On August 15, Costa Rica will celebrate Mother’s Day, a holiday of mandatory payment according to article 148 of the Labor Code: An employer must pay for the holiday as a single day, even if an employee does not work the day. An employer who requires an employee to work the day must pay double…
Category Archives: Costa Rica
At BLP, Banking & Finance, Blog, Costa Rica, Real Estate & Hospitality
BLP advises on the financing of Marina Flamingo in Costa Rica
26
Jul
Jul
BLP has advised both Banco BCT and Marina Flamingo Development Group on granting a syndicated loan for the development of Marina Flamingo, located in the province of Guanacaste, Costa Rica. The loan in tranches is intended for constructive financing of the project’s first stage, soon to start operations. Separate BLP teams advised on the structuring…
26
Jul
Jul
Article 148 of the Costa Rican Labor Code declares August 2, the Day of the Virgin of Los Angeles, as a non-obligatory payment holiday. An employer with a weekly payment method (non-commercial activity) who only pays for a day worked may give the employee the day off to enjoy the holiday; however, the employer does…
Blog, Costa Rica, News, Sanitary Registration of Products
Simplification of procedures for sanitary registration of food and cosmetics in Costa Rica
15
Jul
Jul
On July 13, 2022, the reform to executive decree 43291-S that facilitates the sanitary registration of low-risk food and cosmetic products was published in the official newspaper La Gaceta. The reform simplifies the registration of such products to enable immediate approval. Annex 1 of said reform includes an expanded list of cosmetic products, such as…
At BLP, Blog, Business Law, Costa Rica
BLP advises Aptean on the acquisition of RLM Apparel Software Systems
14
Jul
Jul
BLP has advised Aptean, a global provider of business software solutions, on the acquisition of certain assets of the Costa Rican company JD Soft de Costa Rica S.A., as part of the acquisition process of its US affiliate company RLM Apparel Software Systems (RLM). RLM is a provider of cloud-based business software solutions designed specifically…
Blog, Costa Rica, Labor & Employment, News
July 25th Holiday in Costa Rica: Day of the annexation of Guanacaste
11
Jul
Jul
On July 25th, 1824, the people of the Party of Nicoya, a territory known today as Guanacaste, decided to join the Province of Costa Rica. Given the relevance of this historical event, this date was established as a mandatory pay holiday. Therefore, for employers who have a weekly payment modality (non-commercial activity), in which only…
Blog, Costa Rica, Global Mobility & Relocation, News
Costa Rica approves the regulation of digital nomad activity in the country
11
Jul
Jul
The Government of Costa Rica published the Regulation to the Law to attract Workers and Remote Service Providers of International Character, better known as Digital Nomads, which seeks to regulate the activity of those foreign persons who are authorized to enter and stay in the country under the migratory category of Non-Resident, Subcategory of Stay,…
06
Jul
Jul
BLP is pleased to announce the incorporation of Rodrigo Cubero, renowned lawyer and economist, as Senior Counsel. Rodrigo has a PhD in Economics from the University of Oxford, as well as degrees in law and business. He was President of the Central Bank of Costa Rica (BCCR) during the period 2018-2022. He served in senior…
Analysis, Blog, Costa Rica, Sanitary Registration of Products
Frequently asked questions about the Sanitary Registration of Products in Costa Rica
29
Jun
Jun
BLP´s Sanitary Registration of Products practice group compiles the FAQ for marketing products locally and the permits required. The skill and experience of our lawyers and technical experts are without rival in Central America. By combining proven procedures with innovative initiatives, we provide the best regional service in Regulatory Law. The following guide applies to…
Blog, Costa Rica, International Trade, News
The Reform to the General Customs Law in Costa Rica is published
29
Jun
Jun
On Wednesday, June 29, 2022, Bill No. 22 364, reforming the General Customs Law No. 7557, was published in Scope No. 132 of La Gaceta No. 121, entering this reform into law as of June 29, 2022, the date of its publication. Logistics operators must understand the changes that the reform introduces to avoid non-compliance…