victoria, as a member of the Law Society of British Columbia, for fourteen years, prior to moving to Costa Rica in 1998.

Mr. Philps returned to university in Costa Rica, earning his Bachelor of Laws and Licensing Degrees (Civil Law), from the Metropolitana Castro Carazo University, and a Post-Graduate Degree in Notary and Registry Law, from the Escuela Libre de Derecho University, in San Jose, is a member of the Costa Rica College of Lawyers, and has practiced law in Costa Rica for five years. Mr. Philps practices law in the areas of real estate and development, corporate, commercial, contract, and banking.

Additional Costa Rica Attorney Video Interviews. To help educate and protect you with your real estate investments in Costa Rica, you can enjoy the following interviews with Attorney Roger Petersen and Attorney Rick Philps online at:

• Costa Rica Real Estate – Foreigners OK To Buy with FREE online video interview.
• Costa Rica Legal Guide – On sale for US$34.95 including shipping. FREE online video interview with Attorney Roger Petersen.
• Costa Rica Corporations – Why Pay More For Less? With FREE online video with Attorney Rick Philps
• Costa Rica Residency Categories Explained – With FREE online video interview with Attorney Rick Philps
• Costa Rica Property Taxes – When Scott officially complained that his property tax bill was too low… FREE online video interview with Attorney Roger Petersen.
• Buying or Building Real Estate in Costa Rica? Here is What You Need To Know? Part I with FREE online video interview with Attorney Roger Petersen.

To speak with Attorney Rick Philps and Attorney Roger Petersen about hiring them as your Costa Rica attorneys, please contact them using the information below:

Andrew Makarik

to@welovecostarica.com

Andrew Makarik is the main editor of WeLoveCostaRica, a fan of this sunny country. He is also a loving husband and a has a lovely daughter. By being a devoted family man and the biggest Costa Rica fan, he wants to make more people feel at home there. WeLoveCostaRica unites people and helps them find new home or a new travel destination. This website is a friendly community where everyone can find not only information, but also new friends and travel pals. Andrew is also passionate about IT and programming, so he himself maintains a friendly atmosphere in this cozy environment of WeLoveCostaRica.com.