Resident agents should require their customer satisfactory evidence of identity or of that of the final beneficiary.
The National Assembly passed Bill 275 in third debate, regulating the information requested by resident agents or lawyers in order to strengthen the fight against money laundering and terrorist financing.
The proposal provides for penalties for firms and attorneys who break the rules by not having all the customer information necessary and at the request of competent authorities investigating illegal activities.
Both countries have agreed to start meetings in Panama, in order to sign a Double Taxation Treaty.
A press release from Panama’s Ministry of Economy and Finance states:
Following a visit by the Minister of Economy and Finance, Frank De Lima, to Britain, and also his meeting with David Hartnett of HM Revenue and Customs, both officials have agreed to start meetings in Panama, with the view to signing a Double Taxation Treaty .
Regional exporters of fresh food products to the United States must renew their registration with the FDA between October 1 and December 31.
A statement from PROCOMER reads:
Costa Rican exporters must renew their registration with the U.S. FDA
Costa Rican exporters of food and fresh produce as well as other countries whose products are destined for the U.S., must renew their registration with the FDA as part of the measures included in the Food Safety Modernization Act (FSMA), adopted earlier this year to improve the safety of food consumed in this country.
It is reported that up to 30% of Costa Rica's real estate offers may hide some sort of fraud.
Before considering investing or purchasing a property in Costa Rica, two key issues must be taken into consideration:
-Costa Rica's complex legal system is based in the old Napoleonic Code, and its general motto is "If there's no blood, there's no damage". Taking a civil issue to the courts costs a lot of time and money.
As a Holding Company we are interested in helping other companies to succeed. We do that by investing in other companies with capital and or professional help to allow them to grow in exchange for ownership.
Operates in Panama and Panama
Phone: (507) 7202158
We are a multidisciplinary group specialized in financial and business development consultancy, with special emphasis in the real estate development area.
Operates in Costa Rica
Phone: (506) 8848 2730 - (506) 2233 8848
Reveal Real Estate is dedicated to improving the transparency of the international real estate market in Central America by putting data in the hands of consumers.
Operates in Costa Rica, Nicaragua and Panama
Phone: (302) 353 4505