The Simple Corporation

The standard corporation, as we do it, involves a simple Costa Rican corporation.  Why Costa Rica?

1. It is a regular corporation subject to taxes for local business, and exempt from taxes on income earned outside of the country.  As such it is not an 'IBC' which would normally attract additional attention.  This type of company fits into the legal landscape with less attention.

2. The Costa Rica government currently does not require an annual exemption or registration fee and so annual maintenance costs are lower than most IBC type jurisdictions where you will pay $150 to $300 to the government, plus your registered agent ($150) AND nominee directors!

3. The directors and local residents who often fill various official posts in the corporation are good people we know, trust and can communicate with readily.

4. We have a solid relationship with a very good business attorney, whom you will get to know, and who is in a position to not only handle the business in a very professional manner, but also understands the needs of folks from the high tax jurisdictions in the industrialized western world.

5. The Costa Rica registry accepts company names in both Spanish and English.

The simple corporation should only be used in one of two possible scenarios;

• by non-U.S. persons who have no objection to being on the public record as a beneficial owner and/or officer.

• as an additional business entity used in conjunction with an already established business structure (an 'add-on' to your current structure).

There are two ways to order the simple corporation:

(A) You provide your own officers, and nominate your own stockholder(s).    This includes all documentation, legalisations, registrations, fees paid with receipts, introduction to the attorney (speaks English very well) , translations, powers of attorney as required,  with local mailing address and forwarding services for six months.  This version of a corporation is custom tailored with your personnel and details and is available for only $800.

(B) We provide you with a working board of nominee directors, all of the above plus:   a local presence, a mailing address and forwarding service for six months.  The president will be a Spanish citizen who is a local resident and works with us on a regular basis.  He is bi-lingual and is a pleasure to work with being very conscientious about his duties and responsibilities.  This president and board serve at the pleasure of the stockholders and can be replaced at any time with a stockholders resolution filed in the corporate books and delivered to the attorney for public registration.  All of the necessary security measures are put into place to assure that the original purposes and intent of the business structure are adhered to and the interests of the stockholders are protected at all times.  These details will be covered in the training segment of the process.  This complete package is available for only $1,200