Everyday more and more foreign companies invest money to consolidate in Costa Rica, because it is a country with financial stability that offers them high quality professionals and an ideal location for business. It is the Foreign Direct Investment sector which generates more direct jobs in the country: 50 thousand, a number that would rise to 60 thousand by […]

Violation of the principle of advertising in the Tax Law on Legal Corporations The Constitutional Court of Costa Rica, through vote number 2015-1241, declared the unconstitutionality of the Tax Law on Legal Corporations, due to the infraction committed by the Congress to the basic principle of Advertising, during the processing of the bill. The breach happened when […]

The Central Bank of Costa Rica (Banco Central de Costa Rica – BCCR) decided to migrate to a managed floating exchange scheme, just over eight years (October 17, 2006) after the exchange rate bandbegun operating to control the price of the dollar in Costa Rica (floor and ceiling). With the new managed floating model, the price of the dollar will be set accordingly to the laws of […]

As established in Article 33 and Transitory XI of the Disability, Old-Age and Death Insurance (IVM) Regulations, on January 1, 2015, an increment in the contribution that salaried workers, employers and the State contribute each month comes into effect. to the Costa Rican Social Security Fund (CCSS). Increment in the contribution percentages The total contribution […]

On Thursday, January 1st, 2015 will take effect the updated Manual de Valores Base Unitario por Tipología Constructiva (MVBUTC in Spanish), which helps to establish the tax value of real estate properties that cost ¢121 million or more, including luxury houses, and that must pay the Solidarity Tax to the Strengthen of Housing Programs (Law 8683). As clarified by Tributación […]

There’re several types of commercial figures for the rent or buy movable properties in Costa Rica, in other words, those which can be moved from one place to another: Vehicles, machinery, aircrafts, technological equipment, ships, etc. In this article of our blog we’ll explain you the three most used options, which are the pledges, the leasingand the renting. Pledges: a guarantee […]

Investing in the acquisition of real estate project is possible, even if you don´t have the necessary capital, considering the different credit options that exist in the market. Credit options for the acquisition of real estate properties in Costa Rica: Whether you have in mind to buy a lot, house or apartment, ERP Lawyers & Associates, your legal advisor in Costa Rica, […]

On this occasion we want to remind you that there is a tool to confront those tenants who persist on not paying the rent over a real estate property: the Monitorio Arrendaticio Law which was created in order to streamline the process of eviction. The 9160 Law was approved by the Asamblea Legislativa on August 13, 2013 and came into force on […]

To receive a highly professional legal advice based on experience in Real Estate will be vital to make sure that the land you want to purchase for starting a real estate project (horizontal or vertical condominiums, houses, gated communities or commercial) is ideal and doesn’t have any kind of building restrictions. At ERP Lawyers & Associates we perform a service called ‘Due Diligence’, by […]

On July 1st came into force in Costa Rica, a salary increase for the private sector, of 2,35%, applicable for the second half of 2014 (The Decree No. 38520-MTSS was published in La Gaceta on July 15th). The salary increase private sector was set by the Consejo Nacional de Salarios (National Wage Board) in favor of employees with […]