Corporations Archives - Outlier Legal Services

Happy Holidays! Your employee’s Aguinaldo is due 0
- Business, Corporations, Labor
- November 30, 2022
Happy Holidays! It's that time of year again, when Costa Rican staff must be paid their Aguinaldo (aka Christmas bonus or 13th month). What is Aguinaldo? Briefly, it is the Christmas Bonus due to all salaried employees in Costa Rica, usually equal to 1 month's salary. This is mandatory by law. When is it due?READ MORE
What exactly are the “Legal Books” we keep mentioning for your business?0
- Business, Corporations
- October 20, 2022
This article is a brief introduction to the legal system in Costa Rica as it pertains to owning a corporation, this avenue of law has its own regulations and jurisdiction. Legal books are essentially the company records that contain the information of the shareholders, their agreements, how the capital is divided, any changes in the bylaws
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Registry of Transparency and Final Shareholders Beneficiaries for Companies in Costa Rica 0
- Business, Corporations
- August 10, 2022
All companies established as corporations with legal address in Costa Rica are required to submit every April, the annual declaration of the Registry of Transparency and Final Shareholders Beneficiaries through the Central Bank (BCCR). Companies have to do this through their legal representative. This requirement consists of a declaration that the authorized person or legal representative
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Responsibilities When Hiring Staff 0
- Business, Corporations, Labor
- August 11, 2021
There are certain responsibilities that must be fulfilled in order to have a healthy working relationship between every employer and his employees, this is usually the rule all around the world and Costa Rica is no exception. The Labor Code broadly regulates the relationship between employer and employees and clarifies the obligations of both within
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How to Do Business in Costa Rica 0
- Business, Corporations
- August 5, 2021
Starting a business is different in every part of the world due to the particular challenges you may come across, in addition each country has a business culture that is important to understand and Costa Rica is no exception. One of the most important things we must do before we can run a business in
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How to Run a Corporation Successfully?0
- Corporations
- January 6, 2021
A corporation is the legal person whose purpose it is to carry out commercial acts subject to commercial law. A commercial company has a nominative nature where there is an obligation and there is a subsequent application of that contribution to achieve an economic goal. Companies originate when two or more people share an interest
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