The aim of this process is to facilitate compliance with the obligation that companies must inform the Treasury on the composition of its share capital, as well as the identification of final beneficiaries, under the provisions of the Law to Improve the Fight against Tax Fraud, a statement from the Central Bank of Costa Rica (BCCR).


From the BCCR statement:

February 22, 2019. With the aim of facilitating compliance with the obligation of companies to provide the structure of their share capital, as well as the identification of final beneficiaries, according to the Law to Improve the Fight against Fiscal Fraud, and in response to the request of many of them, the Ministry of Finance and the Costa Rican Institute on Drugs (ICD) established September as the starting month for legal persons to submit the requested records to the Central Bank of Costa Rica (BCCR).

This was communicated today by representatives of the three entities and the Union of Chambers (UCCAEP), who said that having this information is essential for Costa Rica to avoid the risk of being included in a list of non-cooperating countries.

Read full statement.

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