Chapter Costa Rica
Chapter Costa Rica
Our practice is built on two pillars: corporate confidentiality and tax efficiency. All our offshore tax advisory services are provided strictly within the bounds of the law.
Corporate confidentiality is one of the greatest assets any business can have.
Protecting sensitive and proprietary information within your company—ensuring that certain information remains confidential and is not disclosed to unauthorized individuals or entities—should be a mandatory practice for you.
Some offshore jurisdictions offer strong financial privacy laws, which can be especially valuable for high-net-worth individuals or for anyone concerned about their privacy.
If you have investments in Costa Rica, it is important to know that since 2021 our country has been a member of the Organisation for Economic Co-operation and Development (OECD). As such, Costa Rica must comply with certain reporting obligations required by this entity, which affects the level of privacy and confidentiality available.
Tax efficiency should be a core business principle—second only to profit.
Costa Rica is a high-tax and highly complex jurisdiction from a tax perspective. Offshore jurisdictions, on the other hand, often offer favorable tax regimes that help investors reduce their tax liabilities. By properly understanding and structuring your investments, you can legally minimize your tax burden.
For that reason, going offshore becomes essential.
We understand that navigating offshore taxation and international financial activities can be challenging and require specialized knowledge. With more than twenty years of experience and a dedicated team of tax professionals, we are committed to providing the highest level of service to ensure that your offshore tax matters are handled efficiently and effectively.
In this context, we present a comprehensive offshore tax services proposal tailored to your specific financial needs and objectives.
Offshore and Costa Rican Tax Planning
We work closely with our clients to structure their international financial affairs in a tax-efficient manner. This may include establishing offshore companies, trusts, or other legal entities to reduce tax liabilities, take advantage of tax incentives, or optimize their overall tax strategy.
Incorporation of Companies and Private Interest Foundations
We specialize in the incorporation of offshore and Costa Rican companies, offshore private interest foundations, ship registration, and Maritime Law services.
Opening of Bank Accounts
We provide guidance on the opening of offshore and Costa Rican bank accounts, investment opportunities, and other financial services available in multiple jurisdictions.
Tax Filing Compliance
Our team ensures compliance with the tax laws and reporting requirements of our clients’ home country, Costa Rica, and the offshore jurisdictions where they hold financial interests. This includes preparing and filing all required tax returns and documentation. Non-compliance can result in legal and financial consequences.
Asset Protection
We offer strategies to safeguard your offshore assets while maintaining full compliance with international laws and regulations. These structures provide an additional layer of protection, making it more difficult for creditors or claimants to seize assets.
Tax Accounting
We prepare accurate and timely financial statements—such as income statements, balance sheets, and cash flow statements—to give you clear insight into your financial performance. We also maintain organized and up-to-date financial records to support informed decision-making.
Payroll Services
We manage payroll processing to ensure that employees are paid accurately and on time, in full compliance with relevant tax regulations.
Financial Analysis and Advisory
Our team provides meaningful financial analysis to identify opportunities for growth and cost savings. We also offer proactive financial guidance to help you achieve your objectives.
Audit and Assurance Services
In the event of an audit or inquiry by tax authorities, we will represent and assist you throughout the process to minimize disruptions to your financial affairs. We can also conduct audits and provide assurance services to verify the accuracy and reliability of your financial information.
Customized Solutions
We understand that every client is unique. We work closely with you to tailor our services to your specific financial challenges and goals.
We are committed to helping you achieve your financial goals while ensuring full compliance with all applicable laws and regulations. If you have any questions or would like to move forward, please do not hesitate to contact us at info@otacr.com
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