F) Yearly Renewals
For all of the services listed and described below there is a yearly fee of USD 250. This fee must be paid once the company reaches its first year.
Use of GLC Abogados’ Office as the company’s registered address.
A resident agent is required in accordance to the article 18 subsection 13 of the Commerce Code if there is no legal representative that is domiciled in Costa Rica. The appointment has to fall upon a local lawyer and its function is strictly related to hearing court and administrative notices.
Legal Book Custody
Along with the company incorporation the legal books of the company are legalized by the Costa Rican Public Registry. These books allow to make changes in the company and transfer shares.
Other Yearly Fees
Government Corporation Tax Payment Diligence
The Corporation tax was established by Law 9024 of December 27th, 2011 and its payment is mandatory to keep the company duly registered. It may vary on a yearly basis due to government policies. We make sure to make the timely payment each year after communicating the exact amount due to our clients prior to the expiration of the payment term. Its payment is due every January 31st, and the currency in it will determine the good standing of your company. The cost of this service is USD 75 plus the Government Corporation Tax.