The first 90 days of establishing Costa Rica operations are the most complex. This guide walks you through the critical path — legal entity, banking, physical space, and first hires — in the order that minimizes delays and surprises.
Step 1: Engage a Local Law Firm
Before anything else, retain a Costa Rican law firm experienced in foreign investment. They will handle entity formation, draft employment contracts, advise on FTZ eligibility, and navigate CINDE — typically for $3,000–$8,000 in initial fees.
Step 2: Choose Your Legal Structure
The SA (Sociedad Anónima) is the most common structure for foreign companies — it offers limited liability, flexible share structure, and familiarity to local partners. The SRL is simpler and lower cost for smaller operations. A branch office is an option but creates direct parent company liability.
Step 3: Register with CCSS and Tax Authority
Once your entity is formed at the National Registry (RNPRC), you must register with the CCSS (social security) and Ministerio de Hacienda (tax authority) before hiring your first employee. Your law firm handles this as part of the engagement.
Step 4: Open a Corporate Bank Account
Opening a corporate bank account in Costa Rica requires your company’s legal documentation, personal identification for directors, and proof of address. Banks include BAC San José, Banco Nacional, Scotiabank, and Citibank. Timelines vary from 2–8 weeks.
Step 5: Secure Office or Industrial Space
Options range from serviced offices (available within days) to dedicated floors in Class A buildings (available in weeks) to build-to-suit industrial space in FTZ parks (3–6 months). Most companies start in serviced offices while longer-term space is arranged.
Step 6: Begin Recruiting
Costa Rica has multiple specialized recruitment firms for tech, manufacturing, and BPO. LinkedIn and indeed.co.cr are active; CAMTIC and CINDE can refer vetted HR firms for senior searches. Budget 8–15% of first-year salary for recruitment fees.