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    Fractional Ownership - Four Seasons Residence Club Costa Rica

  • Costa Rica´s Beautiful Scenery - An Earth Day Tribute!

    Costa Rica´s Beautiful Scenery - An Earth Day Tribute!



Find the most recent and relevant Costa Rican news about sports, activities, fun and interesting stuff to do when in Costa Rica. Learn to live the lifestyle
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Financial News

Financial News

What is new in Costa Rica´s economy? Find the latest news here.
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What is it like to live in Costa Rica? Find out all about the Costa Rican lifestyle.
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Government & Regulations

Government & Regulations

Knowing what goes on in Costa Rica is very important for those interested in investing in the country. Costa Rican politics tend to be pretty stable and safe for locals and foreigners.
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Fly Costa Rica-Amsterdam Direct on KLM’s Dreamliner Jet

Fly Costa Rica-Amsterdam Direct on KLM’s Dreamliner Jet

The service will operate Tuesdays and Fridays as of October 31, and then additionally on Sundays starting at the end of January 2018, announced the airline.

The new craft consumes 20 percent ​​less fuel that the airline’s other jets, generates 40 percent less noise and emits 20 percent ​​less CO2, which brings the company closer to the goal of reducing its greenhouse gas emissions by 20 percent by 2020 over 2011.

The Dreamliner’s 294 passengers can fly from Amsterdam (Schiphol terminal) at 3:25 p.m. on the days the service is offered, and arrive at Costa Rica’s main Juan Santamaría International (SJO) airport the same day at 8:05 p.m.

Flights to Amsterdam will depart from SJO at 10:05 p.m., arriving at Schiphol at 3:10 p.m. the following day. On other days, flights are available to Amsterdam from Costa Ricans via Panama also on KLM.  This direct service is the seventh such connection between Costa Rica and Europe.

By Wendy Anders








IMPORTANT CORPORATION TAX INFORMATION – Inactive & Active Costa Rican Corporations

Effective Immediately: What you Need to Know

Those companies that are behind with the tax imposed by the former law (and have not been dissolved yet by the Registry) can proceed paying the debt without interest or fines within 3 months after the law takes effect.

During the following 12 months after the law takes effect, the assets (real estate, vehicles, boats…) held by an inactive corporation can be transferred TAX FREE to any other corporation or person. This is good for the case of a person that holds 4 corporations with assets and will like to keep only 2. Transfer taxes are usually very high and this is a great chance.

During the following 24 months after law takes effect all those person that hold a POA (whether being on the board or not) can legally resign by preparing a resignation letter and visit a Notary to acknowledge letter was delivered to the company, or could not be delivered). Those members on the board without POA can resign too. Then the Registro will register such resignation and disappear their names so they can skip the responsibility for future unpaid tax.

Generals. To be paid by all corporations as well as registered branches from foreigner companies. The tax is to be paid during the month of January every year. For 2017 it needs to be paid proportional when the law takes effect (which will happen September 1st, 2017).

Tax amount. The amount for inactive companies will be lower than the tax established by the former law that ruled between 2012 and 2015, as follows:

  • Inactive: 15% of salary base = 64.000 colones =  $115 approx
  • Companies w gross income < 51 million colones= 107k colones=$192 approx
  • Companies w gross < 120 million colones =128k colones = $230 approx
  • Companies w gross income >120 million colones = 213k colones = $383 approx
Those little companies -PYMES- registered at the Ministry of Economy will be exempted.
NOTE: It is important to note that during 2017 the tax will be charged proportionally between September 1st and December 31st. So this year inactive companies will pay 21,310 colons -about US$40- and payment can be done online from your CR bank account or straight at the bank.

Solidarity. Legal representatives are personally responsible for the tax too. Legal representative means to have a POA -not necessarily to be on the board- or holding a full POA granted by the company to a person that is not on the board.

Personerias. The Registro Nacional will not issue any certifications of the company, popularly named Personerias unless the tax is paid. With the former law there was a “shortcut” by asking for a Certificacion Literal, but the new law eliminate that possibility. This is “nonsense” restriction because it might end up creating a benefit for those companies with pending debts or that have to be sued by a third party. Because such creditor or third party will have to pay the tax of the company they need to sue to be willing to present the case in Court. YES, THAT MEANS PAY IN FAVOR OF THE COMPANY THAT YOUR ARE SUING!

Dissolution. Those companies that reach 3 years without paying the tax will get dissolved by the Registry of Corporations. Any assets held by those companies will remain attached with a lien as guaranty for the payment. Stockholders will be considered responsible for the tax too. (Important to remember law 9516 published on December 20th, 2016 created the obligation to inform to Central Bank who are the stockholders of every corporation in CR, another obligation who will enter in effect when they create the system to proceed, anytime soon I guess). The National Registry recently dissolved 200K plus companies that were behind more than 3 years.

Destiny. The tax supposedly is to be given 90% to the Ministry of Security, 5% to the Jail System and 5% to OIJ Judicial Police.

Effect. The law is to take effect “3 months after the Presidential Decree to apply gets published”. The effective date is September 1st, 2017 and tax term to pay expires September 30th, after that interest will apply.

Presidential Decree. Presidential Decree 40417-H rules the way this law will be applied. Here are a few comments about it:

The Tax Ministry will include all existing corporations on a database system for the purpose of determine what is the amount to be paid. All inactive corporations will have to file a D-140 form indicating they will remain inactive. Because there are so many there will be an order according to the last number of corporate ID to comply with this.

As follows:

If your last corporate ID number ends 1 or 2= During October 2017

If your last corporate ID number ends 3 or 4= During November 2017

If your last corporate ID number ends 5 or 6= During December 2017

If your last corporate ID number ends 7 or 8= During January 2017

If your last corporate ID number ends 9 or 0= During February 2017

Not complying with filing this form will produce a fine equivalent to $400 per month delayed to maximum $2,400.

  • For new corporations being registered after the law takes effect, the Registry of Corporations will not charge automatically the tax to be paid. It needs to be paid at the Tax Ministry within 30 days from the day the Registration was requested.
  • Tax Ministry will create a system for consultation where to check if a company is up to date or not. If the company pays the tax but is behind on filing or paying rent tax, it will remain as behind status until that is paid or fulfilled too.
  • Those companies operating under Simplified Rent regime, will have to pay $192 yearly for the tax


By: Allan Garro

Fortune 500’s Accenture to Open Costa Rica IT Services Center…

Accenture, named this year by Fortune Magazine as the world’s most admired information technology services company, will be establishing a new delivery center in Costa Rica for the 70+ Search Technologies big data engineers based in the country, said a company press release.

The Fortune 500 company announced earlier this month their acquisition of

The expansion to Costa Rica is part of the acquisition.

The Costa Rica Center will specialize in customer and content analytics. The Costa Rica team will work closely with the Accenture Interactive digital content production and marketing services team to offer clients complementary services and holistic content offerings, as they seek to deal with the explosion of content across multiple channels. The new location will become part of the Accenture Global Delivery Network, said the company.

Accenture PLC is a global management consulting and professional services company that provides strategy, consulting, digital, technology and operations services and was incorporated in Dublin, Ireland, since September 1, 2009. Accenture’s current clients include 94 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500. Accenture common equity is listed on the New York Stock Exchange, under the symbol ACN, and was added to the S&P 500 index on July 5, 2011, according to Wikipedia.

By applying artificial intelligence (AI) technologies like machine learning to this type of client data, Accenture can help generate new, more precise insights that drive improved business outcomes, according to a press release on the company website.

Search Technologies joins the existing community of data scientists and engineers within Accenture Analytics and will focus on developing and industrializing solutions that make unstructured content from social media to video to voice and audio easily searchable to support data discovery, analytics and large-scale reporting. Search Technologies employs nearly 200 big data engineers and search experts from locations across the United States, Costa Rica, Europe and the Philippines.

“With the addition of Search Technologies capabilities, we are in an even stronger position to help organizations take advantage of their data, regardless of format, to generate more precise and actionable insights,” said Narendra Mulani, chief analytics officer, Accenture Analytics.

Kamran Khan, president and CEO of Search Technologies, will lead a new Content Analytics team within Accenture Analytics.

By Wendy  Anders

ICT shows 8.4% growth in number of Europeans vacationing in Costa Rica

The strategy implemented by the Costa Rica Tourism Board to promote the country for European tourists is paying off, according to data provided by the General Direction of Migration Costa Rica has received 8.4% more European tourists (through the airports) in the first semester of 2017 in comparison to the same period of 2016.

The Minister of Tourism, Mauricio Ventura, has explained on several occasions that the government’s goal was to diversify and not be so dependent on the American tourists.

“Historically we have depended on the United States as a natural market, and the efforts of attracting new airlines, market intelligence, promotion, publicity and public relations were all focused on this country; but the story has changed, because it is necessary that Costa Rica takes advantage of its image to reinforce its positioning in Europe as a market with huge potential”, explained Ventura.

The majority of European tourists coming in the country originate from France with a total of 35,759 (through airports only) followed by the United Kingdom with 33,249 and Germany 27,856.

The growth is directly related to the increase in the number of airlines(currently 8) and the frequency of direct flights from Europe to Costa Rica.

The Costa Rica Tourism Board has taken steps towards ensuring a continuous growth of this market by opening a PR agency in each of the four main European markets (France, Spain, Germany and United Kingdom), having presence in international tourism fairs and creating marketing strategies directed to this market.

By Laura Alvarado

Celebrities Show us Some fun Activities in Costa Rica

As we reported earlier this week, several celebrities are vacationing in Costa Rica, one of them, Mexican actress Salma Hayek along with her beautiful young daughter and her billionaire husband Francois-Henri Pinault; the famous family was spotted in Santa Teresa de Cóbano, Puntarenas, but they had been discreet and careful about their time in the country; however, the sexy actress shared some of her adventures in the country with her fans in social media.

Salma Hayek

Norman Reedus, on the other hand, the famous Daryl Dixon on The Walking Dead who is in the country with German-American actress and former model Diane Kruger took pictures with fans in the area of Nosara, had fun surfing in Guiones Beach and even had time to volunteer some time to plant trees for the Barri-Guiones Coastal Restauration Project.

According to local newspaper La Nacion, Gerardo Bolaños, director of the organization met Reedus while surfing and told him about the project,

“I met him at the beach, I approached him and told him about the project, he liked it a lot, and said he was excited. He is a very kind person, fun and a joker”, said Bolaños in declarations to La Nacion.

Apparently Reedus planted three trees, one in honor of Diane, another one in honor of his son. Diane planted one tree dedicated to Reedus.

Barri-Guiones is a reforestation project carried out by non-profit organization Costas Verdes.

Norman Reedus











By Costa Rica Star


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