https://blplegal.com/blp-web-2021/wp-content/uploads/2023/04/Articulo-sistemas-de-desalinizacion_FOTO-.png Luis Palacios Director Costa Rica [email protected] Water scarcity is a global challenge: one of the countries with the highest water availability per person, Costa Rica, does not escape this challenge and seeks to increase water availability through desalination–converting seawater into drinking water; however, this process requires expensive technologies and approval of a series of…
Category Archives: Costa Rica
21
Apr
Apr
On March 29, through Gazette number 58, scope number 55, resolution MH-DGT-RES-0007-2023 was published by which the General Directorate of Taxation ratified the obligation to file the declaration of inactive legal entities through form D195, which will be available as of April 24, 2023, on the Virtual Tax Administration (“ATV”) platform. Consequently, May 31, 2023, was…
18
Apr
Apr
BLP is proud to announce the promotion of Alejandro Rojas to Partner. Rojas, who previously served as Special Counsel of our firm in San José, Costa Rica is an accomplished legal professional with over 25 years of experience in criminal law. Rojas has ample expertise in the field of criminal law, having served as the…
Banking & Finance, Blog, Costa Rica, Environmental, Social and Governance (ESG), News
BLP advised on the issuance of $1.5 billion in Eurobonds by the Republic of Costa Rica
12
Apr
Apr
On March 27, the Republic of Costa Rica issued bonds in foreign currency for $1.5 billion with a yield of 6.55%, averaging a maturity in 2034. BLP served as a local counsel to Santander US Capital Markets LLC and J.P. Morgan Securities LLC, who acted as initial purchasers and joint administrators in this transaction. Official…
Blog, Costa Rica, El Salvador, Guatemala, Honduras, Labor & Employment, News, Nicaragua
Holy week holidays in Central America – 2023
30
Mar
Mar
During the week of April 2 to April 9, Central America celebrates Holy Week, which entails the enjoyment of holidays regulated by each country as follows: Guatemala: The holidays, which begin at noon on Wednesday, April 5, and continue until the end of Saturday, April 8, are mandatory payment days when an employer must pay…
27
Mar
Mar
On Tuesday, April 11, we celebrate 167 years since the hero Juan Santamaría burned the “Mesón de Guerra,” an act that enabled Costa Rican forces to defeat the North American filibusters at the Battle of Rivas; and, given its relevance to the country, established the date as a mandatory payment holiday. Under Law No. 9875,…
Blog, Costa Rica, News, Tax
Regulation of Law for the Attraction of Investors, Rentiers and Pensioners to Costa Rica: Golden Visa
01
Mar
Mar
Costa Rica is an ideal country to visit, retire to, and invest in, thanks to its excellent reputation for environmental protection, globally recognized ecotourism schemes, political and social stability, legal security, and health system. Under Executive Decree 43926-MGP-H-TUR, the regulations to the LAW FOR THE ATTRACTION OF INVESTORS, RENTHOLDERS AND PENSIONERS went into effect on…
Blog, Costa Rica, Environment, Health & Safety, News
New Law lays the foundation to promote Health Tourism in Costa Rica
27
Feb
Feb
Costa Rica has positioned itself as a leading country in medical tourism, having received more than $437 million a year for this activity. With the recent Law for the Promotion and Development of Health Tourism Services in Costa Rica, the country now has a regulatory basis to enhance the development of such foreign visits. The…
24
Feb
Feb
On February 23, 2023, Resolution MH-DGT-RES-0001-2023 modifying subparagraph e) of article 1 of Resolution DGT-R-36-2001, Reform of exempt operations related to exports established in article 11 of the Regulation of the Value Added Tax Law, was published. Consequently, effective as of February 23, 2023, for the transport services of goods destined for export to enjoy…
At BLP, Blog, Business Law, Costa Rica, El Salvador, Guatemala, Honduras
Avianca is LatinFinance’s Deal of the Year recipient for whom BLP advised restructuring more than $1 billion in debt
06
Feb
Feb
LatinFinance announced the winners of its annual Deal of the Year awards, for which our client Avianca’s transaction was recognized with the Corporate Restructuring award, restructuring more than $1 billion in debt. Through its offices in Guatemala, El Salvador, Honduras, and Costa Rica, BLP advised Latin American airline Avianca during its restructuring process. Colombian airline,…