One of the first things that potential expats ask when they would like to live in Costa Rica is the ease of doing business. Every expat has his/her own way of earning money abroad. Some work as teachers, while some others already depend on their pension and savings accumulated during their lifetime. Others, however, start businesses.
Fortunately, with a stable political atmosphere, good infrastructure, an educated workforce, and the absence of limits of foreign control on corporations, we can say that Costa Rica is a viable location for expats to start a business in. In fact, you can even start a business with only a tourist visa.
But do consider that labor laws here are quite strict. The Costa Rican government ensures well that its workers are properly protected. It allows easy establishment of businesses to increase available jobs for the Ticos in the first place.
There are four basic types of businesses that once can set up here in Costa Rica, namely, limited partnership, general partnership, limited liability company, and corporation. Of these, the corporation is the most popular.
For those who are not familiar with the Costa Rican legal system, I suggest you get a commercial lawyer immediately before setting up your business. This can help you establish your business with ease and without any more legal complications. Furthermore, while it is not obligatory to have a Costa Rican partner in your business, having one also has its merits, because they are most likely familiar with the business environment.
Of course each of the business types has its own unique requirement. Just consult with your lawyer as to what these requirements are. Something that is also important is the name of your business. This business name has to be in Spanish and has to be unique. Certain documents also have be requsted, such as the Cédula de Persona Jurídica, which is analogous to a federal tax number.
For a more detailed process on how you can start a business in Costa Rica, please refer to this article from Cocori.com.
