Costa Rica
Company Incorporation

Costa Rica is an ideal destination for iGaming businesses seeking a clear path to market. With its low-tax policies and business-friendly legal framework, MGL can handle the entire setup as fast as 1-3 days, so you can focus on your business goals.

Registration time
1-3 days
Regulatory Requirements
Moderate
Tax policy
Favorable
Minimum capital
Not required
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Advantages of Registering a Company in Costa Ricawith MGL

No Restrictions for Foreigners

Costa Rica allows citizens of any country to open a company. There are no limits on foreign business ownership or on the transfer of capital.

International Reputation

Unlike many offshore jurisdictions, Costa Rica has a strong reputation, allowing companies to easily do business with partners in the EU, the USA, Canada, and other countries.

Confidentiality

In Costa Rica, there is no public registry of company owners or shareholders. This means competitors can’t access your data, and you’ll have more protection from personal disputes involving the company.

Quick and Efficient Setup

Our MGL team handles everything you need to launch a business in Costa Rica in just 1–3 days. We use our expertise and local connections to make the process quick and easy for you.

Tax Advantages

In Costa Rica’s territorial tax system, only local revenue is taxed, while international income remains untaxed. This structure offers significant tax savings for gaming businesses.

How we work

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Step 1. Initial Consultation

We start with a consultation to understand your business needs, license category you plan to obtain, and objectives.
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Step 2. Document Preparation

Step 2. Document PreparationWe support you in gathering and preparing all necessary documents for your future company. You need to provide only your personal identification and supporting documents.
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Step 3. Get Your Registered Company

We submit the documents to the registration office and follow the process closely.

Steps to Incorporation in Costa Rica

Step 1. Initial Consultation

A company incorporation process begins with a consultation. Our goal is to understand the unique specifics of your iGaming project and your long-term business goals. 

We analyze key factors that are crucial to your success, such as your planned platform type, whether it is an online casino, sportsbook, or poker room, your target audience, and your financial goals.

This detailed analysis is what allows us to advise you on the most suitable legal structure and jurisdiction for your company. This crucial initial step will directly determine your company’s liability protections, tax benefits, and overall future growth opportunities.

This is a usual part of our work. We search for a solution that will work for you, regardless of the jurisdiction you plan to set up a company in.

Step 2. Preparing Documents

Once the legal structure is chosen, we move to the next mandatory step: preparing all the necessary documents. That is where our team supports you, from filling out forms to ensuring that the documents meet Costa Rican legal standards. 

The usual set of documents include copies of passports or IDs for all shareholders and directors, a notarized power of attorney, if you will not be in the country to sign the documents yourself, confirmation of the company’s share capital if needed, designated official email address for the company. 

As of a recent legal reform, new companies are no longer required to have a legal corporate name. Instead, your company will be officially identified by a unique legal identification number (Cédula Jurídica), which is assigned automatically upon registration. 

Step 3. Get Your Final Documents and Launch

With all documents finalized and notarized, MGL handles the official and final step of your company’s incorporation: registration with the National Registry of Costa Rica. 

Our team takes full responsibility for managing the entire registration process. This includes submitting all the legally required paperwork, paying all government fees, and managing any communication and follow-up with the Registry on your behalf. The registration process is typically complete in just 1–3 business days. 

Our speed is a direct result of our streamlined work, which includes an average reply time of only 30 minutes.

However, our service does not end with the identification number. To ensure your company is fully operational, we assist you with the post-incorporation steps. This includes registering your company with the General Tax Office to comply with all tax obligations and with the Social Insurance Fund of Costa Rica to comply with the local labor laws.

Incorporate in a stable democracy
Your gateway to the Latin American market.
Let’s discuss my project
Incorporate in a stable democracy
Your gateway to the Latin American market.
Let’s discuss my project
Incorporate in a stable democracy
Your gateway to the Latin American market.
Let’s discuss my project
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Types of Entity
in Costa Rica

In Costa Rica, there are two of the most common types of entities: Sociedad Anónima and Sociedad de Responsabilidad Limitada. While the majority of iGaming companies, registered in Costa Rica, choose them, there are other, less frequently used types, such as partnership and sole proprietorships.  

Sociedad Anónima (SA)

The Sociedad Anónima or the SA is similar to a public limited company. This type of entity is a good choice for bigger businesses, especially if you plan to have multiple investors and sell shares. But there is no established minimum share capital. 

The SA company is managed by at least two shareholders and a Board of Directors, including a President, Secretary, and Treasurer, who may be foreigners. Since it is a local type of a PLC, personal assets of shareholders and directors are protected. 

Sociedad de Responsabilidad Limitada (SRL)

For startups and mid-size businesses, the Sociedad de Responsabilidad Limitada (SRL) might be a better fit.

The SRL operates as Costa Rica's version of a Limited Liability Company, requiring at least two partners. Their ownership is divided into quotas, not shares. These quotas are harder to sell or transfer without the other partner’s approval.  

Just like a SA, a SRL provides the same liability protection. This means your liability is limited to the amount you invested. 

Other Registration Offers

Nevada

Nevada's regulatory framework, shaped by its casino history, provides a reliable foundation for online gaming businesses. Whether you choose a corporation, LLC, or partnership, MGL ensures smooth incorporation and ongoing compliance, so you can focus on growing your venture.

Alabama

Starting a business in Alabama offers a straightforward process, tax advantages, and financial incentives, making it a popular choice for iGaming entrepreneurs. The state provides a business-friendly environment with competitive corporate tax rates, property tax abatements for up to 20 years, and extra benefits through the Enterprise Zone Program.

Wyoming

For iGaming startups, Wyoming’s tax savings, privacy protections, and straightforward incorporation process make it a prime location. MGL offers tailored services to simplify incorporation, manage compliance, and handle ongoing legal and administrative needs.

Indonesia

Indonesia offers a promising yet challenging landscape for iGaming ventures. While online gambling is strictly prohibited, the broader gaming industry thrives, with over 148 million active gamers and substantial revenues. To enter this market legally, foreign companies must establish a local presence, either as a subsidiary or joint venture, per recent regulations like MOCIT Regulation No. 2 of 2024.

Nidhi Company

Setting up a Nidhi Company involves a structured process divided into three main phases, each requiring specific documentation and adherence to timelines. These steps are essential to legally establish and operate your business in Australia.

Delaware

Delaware is a top choice for iGaming businesses due to its business-friendly laws, low taxes, and strong regulatory framework. Since legalising online gambling in 2012, Delaware has attracted operators worldwide.

USA

Starting an iGaming business in the US involves navigating state-specific regulations, choosing the right legal structure, and ensuring compliance with licensing and tax requirements. The US iGaming market is growing rapidly, with the industry projected to reach $10.98 billion by 2029. Incorporating in the US builds trust with players, aligns with state laws, and opens access to tax advantages.

Qatar

Qatar is positioning itself as a key hub for iGaming, esports, and blockchain ventures, driven by its National Vision 2030. The gaming sector in Qatar is forecasted to generate QAR 457.5 million (USD 125.7 million) in revenue by 2024, with a growth rate of 6.75% annually through 2027. For businesses looking to capitalise on this market, Qatar offers advanced infrastructure, tax incentives, and a clear regulatory framework for digital and blockchain-based gaming.

The UAE

The UAE has positioned itself as a leading destination for iGaming businesses, offering a regulated framework, tax advantages, and access to a growing market. With the establishment of the General Commercial Gaming Regulatory Authority (GCGRA) in 2023, the region now provides clear pathways for setting up iGaming operations.

India

India’s iGaming industry is growing rapidly, but success hinges on understanding its legal and operational complexities. MGL ensures businesses enter the market with confidence and compliance.

Hong Kong

Hong Kong is a top choice for iGaming businesses looking to expand into Asia and beyond. With its transparent legal framework, efficient banking services, and favourable tax system, it offers significant advantages for entrepreneurs. Setting up a company is straightforward, and the region supports international operations with ease.

Saint Lucia

Saint Lucia offers an appealing option for iGaming entrepreneurs looking for a jurisdiction that prioritises reliability and business-friendly practices. With its favourable tax policies, efficient regulatory processes, and solid legal frameworks, it stands out as a top destination for establishing a foothold in the global iGaming market.

Nevis

Nevis is a standout destination for setting up iGaming businesses, offering a streamlined incorporation process, strong privacy protections, and tax advantages. With the help of MGL, you can establish a Nevis-based company in just 1–3 days, while they handle all the paperwork, compliance, and licensing requirements.

Belize

Belize is a top spot for iGaming because it’s fast, private, and tax-friendly. Setup takes as little as 1–3 days, and there are no restrictions on foreign ownership. With strong privacy and minimal compliance requirements, Belize lets you skip the red tape and focus on growth.

Costa Rica

Costa Rica is an ideal destination for iGaming businesses seeking a clear path to market. With its low-tax policies and business-friendly legal framework, MGL can handle the entire setup as fast as 1-3 days, so you can focus on your business goals.

Vanuatu

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Dubai

Dubai is emerging as a hotspot for iGaming businesses, driven by its strategic location, tax advantages, and evolving gaming regulations.

BVI (British Virgin Islands)

The British Virgin Islands (BVI) stands out as a prime location for iGaming businesses looking for a strong operational base. With its adaptable corporate framework, the BVI accommodates various business needs, whether you're launching a new platform or setting up a specialised subsidiary.

Malta

Setting up an iGaming company in Malta offers several advantages, including access to the European market, a low effective tax rate of 5%, and a well-regarded regulatory framework under the Malta Gaming Authority (MGA). Malta's strategic location, skilled workforce, and favourable business environment make it a key hub for online gaming operators.

Malaysia

Although online gambling in Malaysia occupies a legal grey area, the government is exploring licensing frameworks to modernise laws and capture tax revenue. This could open new opportunities for iGaming businesses targeting international markets.

Singapore

Singapore is a top choice for setting up an iGaming business in the Asia-Pacific region, thanks to its strong legal system, attractive tax policies, and access to a growing market of over 650 million consumers.

Estonia

Estonia stands out as a top destination for iGaming entrepreneurs aiming to establish their businesses in a forward-thinking European market. Its digital-first mindset, friendly tax policies, and efficient incorporation process make it a smart choice for companies seeking to balance regulatory compliance with operational ease.

Seychelles

Seychelles is an attractive destination for iGaming businesses due to its tax-free environment on foreign income, fast incorporation process, and growing market potential. With zero corporate and gaming taxes for International Business Companies (IBCs), competitive licensing fees, and confidentiality protections, it offers an ideal setup for operators targeting international markets.

Cyprus

Looking to expand your iGaming business in Europe? Cyprus offers EU membership benefits and a streamlined incorporation process that can be completed in as little as two weeks. This makes it a top choice for entrepreneurs aiming to access European markets efficiently. With MGL, the process is simplified through tailored strategies, legal and administrative support, and ongoing compliance services.

FAQ

FAQ about Costa RicaCompany Incorporation

Everything you need to know about Our company. Can’t find the answer you’re looking for? Please chat to our team.

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What is an LLC called in Costa Rica?

An LLC in Costa Rica is called the Sociedad de Responsabilidad Limitada (SRL). This is one of the two widely used types of legal entities in the country along with the Sociedad Anónima. Entrepreneurs usually choose the SRL for their startups or mid-size companies.

How to set up a corporation in Costa Rica?

This process includes finding a name of the future company, document preparation, appointment of directors and shareholders, registration in the National Register, obtaining a legal identification number (Cédula Jurídica), and then registering in the General Tax Office and the Social Insurance Fund of Costa Rica. This might seem tricky and quite long if you do that on your own. With MGL, you will need to gather your personal documents and wait no longer than a few working days.

How much is corporation tax in Costa Rica?

Corporate income in Costa Rica is taxed at a rate of 30%. But for small businesses whose gross income  does not exceed CRC 119,629,000 (approximately $237,508), corporate tax is progressive: 5% on income up to CRC 5,642,000 (approx. $11,200), 10% up to CRC 8,465,000 (approx. $16,800), 15% up to CRC 11,286,000 (approx. $22,400), and 20% on any income above that. Keep in mind, that income received outside the country is not taxed.

Is Costa Rica business friendly?

Yes, Costa Rica is a business-friendly country with a stable political and economic environment. It also has a high literacy rate of more than 96%, a strategic location between North and South America. Plus, the country has free trade agreements with different countries.

What are the different types of corporations in Costa Rica?

There are many types of corporations in Costa Rica, but only two of them are widely used: Sociedad Anónima (SA) and Sociedad de Responsabilidad Limitada (SRL). An SA is an analog of a public limited company (PLC) and an SRL is similar to a limited liability company (LLC).

Why do business in Costa Rica?

open to people from anywhere to open a company, and you will not have to pay taxes on income earned outside the country. With its solid international reputation, a quick setup process of just a few working days, and the privacy of no public registry for owners, Costa Rica is an appealing place to do business.

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