Modification in percentages of contribution to the FCL and ROP
The Costa Rican Social Security Fund (“La Caja”) has recently sent a message to all employers informing of modifications to the composition percentages of the Labor Capitalization Fund (FCL)) and the Obligatory Pension Scheme (ROP), based on the Law to ...
Tax compliance of inactive companies in Costa Rica
Are you aware of the formal tax obligation of inactive companies in Costa Rica?
Below, we detail this obligation and suggest how to comply with it in time to avoid sanctions.
What is this new tax compliance about?
The formal ...
Update regarding the Final Beneficiary Registry in Nicaragua.
Elimination of reduced anticipated pension in Costa Rica
As of March 1, 2021, no person may access an early retirement with the right to a reduced pension under articles 5 and 24 of the Disability, Old-age and Death Insurance Regulations. *
Since the publication ...
BLP advised IDB Invest on a $60 million loan to support women-owned or led small and medium-sized enterprises (SMEs).
On August 25, 2020, IDB Invest granted BAC in El Salvador a senior unsecured 5-year loan for $60 million. BLP’s Banking and Finance team led by Mariana Nochez and Hunton Andrews Kurth (Washington DC) advised the lender.
BAC will use the loan ...
Emerging Business Opportunities in Central America
Costa Rica is an ideal location for the cultivation of cannabis, giving the country a chance to be a key participant in the new so-called “Green Gold” market. If you are interested in exploring this new business opportunity and related ...
