To preserve marine biodiversity and meet global conservation goals, the Costa Rica Forever Association has established the Blue Fund, an innovative financial trust, that marks a turning point in the protection of Costa Rica’s marine ecosystems. This project is supported by BLP’s legal advisory, which played a key role in the development and structuring of…
Category Archives: Costa Rica
Blog, Business Law, Costa Rica, News
Important Changes for Companies and Contract Signing in Costa Rica
18
Dec
Dec
Companies must have an email address for notifications and stamp tax for contracts is no longer required. Law 10597: Mandatory Electronic Notifications for Companies Published in Supplement 195 of La Gaceta on December 3, this reform changes the way a commercial company receives notifications: New company: New company bylaws must include a valid email address…
Analysis, Blog, Costa Rica, Free Trade Zones
The importance of advancing toward a paperless cross-border trade in Costa Rica
11
Dec
Dec
Author https://blplegal.com/wp-content/uploads/2024/12/Articulo-Comercio-sin-papeles_FOTO.png Jocelyn Vargas Customs Consultant Costa Rica E-mail Costa Rica has made significant strides in pursuing a paperless cross-border e-commerce system driven by market demands and its inherent benefits. The paperless cross-border trade initiative established under the framework of the World Trade Organization’s (WTO) Trade Facilitation Agreement aims, among other objectives, to digitalize the…
Blog, Costa Rica, Free Trade Zones, News, Sanitary Registration of Products
New Regulation Streamlines the Entry of Raw Materials for Free Trade Zones into Costa Rica
02
Dec
Dec
The Ministry of Foreign Trade and the Ministry of Health have issued regulations under Decree No. 44696-S-COMEX, allowing the admission of products of sanitary interest or their raw materials into the free trade zone and active improvement regimes without requiring sanitary registration or authorization notification, considering the following: The products of sanitary interest or their…
Banking & Finance, Blog, Costa Rica, News
BLP advised IFC on a $20 Million Investment in Grupo Farmanova Intermed (GFI)
28
Nov
Nov
BLP advised the International Finance Corporation (IFC), a member of the World Bank Group, on an investment of up to USD 20 million in Grupo Farmanova Intermed (GFI), a regional leader in marketing, sales, distribution, and logistics. This investment aims to expand access to high-quality, effective, safe medicines in Central America and the Caribbean. The…
At BLP, Blog, Costa Rica, El Salvador, Environmental, Social and Governance (ESG), Guatemala, Honduras, News, Nicaragua
BLP is honored as Pro Bono Leading Light 2024 by Latin Lawyer
21
Nov
Nov
We are excited to announce that BLP has once again been recognized in Latin Lawyer’s prestigious Leading Lights 2024 list, underscoring our steadfast commitment to fostering a robust pro bono culture across Central America. Latin Lawyer acknowledges law firms that have made significant strides in advancing pro bono initiatives, and BLP is proud to be…
21
Nov
Nov
Law No. 10600, “Fiscal Treatment of Infrastructure Trusts,” was published in La Gaceta #218, which amends articles 3 and 28 of the Income Tax Law, No. 7092. The Law establishes that infrastructure trusts will not be subject to Income or Capital Income Tax. This modification took effect on November 20, 2024. For more information, contact…
Blog, Costa Rica, News, Tax
Technical provisions for electronic invoices for tax purposes in Costa Rica
20
Nov
Nov
Through Resolution MH-DGT-RES-0027-2024, published in La Gaceta No. 217, Supplement 186, on November 19, 2024, the General Directorate of Taxation established the formats and technical specifications for implementing version 4.4 of the Annexes and Structures for the Issuance of Electronic Invoices. The timeframe for implementing and operating the cited version 4.4 is six months from…
19
Nov
Nov
The new regulation on electronic invoices was published in La Gaceta, issue number 210, on November 8, 2024. This regulation introduces some changes related to electronic invoices. Some of these changes include: The issuance of an electronic purchase invoice, which will support the acquisition of goods and services by a taxpayer from a non-resident, an…
Analysis, Blog, Costa Rica, Environmental, Social and Governance (ESG)
Costa Rica: A Strategic Destination for Green Hydrogen Development
18
Nov
Nov
Authors https://blplegal.com/wp-content/uploads/2024/11/Articulo-Hidrogeno-Verde_FOTO.png Luis Palacios Director Costa Rica E-mail https://blplegal.com/wp-content/uploads/2024/11/Articulo-Hidrogeno-Verde2_Simon-Sauve.png Simon Sauvé Director Costa Rica E-mail Amid the global energy transition, green hydrogen emerges as a key alternative for achieving decarbonization. With abundant renewable energy, ample water availability, and a legal framework that encourages foreign investment, Costa Rica has significant potential to attract investment and become…