Like Panama, Costa Rica's corporate laws allow any person or entity to control a company without the name actually appearing in the public records. Just as with Panama corporations our Costa Rican law office can set up the corporation without the real owner's name ever appearing in the record. Although there is a legal President, Vice-president, Secretary and Treasurer (nominees are usually provided), the actual ownership of the corporation is secret. Bearer shares are not permitted but actual ownership of a Costa Rican corporation is invested in whoever physically has the stock certificates in their possession since the shares can be endorsed over to that person. Companies here are structured as what are known as joint stock companies which means there have to be at least two shareholders.

A Costa Rican S.A. is free to engage in many types of business activities, both in Costa Rica and in other countries and it pays nothing on what it earns outside of Costa Rica. Local laws require that a yearly tax report must be filed which we arrange to have done when the annual fees are paid. If there is no domestic income to report, there are no tax consequences.
Please note that corporate name choices can only be in Spanish and carry the S.A. suffix at the end. Also the standard authorised share capital is only CR Colones 10,000 (around USD$30) and a minimum of four officers are required. These are usually provided by our law firm unless you request otherwise.