Why Costa Rica
Costa Rica is one of the most attractive countries in which to do business in Central America, offering the region’s strongest social and political environment. Costa Rica’s stable mercantile and banking regulations, combined with a high standard of modern services and an exceptional workforce, create a secure environment for investors and corporations.
Our core areas of expertise
However, entering a new market presents significant challenges and risks. Companies must ensure a complete understanding of local laws and regulations to avoid facing risks to their reputation, fiscal penalties, loss of business opportunities and legal action.
TMF Costa Rica helps companies keep compliant with local regulations and filings, and has helped many large and small businesses set up in Costa Rica with speed, safety and efficiency.
We have a solid core of local experts in Costa Rica assisting local and international clients, providing financial, legal, HR and payroll services across the country. We can get you set up, provide a single point of contact and take care of those non-core elements that keep your business moving, allowing you to focus on what you do best: selling your products and services.
As a leading provider of business process services, TMF Group helps companies looking to expand their operations with:
- Accounting and Tax services: We take care of local statutory bookkeeping, full consolidated accounts and management reporting to relevant local and international standards. We also help you manage your tax and reporting obligations.
- Global Entity Management services: We provide support at every stage of your business lifecycle. Our multi-disciplinary expertise - in corporate secretarial, regulatory compliance, fiduciary services and more - is your outsourced answer to managing and maintaining entities across borders.
- Governance services: We help you stay compliant, manage your risk and regulatory obligations, including your local legal requirements for Common Reporting Standard (CRS), Foreign Account Tax Compliance Act (FATCA), Know Your Customer (KYC), CbCr notification, Master File / Local File and Ultimate Beneficial Owner (UBO) register.
- HR and Payroll services: We help you to apply and implement international policies in employment contracts and handbooks, and pay your staff in compliance with local law.
- International Corporate Structuring: We manage the legal set-up and structuring of new or existing operations.
- International Entity Healthchecks: We are able to provide official details about your company’s structure, assess the compliance situation and recommend the next steps that should be taken to remediate any discrepancies found.
Understanding local law, regulations, processes and requirements is at the heart of what we do. From whatever country you are in, our wholly-owned and independent offices across the globe can help launch your entry into the Costa Rican market, ensuring you reduce risk and simplify operations.
The registration of TMF Costa Rica (TMFCR) Ltda., identification number 3-102-754715, before the General Superintendence of Financial Entities (SUGEF, in Spanish) does not represent an authorization to operate. The supervision under the aforementioned Superintendence is related to the prevention of money laundering, financing of terrorism and financing of weapons of mass destruction, in accordance with Law 7786. This law is related to narcotic drugs, psychotropic substances, non-authorized drugs, related activities, money laundering and financing of terrorism. Therefore, the SUGEF neither monitor the business activities offered and delivered by the company nor its security, stability or solvency. The purchase of the company´s products or services by individuals is at their own expense and risk.
*Availability of our global portfolio is country dependent.