BLP advised the International Finance Corporation (IFC), a member of the World Bank Group, on an investment of up to USD 20 million in Grupo Farmanova Intermed (GFI), a regional leader in marketing, sales, distribution, and logistics. This investment aims to expand access to high-quality, effective, safe medicines in Central America and the Caribbean. The…
Category Archives: Costa Rica
At BLP, Blog, Costa Rica, El Salvador, Environmental, Social and Governance (ESG), Guatemala, Honduras, News, Nicaragua
BLP is honored as Pro Bono Leading Light 2024 by Latin Lawyer
21
Nov
Nov
We are excited to announce that BLP has once again been recognized in Latin Lawyer’s prestigious Leading Lights 2024 list, underscoring our steadfast commitment to fostering a robust pro bono culture across Central America. Latin Lawyer acknowledges law firms that have made significant strides in advancing pro bono initiatives, and BLP is proud to be…
21
Nov
Nov
Law No. 10600, “Fiscal Treatment of Infrastructure Trusts,” was published in La Gaceta #218, which amends articles 3 and 28 of the Income Tax Law, No. 7092. The Law establishes that infrastructure trusts will not be subject to Income or Capital Income Tax. This modification took effect on November 20, 2024. For more information, contact…
Blog, Costa Rica, News, Tax
Technical provisions for electronic invoices for tax purposes in Costa Rica
20
Nov
Nov
Through Resolution MH-DGT-RES-0027-2024, published in La Gaceta No. 217, Supplement 186, on November 19, 2024, the General Directorate of Taxation established the formats and technical specifications for implementing version 4.4 of the Annexes and Structures for the Issuance of Electronic Invoices. The timeframe for implementing and operating the cited version 4.4 is six months from…
19
Nov
Nov
The new regulation on electronic invoices was published in La Gaceta, issue number 210, on November 8, 2024. This regulation introduces some changes related to electronic invoices. Some of these changes include: The issuance of an electronic purchase invoice, which will support the acquisition of goods and services by a taxpayer from a non-resident, an…
Analysis, Blog, Costa Rica, Environmental, Social and Governance (ESG)
Costa Rica: A Strategic Destination for Green Hydrogen Development
18
Nov
Nov
Authors https://blplegal.com/wp-content/uploads/2024/11/Articulo-Hidrogeno-Verde_FOTO.png Luis Palacios Director Costa Rica E-mail https://blplegal.com/wp-content/uploads/2024/11/Articulo-Hidrogeno-Verde2_Simon-Sauve.png Simon Sauvé Director Costa Rica E-mail Amid the global energy transition, green hydrogen emerges as a key alternative for achieving decarbonization. With abundant renewable energy, ample water availability, and a legal framework that encourages foreign investment, Costa Rica has significant potential to attract investment and become…
06
Nov
Nov
The National Wage Council, in its session No. 5834 held on October 30, 2024, approved a general 2.37% increase in minimum wages for the private sector. Below are the key details: Details of the Increase: Effective Date: The wage adjustments will take effect on January 1, 2025. Specific Increases: The increase in wages of Domestic…
Blog, Costa Rica, Labor & Employment, News
Paid Leave for the Death of Relatives of Workers in Costa Rica
29
Oct
Oct
On October 21 of this year, the Legislative Assembly approved, in a second debate, the “Law to Create Paid Leave for the Death of Relatives of Workers, to Protect the Right to Grieve,” processed under legislative file No. 23.929. This law introduces a new item, (l), to Article 69 of the Labor Code. This new…
Blog, Business Law, Costa Rica, News
New Obligations for Non-Profit Organizations (NPOs) in 2024 in Costa Rica
15
Oct
Oct
Avoid sanctions and operational problems by ensuring compliance with the new Transparency and Final Beneficiary Registry (RTBF) declaration. Starting in 2024, Non-Profit Organizations (NPOs) in Costa Rica must comply with new transparency obligations, under the aegis of the Transparency and Final Beneficiary Registry of the Central Bank of Costa Rica (BCCR). This requirement is part…
Blog, Costa Rica, Free Trade Zones, News, Sanitary Registration of Products
New Regulation for the Authorization of Health Products in Free Trade Zones Enters Public Consultation
14
Oct
Oct
The Costa Rican Ministry of Foreign Trade and the Ministry of Health have issued a regulation, which is currently under public consultation, to authorize the entry into the free zone regime of products of sanitary interest or their raw materials without the need to process a sanitary registration or notification when such products meet the…