Uri Weinstok Partner Costa Rica [email protected] High prices commonly lead to an attempt to control them through regulation. This remedy, while tempting, is rarely a suitable solution. Rather, price controls tend to aggravate problems before they fix them. Paradoxically, even in the face of abundant evidence and repeated examples of failure, some consumers feel protected…
Category Archives: Costa Rica
21
Feb
Feb
According to guidelines issued by the Immigration Office, as well as the provisions of the Regulation for the Granting of Entry Visas to Costa Rica (Executive Decree No. 36626-G): As of February 21, 2022, Costa Rica will require Venezuelan nationals to present an entry visa. Venezuelans must now process a consulted visa before the consulates…
18
Feb
Feb
On January 25th of this year, the Law to Promote Employment Opportunities for People Over 45 Years of Age became effective, which establishes benefits for taxpayers who hire people over that age. They will be able to reduce 5% or 10% of their income tax, depending on whether they hire 10% or 20% of people…
15
Feb
Feb
https://www.blplegal.com/blp-web-2021/wp-content/uploads/2022/02/events-Luis-Palacios.png Luis PalaciosAssociate Costa [email protected] What outdoor activities are allowed under the new Law? The new Law allows municipalities to issue licenses to sell food and beverages (including alcoholic beverages) in public spaces administered by municipalities, such as: Sidewalks. Parks. Squares. Municipal streets and roads. Other public places defined by the respective municipality. The authorization…
Analysis, Blog, Business Law, Costa Rica, Regulatory Compliance, Prevention and Risk Management
Corporate obligations guide Central America 2022
31
Jan
Jan
Learn about the annual obligations that apply to your companies in each Central American countries. At BLP we can help you to ensure compliance in each country. Download each of the dates in the electronic calendar of your preference. Do not miss any of these dates and avoid fines and penalties. Corporate Obligations Guide 2022…
Analysis, Blog, Business Law, Costa Rica, Regulatory Compliance, Prevention and Risk Management
Company obligations guide 2022
27
Jan
Jan
Learn about your annual compliance obligations in Costa Rica. Applies to all companies registered in Costa Rica, whether active or inactive. Due date for filing and payment: January 31st 2022. Last day for receiving funds at BLP: January 25, 2022. The annual amount to be paid by companies depends on the gross income declared in…
Blog, Costa Rica, Labor & Employment, News
Permission to exercise the right to vote in Presidential Elections without salary reduction
24
Jan
Jan
On February 6, 2022, the Presidential Election will be held. Any employee who must work that day may go to the polls to exercise the right to vote. Our Labor Code sets forth the obligation of an employer to grant employees the time necessary to appear before their electoral domicile and cast a vote without…
At BLP, Blog, Costa Rica, El Salvador
BLP advises Cementos Progreso Holdings, S.L on the acquisition of CEMEX in Costa Rica and El Salvador
18
Jan
Jan
BLP has advised Cementos Progreso Holdings, S.L. on the $335 million acquisition of assets from Cemex, S.A.B of C.V. in Costa Rica and El Salvador. Our international teams performed due diligence and provided local legal advice on the signing of an agreement by Cementos Progreso Holdings S.L. (“Cementos Progreso”) to acquire the Costa Rican and…
At BLP, Banking & Finance, Blog, Costa Rica, El Salvador
BLP has advised IDB Invest on a US$23 million loan to Grupo Desarrollador de Parques Industriales S.A in Costa Rica
14
Jan
Jan
BLP has advised IDB Invest on its combined long-term and medium-term loan of up to US$23 million to Grupo Desarrollador de Parques Industriales S.A to develop the Green Park Industrial Park in the Coyol area on the outskirts of Alajuela. The financing will be used for the construction of several industrial buildings within the Green…
12
Aug
Aug
Digital nomads can now establish their “offices” at Costa Rica’s beaches, in the mountains, near volcanoes, or within a variety of ecosystems. The country recently signed a pioneering law of a singular kind to attract workers and remote service providers on an international scale. With these new regulations, Costa Rica has instituted an ideal legal…