The Data Protection Law or the right to informative self-determination or the right to data protection allows anyone to control the flow of their personal information and decide how they want it to be used, for what purposes, who can access it and how it can be shared. This is not a new right in […]

The Costa Rican Commerce Code is one of the most evolved regulations in our Civil Law. For this reason, trade in Costa Rica has received a large amount of foreign investment through contracts equivalent to its foreign versions in other legal systems. A clear example is the trust, which shares the structure and objectives of […]

When investing money, when looking for financing, and even, when you want to safeguard your heritage or own assets for the benefit of your loved ones, there is a word that describes and motivates a person from the thoughts to the actions; that word is: the trust. If you do not have confidence, the option […]

Factoring -also known as assignment of the transfer of invoices or discount of invoices– is one of the most widely used financial tools in Costa Rica. This type of financing has been practiced for many years in the country and it´s frequently used by companies that need to improve their liquidity promptly and to continue […]

The importance of the will itself is nothing other than a way to exercise the Property Law so that its provisions are fulfilled after the death of the testator, especially with regard to the transfer of your assets that comprise both your assets, that is, their transferable assets and rights, such as their liabilities, that […]

In 2015 and after a long process of debating around the subject, Costa Rican Constitutional Court declared the cancellation of taxes on corporations or illegal the tax on corporations (by a majority and for reasons such as considering that the constitutional principles of taxable capacity and the principle of advertising were violated). This ruling affected the Law […]

Each year, for the second quarter, there is a major government discussion related to the semi-annual increases in wages that should be given to the public and private sector. In the case of the private sector wages, a ruling has already been given. Effective from July 1st and already published in La Gaceta (official newspaper), the Executive Decree No. […]

For those people who are looking to rent a house, some significant legal changes were made regarding ​​house renting, which may benefit future tenants. The new rules for the annual price adjustment of house renting may have a very positive impact when end users make payments. The house rent increases will be made according to the annual inflation rate rather than the 15% fixed rate […]

Since 2012 when the platform CrearEmpresa  was developed by the Secretaría Técnica de Gobierno Digital of Costa Rica, more than 7.000 corporations or limited liability companies have been registered electronically to the Registro Nacional. This “single window” procedure to register a corporation is agile and fast -actually the registration can be completed in less than 24 hours- and is made through […]

In Costa Rica and the rest of the world the merger of companies or corporations is very common, it constitutes an agreement reached by two or more companies to unify into a new one or absorb other companies. Corporate mergers occur mostly because of market expansion, strategy of companies, or financial crisis. According to the statistics handled, in the first half of 2015 […]