BLP advised Evertec in the acquisition of 100% of the share capital of Zunify Payments, Ltd., a company dedicated to the business of financial operations by electronic means, providing a payment network that interconnects consumers, companies, and issuing and acquiring financial institutions, all through the Zunify Platform. Zunify is a fintech company founded by Costa…
Category Archives: Costa Rica
24
May
May
Reform to articles 110, 111, and 111 bis of the Regulations to the Free Zone Regime Law The Ministry of Foreign Trade, through decree No. 44447-COMEX-H, issued reforms to articles 110, 111, and 111 bis of the Regulations to the Free Zone Regime Law. The reforms introduce changes to customs procedures in inventory operations, recycling,…
At BLP, Blog, Costa Rica, El Salvador, Guatemala, Honduras, News, Nicaragua
BLP renews its brand: the new face of corporate legal advice in Central America
23
May
May
May 23, Central America. BLP excitedly announces the official launch of its new brand image. This precise and modern change reflects everything that BLP represents while reaffirming its commitment to excellence in corporate legal advice. Since our founding in 2003, BLP has redefined legal services in the region by acting as true allies that constantly…
16
Feb
Feb
2023 was undoubtedly a year of significant changes in the Foreign Direct Investment (FDI) attraction model that the country had sustained for years. Although it is still premature to evaluate the results of these changes, the beginning of the year always gives us the impetus to review in retrospect the work carried out in the…
15
Feb
Feb
Obligation for Large Taxpayers to present audited financial statements The General Directorate of Taxation reformed Resolution DGT-R-46-2014*, regarding the obligation of Large National Taxpayers to present financial statements audited by an Authorized Public Accountant. In this way, those Large Taxpayers who, at the close of their fiscal period, determine a zero-profit tax, must provide, without…
Blog, Costa Rica, Intellectual Property, News
Update of new RTCA for cosmetics in Central America, including Panama.
06
Feb
Feb
As of February 5, the new RTCA for registering cosmetic products will come into force, for which the following information must be included: In case a laboratory that is not a subsidiary or member of the same group is employed, a Manufacturing Contract (or manufacturer’s power of attorney as used in the case of Costa…
Analysis, Blog, Costa Rica, Real Estate & Hospitality
Condominiums in Tourist Marinas: Costa Rica’s new development opportunity
01
Feb
Feb
As part of the natural process of evolution of any real estate project, opportunities for diversification, structuring, and offering new real estate products arise over time. In Costa Rica, tourist marinas have been a clear example of how the natural conditions of a country, in our case, the coasts, can assertively enable the commercial and…
24
Jan
Jan
On January 24, 2024, MH-DGH-RES 0002-2024 was published, updating the requirements for exemption from the real estate tax, as follows: The property must be unique, i.e., that only a natural person has registered such property in the Real Estate Registry. That the value of the property registered with the Municipality does not exceed ¢20,799,000 (the…
Analysis, Blog, Costa Rica, El Salvador, Guatemala, Honduras, Labor & Employment, Nicaragua
Central American Holidays 2024 guide is now available
10
Jan
Jan
At BLP, we understand the importance of efficient planning for Human Resources managers. That is why we present to you our valuable guide to work holidays designed specifically for each country in Central America. With our guide, you will gain access to detailed information on holidays in the region, giving you a clear view of…
22
Dec
Dec
On December 8, 2023, Executive Decree No. 44276-H was published, whereby the income tax brackets that will apply during the 2024 tax period were updated, as detailed below: Salary tax Gross Salary From To Rate $ 0.00 ₡929.000,00 ($ 1,764.00 Aprox.) 0% ₡929.000,00 ($ 1,764.00 Approx.) ₡1.363.000,00 ($ 2,588.00 Aprox.) 10% ₡1.363.000,00 ($ 2,588.00 Approx.)…