Off-shore Companies: Costa Rica

IBC Formation:
The public limited companies in Costa Rica are very populars at the time of maintaing a business in the legal matters inside or outside the country.

At the time of forming a company it could be created under any name given by you, but you have to make sure that the provided name does not contain any disrespectful or insulting language, and it should be unique because if its similar to another company name it would be rejected.
The last part of the chosen name for the company as always end with a legal suffix such as: S.A., Sociedad Anonima.
It is prohibited to use any names denoting any connection to local, state or national governments, universities, chamber of commerce.

Legislation
Commercial Code, Law No. 3284, passed on September 19, 1964, and its subsequent amendments.

IBC Structure
Two directors or shareholders are required for the company’s formation.
Shareholders and directors may be the same person.
The shareholders and directors can be a natural person.
In Costa Rica is necessary to have for the board directors one (1) president , one(1) secretary, one (1) Treasurer and one(1)fiscal inside the country.

Directors
All business companies in Costa Rica can have one or more person or corporate directors and they can be of any nationality. Without the needs of any statutory meetings to be held you can have them all or do business activities not being in the country at distance.
Taxation
In Costa Rica they offer investors the benefit of a zero  tax exception like all the offshore jurisdictions for foreigners around any commercial activity or commercial transactions made outside the country.
Privacy
In Costa Rica is not necessary to register the names of the shareholders or the directors in the public records.
Records/Books
By law a Costa Rican BCI should keep accounting records that are able to explain all the transactions of the company and will be enable to show the position of the company with reasonable accuracy.

The books and records will not be shown in the public records it should be kept at the registered office of the company.