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Lower CCSS Contributions

New Lower Rates for CCSS Contributions

Great news for entrepreneurs and small business in Costa Rica! A new regulation that allows very small businesses (5 workers or less) to reduce their social security contributions for its workers is now in place. Check out the press release…

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Guarantee Deposit Countries

Increase in the Guarantee Deposit

On September 23, 2019, Costa Rica's Immigration Department (Dirección General de Migración y Extranjería - DGME also referred to simply as Migración) published new Guarantee Deposit amounts for foreigners establishing residency in Costa Rica. The purpose of the Guarantee Deposit…

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Working From Home

Costa Rica Encourages Telecommuting

President Carlos Alvarado has formally signed a work-from-home bill into law, which helps to standardize working from home as an choice. The new law sets the guidelines for the work from home approach, reinforcing Costa Rica's aggressiveness to grow the…

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Costa Rica Switches to IBAN

The Central Bank of Costa Rica (BCCR) has announced that, as of August 1, all client accounts in Costa Rica will change to the international bank account format (IBAN). The implementation of this new model changes the length of the…

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