by ERP Lawyers | Nov 17, 2023 | Migration Law, Moving to Costa Rica, People, Publications
Permanent Residency: It’s a migratory status allowing indefinite stay in Costa Rica with the possibility to work without issues. Those eligible for this residency include individuals whose parents or children are Costa Rican citizens, or foreigners who have had...
by Bryan | Nov 17, 2023 | Inheritance Law, People, Publications
It is important that people, regardless of the assets they wish to bequeath, draft a will with their last wishes, indicating how they want these assets to be inherited and distributed once they pass away (successions). In the will, the testator can bequeath to family...
by ERP Lawyers | Nov 17, 2023 | Commercial and Corporate Law, Companies, Publications
What is a merger or acquisition of companies and why are they carried out? Mergers and acquisitions are part of a business strategy in which two or more companies join together as one entity to grow, gain competitiveness in the market, and strengthen themselves. A...
by Bryan | Nov 17, 2023 | Commercial and Corporate Law, Companies, Publications
A franchise is a business model that has gained prominence in Costa Rica in recent years and can be utilized by small, large, or medium-sized entrepreneurs. Through franchising, the owner of a brand, service, or business, referred to as the franchisor, grants another...
by ERP Lawyers | Nov 17, 2023 | Commercial and Corporate Law, Companies, Publications
The Corporation (Sociedad Anónima or S.A.) and the Limited Liability Company (Sociedad de Responsabilidad Limitada or S.R.L. or LTDA.) are the most commonly used business entities in Costa Rica for investment or engaging in commercial activities. The Corporation...
by Bryan | Nov 17, 2023 | Companies, Judicial Collection, Publications
Factoring: An Overview When a company accumulates numerous accounts receivable, such as invoices or promissory notes, it may turn to factoring, also known as invoice factoring or invoice discounting. Factoring becomes a highly viable option for a company in need of...
