Proposal to Exempt Startups from Income Tax

A bill put forward by Liberal MPs in Costa Rica proposes that during the first three years of operation, new companies would be exempt from paying income tax.

Friday, April 17, 2015

The proposal states that during the first year the new companies would be completely exempt from income, the second year they would be charged 25% of income tax incurred and 50% in the third year.

Crhoy.com reports that "... Once this initiative becomes law of the Republic, the same would apply to all those who enroll for the first time as contributors to the tax authorities, regardless of the activity in which they are engaged, whether they are a natural or legal person and the tax regime which they join."

The libertarian legislator, Natalia Diaz Quintana, added "... What I propose in this proposal is a concrete action, in order to encourage the development of business projects becoming a generator of economic resources which is personal or for households . "



More on this topic

NO State Intervention

October 2018

Arguing that the law of creation of the Nicaraguan Company of Imports and Exports attempts against free market, the business sector demands to abolish the proposal.

The Superior Council of Private Enterprise (Cosep) strongly opposes the approval of the Law that aims to create the Nicaraguan Company of Imports and Exports (Enimex), which would allow the State to conduct commercial transactions.

Movements in Costa Rica Beer Market

August 2014

An increase in the consumption of craft beer has led the Florida Ice and Farm corporation to enter this niche market, where it is expected that the upward trend will continue.

Gisela Sánchez, director of corporate relations at Florida Ice and Farm, told Elfinancierocr.com that the company "... has decided to invest in creating a small craft beer business, completely independent of Cervecería Costa Rica."

Electronic Manufacturing Comes to Costa Rica

August 2013

With an investment of $10 million the German company Zollner Elektronik AG is to establish a manufacturing and support services plant.

From a press release by the Ministry of Foreign Trade in Costa Rica (COMEX):

Zollner Elektronik AG, one of 15 world leaders in electronics manufacturing services (EMS) and the number one in Germany, announced today the establishment of its modern manufacturing and technical support services plant in Costa Rica.

Rise of Franchises in Guatemala

June 2011

The country has become the largest market for franchising in the region, with sales of $300 million annually.

Of all the franchises operating in the country, who together generate about 525,000 direct jobs, 65 are national chains and of these, some already have a presence in other countries such as Pollo Campero, and La Holandesa among others.

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