Category Archives: Costa Rica

Newsflash: Key Labor Law Considerations in the Context of Costa Rica’s 2026 Presidential Elections

On Sunday, February 1, 2026, Costa Rica will hold its Presidential Elections, a civic event that reinforces the country’s longstanding commitment to democracy, citizen participation, and institutional strength, reflecting the values of peace, respect, and the strengthening of the Rule of Law that characterize the Costa Rican nation. In connection with this electoral process, it…

Costa Rica and the New Global Migration of Wealth

Global Wealth Migration and Costa Rica’s Strategic Opportunity The world is undergoing a profound transformation: never before have so many high-net-worth individuals (HNWIs) chosen to live outside their countries of origin. It is no longer just corporate executives relocated by their employers, but entrepreneurs, investors, mobile professionals, and multinational families who decide where to live…

BLP Advises Signature Aviation on the Development of a New Executive Aviation Terminal in Guanacaste

BLP advised Signature Aviation, the world’s leading network of private aviation terminals, on its participation in the process for the design, construction, and operation of a new general and business aviation terminal at Daniel Oduber Quirós International Airport (Guanacaste Airport) in Liberia, Costa Rica. The firm’s advisory role included the preparation and submission of the…

BLP advises ResponsAbility AG on US$10 million financing to CoopeAnde

BLP advised ResponsAbility AG on a US$10 million credit facility granted to CoopeAnde for the expansion of its SME loan portfolio. BLP advised ResponsAbility AG, a global impact asset manager, in connection with a direct loan in the amount of US$10 million granted to CoopeAnde, aimed at supporting the growth of its small and medium-sized…

Labor Holiday Calendar 2026: A Key Regional Planning Resource

Effective management of labor holidays is essential to ensure operational continuity and regulatory compliance, particularly for organizations operating across multiple Central American jurisdictions. With this in mind, the Labor & Employment team at BLP presents the 2026 Labor Holiday Calendar, a comprehensive resource that consolidates the official holidays of Costa Rica, Guatemala, El Salvador, Honduras,…

BLP Supports a Strategic €1,000 Billion GDN Issuance in Costa Rica

BLP advised Banco Santander S.A. and The Bank of New York Mellon on the issuance of Global Depository Notes (GDNs) in the international capital markets. The issuance was carried out under Rule 144A and Regulation S. The GDN issuance was secured with domestic debt bonds issued by the Government of Costa Rica on November 21,…

Newsflash: Luxury houses tax (solidary tax)

This tax, known as ISO, is a levy imposed on residential properties whose construction value and fixed installations exceed ₡143,000,000 (approximately US$286,000). The tax return must be filed every three years through the Tax Administration’s electronic system. If you filed the return in 2025, you will only be required to make the payment. However, if…

Newsflash: New Income Tax Brackets for Fiscal Year 2026

On December 5, 2025, Executive Decree No. 45333-H was published, updating the brackets that will apply to income tax during fiscal year 2026, as detailed below: Salary Tax Tax Brackets Tax Percentage a) Up to ₡918,000 0% b) Over ₡918,000 and up to ₡1,347,000 10% c) Over ₡1,347,000 and up to ₡2,364,000 15% d) Over…

BLP advises IDB Invest on a US$20 million regional electric mobility financing for the Kaufmann Group

BLP advised IDB Invest as lead counsel in connection with a US$20 million senior secured, uncommitted revolving import finance facility granted to subsidiaries of the Kaufmann Group in Costa Rica and Peru to support the introduction and scaling of electric vehicles, plug-in hybrid vehicles, charging infrastructure, and related equipment in both jurisdictions. The facility, structured…

Newsflash: Regulatory Updates – November 2025

Executive Decree No. 45224-S establishes the procedure for simplified sanitary registration by notification and third-party import authorization for low-risk processed foods and cosmetics, streamlining their commercialization in the country. It also regulates the recognition of registrations, control, and monitoring through the digital platform REGÍSTRELO. The simplified registration applies only to foods listed in Annex I…