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What advantages are associated with the use of a Corporation in Costa Rica?

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Monday, 19 April 2010
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Wednesday, 11 August 2010
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Answer

A corporation can be used to advantage in several manners:

  • Privacy in terms of ownership of assets.
  • Liability limitation or separation from other assets
  • Purchasing and selling by proxy to save travel and expenses.
  • Holding separate powers of attorney among partners.
  • Avoiding possible complicated probate issues.
  • Transferring control of assets without paying title transfer taxes.
  • Income tax strategy planning.

Source: www.amcham.co.cr

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