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Category Archives: Costa Rica
Analysis, Blog, Costa Rica, Free Trade Zones
Services: The Other Side of Exports in the Free Trade Zone Regime and the Challenges Involved
21
Nov
Nov
In Costa Rica, we usually associate the free trade zone (FTZ) with the export of goods, most often medical devices. However, according to COMEX statistics, the country’s export of services has had an annual growth rate of 6%, reaching a staggering $11.79 billion in 2022, with a substantial portion of such exports centered on technology….
17
Nov
Nov
It fills us with joy and pride to share the exciting news that, for the ninth in a row, and tenth in total, BLP has been distinguished as Costa Rica Law Firm of the Year at the prestigious Chambers Latin America Awards 2023, awarded by Chambers and Partners. At a gala held at The Ritz-Carlton…
Blog, Costa Rica, News, Sanitary Registration of Products
New expiration date for EMB sanitary registry
16
Nov
Nov
The sanitary registrations of Biomedical Equipment and Material (EMB), Chemical Synthesis Medicines, Biological medicines, Medicines with Therapeutic Equivalence, Hygienic Products, and Natural Products that expire between April 2023 and November 2023 will have their expiration extended to February 29, 2023. 2024.
Blog, Business Law, Costa Rica, El Salvador, Honduras, News, Nicaragua
BLP advises Grupo Unicomer on a syndicated loan for US$350 million
16
Nov
Nov
BLP, renowned for its prowess as legal counsel, has provided pivotal advice in a US$350 million loan transaction granted to Grupo Unicomer by a pool of syndicated banks, where several subsidiaries of Unicomer in LATAM and the Caribbean have acted as guarantors. Our legal guidance spanned the entire process, from negotiations to signing the credit…
Blog, Costa Rica, Intellectual Property, News, Sanitary Registration of Products
New requirements and procedures for the classification, registration, import, labeling, advertising, and surveillance of biomedical equipment and material
13
Nov
Nov
On September 9, 2023, the new RTCR 505: 2022: BIOMEDICAL EQUIPMENT AND MATERIAL. CLASSIFICATION, REGISTRATION, IMPORT, LABELING, ADVERTISING, SURVEILLANCE, AND CONTROL came into effect, establishing requirements and procedures for the classification, registration, import, labeling, advertising, and surveillance of biomedical equipment and material. Under this new regulation, the following documents, which were not previously requested by…
Blog, Costa Rica, Global Mobility & Relocation, News
Extension of the time of entry visa for tourist group 1
31
Oct
Oct
The General Directorate of Immigration and Foreign Affairs decrees* that visitors from the 60 countries corresponding to group 1 of tourist visas for entry to Costa Rica may have their stay time extended from 90 calendar days to 180 calendar days, as established by the following modification: “Article 2—Modify article 8 of the Regulation for…
Blog, Business Law, Costa Rica, News
BLP advised CMI on the acquisition of Corporación AUG in Costa Rica
26
Oct
Oct
BLP has played a fundamental role in the acquisition of Corporación AUG by CMI in Costa Rica. This sweeping transaction involved a series of critical stages and a diverse group of sellers, marking a significant milestone for CMI in the country following the devastating fire at its plant in early 2023. The firm’s advice covered…
Blog, Costa Rica, News, Public Law, Public Procurement & Regulation
Temporary suspension of SICOP from october 19 to 22, 2023
18
Oct
Oct
Please be informed that SICOP will be suspended on Thursday, October 19 at 6:00 p.m. until Sunday, October 22, 2023 at 11:59 p.m. During the suspension period, users will not have access to the platform, precluding them from paying invoices, releasing guarantees, publishing solicitations, or performing any other system procedure. SICOP makes the following communication…
05
Oct
Oct
Import Customs Declaration Self-rectification Policy Project in public consultation. The General Directorate of Customs issued a policy on the self-rectification of import customs declarations due to the entry into force of article 82 of CAUCA IV, article 333 of RECAUCA IV, article 90 of the General Customs Law and articles 251, 252, 253, 254 of…