Listed below are the moveable national holidays for 2023 to enable employers to plan for next year: https://blplegal.com/blp-web-2021/wp-content/uploads/2022/12/Newsflash-Feriados-2023-en-CR_FB-IG-LNK-ENG-1024×1024.png At BLP we have a team that can assist you with the process. For more information contact us at [email protected] or through WhatsApp o Telegram at +506 6280 2269.
Category Archives: Costa Rica
14
Dec
Dec
Our team specialist in Tax law shares the primary tax obligations for the 2023 fiscal year in Costa Rica. D-101 Income Tax Declaration Due within 2 months and 15 days after the closing of the company fiscal period. Taxpayers as defined in article two of Law No. 7092- Income Tax Law. Partial Payments of Income…
Analysis, Blog, Costa Rica
New Law for the Cultivation and Commercialization of Cannabis and Hemp in Costa Rica
13
Dec
Dec
https://blplegal.com/blp-web-2021/wp-content/uploads/2022/12/Articulo-Nueva-ley-para-el-consumo-del-cannabis.png Giancarlo Andreoli Senior Associate Costa Rica [email protected] In Costa Rica, recently, Law number 10.113 called “Cannabis Law for Medicinal and Therapeutic Use and Hemp for Food and Industrial Use” was approved, establishing six months to regulate said Law by the Executive Branch, which has executed those regulations as published in the official newspaper La…
Banking & Finance, Blog, Costa Rica, Guatemala, News
BLP has advised EVERTEC, Inc. and its subsidiaries on refinancing credit facilities
12
Dec
Dec
BLP has advised EVERTEC, Inc. (EVERTEC, or the Company) in Costa Rica and Guatemala on the refinancing of its existing credit facilities; the new credit lines consist of $200 million of extended revolving credit and a $415 million term loan A, both maturing on December 1, 2027. The new term loan and a $50 million…
25
Nov
Nov
On December 1, Costa Rica marks the Abolition of the National Army. However, law 9875 requires that from 2020 to 2024, holidays transfer to Mondays to promote internal visits and tourism. This year the holiday is celebrated on December 5. This date is a non-compulsory pay holiday. An employer with a weekly payment method (non-commercial…
11
Nov
Nov
As of January 2023, contribution to the Disability, Old Age and Death regime (IVM – for its acronym in Spanish) will increase with the aid of three contributors, according to the agreement of the Board of Directors, session 9038 of June 20, 2019. With this increase, the employer, the employee, and the State will make…
28
Oct
Oct
For the ninth time (eighth consecutively), BLP has attained the Costa Rica Law Firm of the Year award, presented at the Emmanuel Luxury Venue in Miami, Florida, on October 28. The Chambers Awards recognize the eminence of law firms in regional jurisdictions. “Since its inception, BLP has stood out for strategically supporting its clients so…
27
Oct
Oct
On October 24, 2022, the National Salaries Council (CNS – in its Spanish acronym) agreed to increase minimum wages in the private sector. This accord will take effect on January 1, 2023, when an increase of 6.62% for all salary categories goes into effect. Additionally, the following increases will also apply to the minimum wages…
Blog, Costa Rica, Global Mobility & Relocation, News
Deputies of the Legislative Assembly define 16 behaviors as workplace harassment.
14
Oct
Oct
Deputies of the Legislative Assembly define 16 behaviors as workplace harassment. The bill named “Law to prevent and punish Labor Harassment in the public and private sector” pending before the Legislative Assembly since 2018, under file number 20,873, to identify, prevent, punish, prohibit and eradicate workplace harassment, was passed on October 5. The initiative includes…
Blog, Costa Rica, Global Mobility & Relocation, News
Immigration: About the documentation process for foreigners in Costa Rica
13
Oct
Oct
All foreigners, whose MIGRATION CATEGORY IS APPROVED AND NOTIFIED AFTER OCTOBER 01, 2022, can request their appointment for the documentation process, however, the appointment will be granted as of January 2023. Important aspects: The appointment must be requested within 90 days after the notification of approval. The approval resolutions together with the appointment vouchers will…