As part of the natural process of evolution of any real estate project, opportunities for diversification, structuring, and offering new real estate products arise over time. In Costa Rica, tourist marinas have been a clear example of how the natural conditions of a country, in our case, the coasts, can assertively enable the commercial and…
Category Archives: Costa Rica
24
Jan
Jan
On January 24, 2024, MH-DGH-RES 0002-2024 was published, updating the requirements for exemption from the real estate tax, as follows: The property must be unique, i.e., that only a natural person has registered such property in the Real Estate Registry. That the value of the property registered with the Municipality does not exceed ¢20,799,000 (the…
Analysis, Blog, Costa Rica, El Salvador, Guatemala, Honduras, Labor & Employment, Nicaragua
Central American Holidays 2024 guide is now available
10
Jan
Jan
At BLP, we understand the importance of efficient planning for Human Resources managers. That is why we present to you our valuable guide to work holidays designed specifically for each country in Central America. With our guide, you will gain access to detailed information on holidays in the region, giving you a clear view of…
22
Dec
Dec
On December 8, 2023, Executive Decree No. 44276-H was published, whereby the income tax brackets that will apply during the 2024 tax period were updated, as detailed below: Salary tax Gross Salary From To Rate $ 0.00 ₡929.000,00 ($ 1,764.00 Aprox.) 0% ₡929.000,00 ($ 1,764.00 Approx.) ₡1.363.000,00 ($ 2,588.00 Aprox.) 10% ₡1.363.000,00 ($ 2,588.00 Approx.)…
20
Dec
Dec
https://blplegal.com/blp-web-2021/wp-content/uploads/2023/12/Newflash-Asuetos-2024-Costa-Rica_FB-TW-LK-IG-WT-ENG-1.jpg
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…