MGI Murillo y Asociados publishes 2025 Guide to Doing Business in Costa Rica

MGI Murillo y Asociados, member firm in San José, has published the latest Spanish edition of its Guide to Doing Business in Costa Rica. This resource is designed to support other member firms and their clients seeking to establish or expand their presence in Costa Rica. The guide covers essential aspects of the country's economic landscape, legal frameworks, and tax regulations.

Key highlights of the guide

Costa Rica continues to be a prime destination for investment, thanks to its stable political climate, strategic location, and investor-friendly policies. The Guide to Doing Business in Costa Rica provides critical insights, including:

• Company Formation: Foreign investors, whether residents or non-residents, can establish a legal entity in Costa Rica, typically as a Sociedad Anónima (S.A.) or a Sociedad de Responsabilidad Limitada (S.R.L.).
• Banking Requirements: Opening a corporate bank account as a foreign entity requires proof of residency or appointing a local representative.
• Tax Structure: Corporate tax rates range between 10% and 30%, and the country follows a territorial tax system. Additionally, VAT rates vary depending on the nature of the goods and services provided.
• Labour and Social Security Obligations: Employers must contribute 26.5% of an employee’s salary towards social security, ensuring robust worker protections.
• Free Trade Zone Regime: Costa Rica offers attractive tax incentives for businesses operating in designated free trade zones, fostering a competitive business environment.

Click to read and download the Business Guide PDF 

About Costa Rica

Costa Rica's stable economy, skilled workforce, and strong democratic foundations make it a prime business destination. Strategically located in Central America, it offers easy access to North and South American markets, supported by free trade agreements with the U.S., EU, and beyond. A leader in technology, eco-tourism, and advanced manufacturing, Costa Rica also prioritises sustainability, with green energy initiatives and tax incentives in its free trade zones, fostering a dynamic and investment-friendly environment.

Meet the firm

MGI Murillo y Asociados is a leading firm specialising in auditing, legal advisory, and tax consultancy. The firm has extensive experience working with businesses of all sizes, from startups to multinational corporations, ensuring compliance and strategic financial planning.

For further insights or assistance, contact Esteban Murillo Delgado, Managing Partner at MGI Murillo y Asociados. Visit the firm's profile page or website for details.

To see all our latest Business Guides visit the global news room HERE or log in to the member portal and visit the Resources page.