Category Archives: Costa Rica

Corporate obligations guide Central America 2022

Learn about the annual obligations that apply to your companies in each Central American countries. At BLP we can help you to ensure compliance in each country. Download each of the dates in the electronic calendar of your preference. Do not miss any of these dates and avoid fines and penalties. Corporate Obligations Guide 2022…

Company obligations guide 2022

Learn about your annual compliance obligations in Costa Rica. Applies to all companies registered in Costa Rica, whether active or inactive. Due date for filing and payment: January 31st 2022. Last day for receiving funds at BLP: January 25, 2022.  The annual amount to be paid by companies depends on the gross income declared in…

Permission to exercise the right to vote in Presidential Elections without salary reduction

On February 6, 2022, the Presidential Election will be held. Any employee who must work that day may go to the polls to exercise the right to vote. Our Labor Code sets forth the obligation of an employer to grant employees the time necessary to appear before their electoral domicile and cast a vote without…

BLP advises Cementos Progreso Holdings, S.L on the acquisition of CEMEX in Costa Rica and El Salvador

BLP has advised Cementos Progreso Holdings, S.L. on the $335 million acquisition of assets from Cemex, S.A.B of C.V. in Costa Rica and El Salvador. Our international teams performed due diligence and provided local legal advice on the signing of an agreement by Cementos Progreso Holdings S.L. (“Cementos Progreso”) to acquire the Costa Rican and…

BLP has advised IDB Invest on a US$23 million loan to Grupo Desarrollador de Parques Industriales S.A in Costa Rica

BLP has advised IDB Invest on its combined long-term and medium-term loan of up to US$23 million to Grupo Desarrollador de Parques Industriales S.A to develop the Green Park Industrial Park in the Coyol area on the outskirts of Alajuela. The financing will be used for the construction of several industrial buildings within the Green…

Costa Rica opens its doors to digital nomads

Digital nomads can now establish their “offices” at Costa Rica’s beaches, in the mountains, near volcanoes, or within a variety of ecosystems. The country recently signed a pioneering law of a singular kind to attract workers and remote service providers on an international scale. With these new regulations, Costa Rica has instituted an ideal legal…