LOWTAX.NET
CONTACT | RECRUITMENT | ABOUT | LEGAL | LINKS     
   NETWORK SITES:
   LOWTAX   
   TAX-NEWS   
  PBTG  
   

Jurisdiction Home Pages

Andorra
Anguilla
Aruba
Australia
Austria
Bahamas
Barbados
Belgium
Belize
Bermuda
Botswana
British Virgin Islands
Brunei
Bulgaria
Canada
Cayman Islands
Cook Islands
Costa Rica
Cyprus
Czech Rep
Denmark
Dubai
Estonia
France
Germany
Gibraltar
Greece
Grenada
Guernsey
Hong Kong
Hungary
Ireland
Isle of Man
Jersey
Labuan
Latvia
Liberia

Liechtenstein
Lithuania
Luxembourg
Madeira
Malaysia
Malta
Marshall Islands
Mauritius
Monaco
The Netherlands
The Netherlands Antilles
Nevis
New Zealand
Panama
Poland
Portugal
Qatar
Romania
Russia
Seychelles
Singapore
Slovakia
Slovenia
South Africa
Spain
St. Kitts
St. Vincent and the Grenadines
Switzerland
Turks & Caicos Islands
USA
UK
Vanuatu

Newsletter

To receive monthly updates on new features in lowtax.net and tax-news.com just enter your e-mail address below:

Daily Tax Quote

New On The Lowtax Network Today

This feed is published daily with selected new or updated content from across the Lowtax Network. For a list of Lowtax Network sites, many of which feature daily news, see below.

 
TODAY 16/03: Hungary Summary PBTG Guide, added to Personal Business Tax Guide
15/03 Lowtax South Africa, major content expansion
12/03 Lowtax Costa Rica, annual update
11/03 Estonia Summary PBTG Guide, added to Personal Business Tax Guide
10/03 Lowtax Labuan, annual update
09/03 Word Search Puzzle, on Lowtax
08/03 Jobs For All, Jeremy Hetherington-Gore blog
05/03 Belgium Summary PBTG Guide, added to Personal Business Tax Guide
04/03 New Lowtax Editor Column, by Kitty Miv
03/03 Personal Business Tax Guide, PBTG, has launched!
Providing essential tax news and information for globally mobile artists, contractors, entrepreneurs, professionals, small businesses, sportspersons and entertainers.
02/03 Personal Equity Investment In 2010: Not Just For Expats…, Investors Offshore special feature
24/02 Lowtax Cyprus, annual update
22/02 Lowtax Brunei, annual update
17/02 Dubai - A Stately Business Dome Decreed, Investors Offshore special feature
15/02 Lowtax Australia, major content expansion
27/01 Lowtax Germany, major content expansion
 

 
Lowtax Network Sites
Lowtax Portal: 'Low-tax' business and investment in the top 50 jurisdictions covered in exceptional detail.
Tax News: Global tax news, continuously updated through the day.
Investors Offshore: The independent offshore and alternative investment guide for expatriates and the globally aware investor.
Law & Tax News: Daily news and background data on tax and legal developments for international business.
Offshore-e-com: A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library: One of the web's largest and most authoritative business and investment information sources.
US Tax Network: The resource for free online US taxation information, covering: corporate tax, individual tax, international tax, expatriates, sales and e-commerce tax, investment tax.
NEW! Personal Business Tax Guide: Providing essential tax news and information on business for contractors, entrepreneurs, professionals, small businesses, artists, sportspersons and entertainers.
 
>
LOWTAX OFFSHORE

COSTA RICA: EXECUTIVE SUMMARY


<

BACK TO COSTA RICA INFORMATION: BUSINESS, TAXATION AND OFFSHORE


Costa Rica Executive Summary

San José, the capital of Costa Rica, with around 1m inhabitants, has its own silicon valley to rival the more famous one in California.

Costa Rica is between Panama and Nicaragua. With 51,000 sq km, more than 4 million people, no army, volcanic mountain ranges and a sub-tropical climate, the country's beaches and beautiful scenery spell tourism. The ex-Spanish colony has been peaceful and stable since 1948. The culture and language are Spanish, but English is widely spoken in business. The currency is the colon, standing at 540 to the dollar.

The country's liberal constitution has a separation of powers between executive, legislative and judiciary. The legal system is based on a Civil Code and a Commercial Code. There is high literacy, a well-educated, skilled work-force, and reasonably business-friendly legislation which is less bureaucratic than in some Civil Code countries. GDP per head is $11,300 (2009 est) at purchasing power parity; inflation is 8.3% (2009), unemployment 6.4% (2009) and growth in that year was -2.5%.

The economy was traditionally based on agricultural exports and tourism. In the last 20 years the Government has introduced a host of export incentives including Free Zones; as a result manufactured exports have shot up. The most famous investor is Intel which generates $2bn of exports from its chip plant annually.

Costa Rica has territorial taxation (ie it taxes only local income), although a move towards worldwide taxation has been under consideration for several years. There are no offshore regimes as such except for the Free Zones. For domestic companies taxation is significant, and high social insurance charges make employees increasingly expensive. For incoming investors the tax bill is very low indeed, and the sophisticated business environment is attractive. The country has traditionally had no international tax treaties, but it now has an exchange of information treaty with the US, its main trading partner and the source of most of its incoming investment, and has begun to negotiate DTAs with several countries. Banking secrecy is relatively good.

Costa Rica is a member of the Central American Free Trade Area (CAFTA) which came into operation in December, 2008.

BACK TO TOP

<

BACK TO COSTA RICA INFORMATION: BUSINESS, TAXATION AND OFFSHORE


THE LOWTAX LIBRARY

One of the web's largest and most authoritative business and investment information sources. Alongside topical, daily news on worldwide tax developments, you can receive weekly newswires or access up-to-date intelligence reports on a range of legal, tax and investment subjects.

FREE TRIAL NEWS SUBSCRIPTION

Our 16 constantly updated intelligence reports cover every important aspect of 'offshore' and international tax-planning in depth, including banking secrecy, the EU's savings tax directive, offshore funds, e-commerce, offshore gaming and transfer pricing. Reports are available for immediate downloading or as subscription services with news pages.

Advertising & Marketing

With over 50,000 qualified readers every month our web-sites offer a number of cost effective, targeted advertising, sponsorship and marketing opportunities:

Display advertising - from 'skyscrapers' to 'buttons'
Content/article submission and sponsorship
Opt-in email marketing
On-line Services Directory listings

Click here to learn more or contact Peter Wiggins on +44 (0)1424 813852 or email him at peter@lowtax.net

News & Content Solutions

Could your corporate web-site or newsletter benefit from incorporating regularly updated news and content tailored to serve your clients' interests? We can provide a variety of maintenance-free news and content solutions that can be seamlessly integrated and dynamically delivered:

Customised, personalised 'own-brand' news services
Newsletter content and management
News Headlines Tickers

Click here to learn more or contact Peter Wiggins on +44 (0)1424 813852 or email him at peter@lowtax.net

IMPORTANT NOTICE: THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright THE LOWTAX NETWORK 1999 to 2010. Contact us for further information.