On March 21, 2020, the Government issued the executive Decree No. 12 (“the Decree”), whereby it has established several measures to contain the COVID-19 pandemic. Some of its most important aspects include: Purpose: the purpose of the Directive is to impose a national household quarantine and to limit commercial activities for 30 days. The Directive…
Tag Archives: Costa Rica
By circular DGA-006-2020 of March 19, 2020, the General Directorate of Customs authorized Free Trade Zone companies to take the following measures while the National Emergency Decree remains in force. Transfer of computer equipment and furniture Transfer the necessary and indispensable computer equipment and furniture, so that the employees can carry out the functions authorized…
The Government of Costa Rica, today 23rd of March 2020, announced stronger sanitary measures to reduce the spread of COVID-19 in the country. In this sense, the following was expanded in terms of immigration measures: As of March 24, 2020, any foreign person who is a Resident or with any approved regular status in the…
1. Central Bank – Monetary Policy Measures – The Boards of Directors of the Central Bank of Costa Rica has approved the following measures: A reduction of the Monetary Policy Rate (“TPM” for its acronym in Spanish) by 100 basis points, to 1,25% annually, applicable as of March 17, 2020; A reduction of the interest…
The new Law of the Republic determines a moratorium on the payment of VAT, income tax advance payments, excise tax and import duties, during the months of April, May and June 2020. Upon the completion of the moratorium, taxpayers must pay the Ministry of Treasury the total amount due for taxes that should have been…
The government of Costa Rica, as a precautionary sanitary measure against the spread of COVID-19, has issued a new country wide mandatory order to close access to all Costa Rican beaches. Although several Municipalities had issued this measure in the last days, this is now mandatory for all the country. Non-compliance with these provisions shall…
Faced with the pandemic of the COVID-19 virus, many companies will inevitably have cases of employees and/or clients affected by the virus. Some of these cases may be detected with appropriate measures to react effectively and prevent further harm. These preventive measures necessarily involve obtaining and managing personal information from potential affected persons. For this,…
Given the accelerated global impact that the proliferation of the COVID-19 virus has generated, the need has arisen for organizations and work centers to implement preventive measures, where clear action protocols are established. On Thursday March 12, BLP held the webinar “Consejos legales para enfrentar al Coronavirus”, to share the fundamental aspects that your company must take…
On August 29, the Law for the Strengthening of the Competition Authorities was adopted in its second and final voting session. This Law aims to strengthen and improve the implementation of competition laws and policies by the Commission to Promote Competition (Coprocom) and the Superintendency of Telecommunications (SUTEL). This is a very comprehensive reform, comprising virtually all…
The Foreign Trade Corporation of Costa Rica (PROCOMER) presented the report named Balance of the Free Trade Zones: Net Benefit of the Regime for Costa Rica 2014-2018, which analyzes and exposes what the Free Trade Regime represented for the country in 2018, in economic and social terms. Furthermore, it is important to supplement this study with certain data…