The Congress approved in a second debate the bill 21,990 named “Law of Promotion of Tourist Marinas and Coastal Development”. This law partially reforms Law 7744 called “Law of Concession and Operation of Marinas and Tourist Berths”, among the most important aspects are: a) Concession Term: The corresponding municipality or the Costa Rican Tourism Institute […]

A few weeks ago, the Congresswomen of Costa Rica, Mileidy Alvarado Arias, María Inés Solís Quirós and Silvia Vanessa Hernández Sánchez, presented the Bill called: “LAW FOR THE ATTRACTION OF INVESTORS, RENTERS AND PENSIONERS“, whose objective is to contribute to the economic reactivation of Costa Rica. Costa Rica, like all or most of the countries […]

Last March 2nd, the Legislative Assembly approved in second debate bill 21.364 called “Reform of Article 460 of Law 3.284, Commerce Code, dated April 30, 1964, Law for the Digitalization of Judicial Collection“. This bill pretends to modify Article 460 of the Commerce Code in order to give to the electronic invoice the character of an […]

As stipulated in article 37 of our Family Code, prenuptial agreements in Costa Rica consist of the pact or agreement, in public deed before a Notary Public, made by the future spouses, intended to regulate the patrimonial aspect of the conjugal partnership, and can include both present and future assets. In Costa Rica, the prenuptial […]

For the second time in Costa Rica, in face of the declaration of national emergency due to COVID19, the extension of the appointments of boards of directors and other bodies in civil organizations is authorized, which expired in 2020 so that this term is extended to 2021 automatically. Law No. 9956, reform of articles 1 […]

At the end of 2019, Law No. 9738 “Law to Regulate Telecommuting” came into force in our country; and its Regulations came into force at the beginning of 2020, a reality that had been applied even long before its legality in the country by multiple work centers, as a policy of practicality, efficient productivity, saving […]

According to the Ministry of Labor of Costa Rica, all foreigners who have a residence card free of status, work permit or legal status of refugee or asylee can exercise legal work in the country. For this reason, the foreign person who wishes to carry out paid work in Costa Rica must, in the first […]

In Costa Rica we have three ways by which mercantile companies can be dissolved and liquidated at a notary’s office. These possibilities are: a. Protocolization of the minutes of the assembly of partners / shareholders. b. Appearance of the partners / shareholders before a Public Notary. c. The process of non-contentious judicial activity. For the […]

The mortgage is one of the oldest known institutions within Civil and Commercial Law; It has always been used to establish a security right on real estate, in order not to make the payment of an obligation illusory, and that, in case of non-compliance, the Creditor can auction the mortgaged property and thus make the […]

This article is intended to synthesize the importance for the owners of Real Estate to carry out the Transfer of Assets before the respective local governments at the time of acquiring one. When we carry out a real estate transaction, we normally only focus on ensuring that the transfer is duly registered in the Real […]