As indicated by Law 7472 “Promotion of Competition and Effective Consumer Defense”, the Central Bank of Costa Rica is the entity in charge of calculating and establishing the limits of the maximum interest rates, twice a year, in January and July. The definition of these maximum limits for interest in colones, dollars and other currencies […]

On June 20th of this year, the new law number 7472 that regulates interest rates, “Promotion of competition and effective consumer defense”, also popularly known as the “usury law”, was published in the Official Gazette. This law establishes, among other aspects, the methodology that must be used to set the maximum interest rates, from which […]

The legal support in the payment of rest days can be found in article 152 of the Labor Code, which establishes that every worker has the right to an absolute day of rest after each week or every six days of continuous work. What is an absolute rest? A minimum rest of 24 hours and […]

The 4 X 3 workweek It consists of the possibility for the worker to work 4 days in a row with a 12-hour shift a day and rest 3 days a week, or to work 3 days with a 12-hour shift a day and have the rest of the week off. Bill No. 21182 was […]

The Legislative Assembly of the Republic of Costa Rica authorized the Extension in the Appointments of Boards of Directors and other Bodies in Civil Organizations, which expire in 2020, with a term extended to the year 2021 before the declaration of national emergency by Covid -19. In such a way, the extension will be applied […]

Costa Rican regulations on alimony and child support establish that they can be increased, either automatically or at the request of either party. Article 58 of the Alimony and Child Support Law contemplates an increase in the amount of the fixed amount, in accordance with the salary increases dictated by law. The automatic increase is […]

Undoubtedly, the purchase of a property or of real estate, whatever the reason, represents one of the most important decisions made by anyone, from a financial, personal and family point of view. In order to avoid a bad investment or a legal situation, and to ensure that the purchase of a property to be acquired […]

One of the most difficult aspects the family interrelation regime of a divorce or a de facto or judicial separation is usually the definition of the relationship with minor children, because when the parents decide to go through a separation, undoubtedly those who suffer the immediate consequences are, mainly, the minor children. On many occasions, […]

The Solidarity Tax for the Strengthening of Housing Programs (ISO), or “tax on luxury properties or luxury house tax”, as it is popularly known, has been collected since January 1st and the deadline to declare and pay ended last January 15th. It must be paid by the owners of all properties with values higher than ¢133,000,000.00 […]

Article 51 of the Political Constitution of our country mentions that “the family, as a natural and fundamental element of society, has the right to special protection from the State.” Also, Article 65 of that same regulation indicates that “the State will promote the construction of popular housing and will create the family assets of […]