Opening a Business in Costa Rica

The best thing about living in Costa Rica is that it has a business-friendly culture. Opening a business in Costa Rica doesn’t require you to be a resident. Foreigners can own businesses in the country.

Initial Requirements When Opening a Business in Costa Rica

opening a business in costa ricaWhen you want to own a business in Costa Rica, you should first know the rules. If you are not a resident, then you can only be the owner of the new venture. You can’t work within the business because the country doesn’t want to lose jobs that locals can do.

For instance, if you want to open a sportsbook, then you can only act as its owner. The good news is that using a sportsbook pay per head solution will automate most tasks. As a result, you don’t need to hire another person to manage the bookie business for you.

Also, it would help if you considered the business type. In Costa Rica, the most common type is Socio Anonima or SA. Personal assets and income are not at risk with this type of business. Some SA business owners put their real estate properties and vehicles in the name of their company to protect them.

The best way on how to be a bookie in Costa Rica is to find a lawyer. The lawyer can take care of all the requirements and the creation of the company. The attorney will guide you through the paperwork needed for the bookie business.

Before you choose a sports betting software, be sure you have the licenses needed to operate. Some of the required licenses include an operator license, zoning request certification, and more.

Lastly, you’ll need the help of internet marketing consultants to create a marketing plan for your new business.

As you can see, opening a business is easy while living in Costa Rica. Follow the tips above if you want to start a new venture in the country.