What is your Tax Identification Number in Costa Rica?

Costa Rica is known to be one of the most business-friendly and supportive countries in Central America for people from all around the world. It not only promotes the immigration of professionals, but it is also very focused on attracting investors and companies of all sizes to pursue business activities in the country, with the goal of developing new industries.

Furthermore, since May 2021, Costa Rica is also part of the OECD (Organization for Economic Cooperation and Development), which supports the transparency of political and economical measures which the objective of developing better ways of living around the world.

According to the OECD’s economic forecast, Costa Rica is going to overcome the growth it had before the pandemic and for 2023 it is expected that the GDP is going to grow by 2,6%, thanks to the reactivation of the tourism sector.

EASYCO - TAX ID IDENTIFICATION NUMBER COSTA RICA

What is the Tax ID in Costa Rica?

In Costa Rica, there is no specific Tax Identification Number provided by the Tax Authority. The identification used is either the Physical Identification Number of a natural person or the Corporate Identification Number provided by the Public Registry when the company is successfully registered.

If you are a foreigner your Tax ID Number is the same as your Inmigration Identification Document or ‘DIMEX’. This one is provided by the General Directorate of Immigration when you obtain your residency.

There’s also a possibility to obtain a Special Tax Identification Number, known as ‘NITE’ if you don’t have a company register or if you’re a foreigner and don’t have residency in Costa Rica yet.

Do I need to have a registered company in Costa Rica?

Yes, if you want a Tax ID for business purposes in Costa Rica you need to have a registered company. However, if you’re a local natural person or foreign with residency, you already have it and all you need to do is register it.

These are all part of the efforts of the country to make processes easier and faster for everyone.

How to obtain a Tax Identification Number in Costa Rica?

If you have a registered company in Costa Rica, then you already have your Tax Identification Number (TIN). All you need to do is submit it for registration to the Ministry of Finance of Costa Rica.

However, if you don’t have a company yet, and you need a Tax ID then it is time to incorporate one. The company formation process in Costa Rica is quite simple and fast since it is a country that highly promotes private and foreign inversion. Most of the process can be carried out online and it is not necessary to have a local legal representative.

These are the steps you need to follow to register a company in Costa Rica and obtain your Tax ID:

Choose the right type of company and/or legal structure
Register the company name at the Costa Rican Registry of Companies
Prepare and sign all required documentation
Notarize and register the Articles of Incorporation
Obtain the Corporate Identification Number for your company
Open a corporate bank account

Get Assistance from Easyco Experts!

Costa Rica is the perfect country to register your company in Central America! To make sure you register your company in the right way, in compliance with all local laws and regulations, you can get in touch with us. Our team of experts is going to make the company registration process easy for you!

At Easyco, we make company formation in Costa Rica easy; our team of corporate experts has vast experience helping companies and individuals register their business in Costa Rica, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM and makes business registration easy by providing a hassle-free online company registration experience. Start your company in Costa Rica today!

Easyco also provides additional services to guarantee your company’s compliance, which include: