Costa Rica: Registry regarding transparency and ultimate beneficiaries
Costa Rica: Registry regarding ultimate beneficiaries
A resolution (N° DGT-ICD-R-19-2020) issued in August 2020 provides guidance concerning the registry of ultimate beneficiaries.
The guidance provides, among other items, a period of time for reporting the legal identity of the ultimate beneficiary and also when the interest of any shareholder equals or exceeds 15%. Legal entities that between 1 January 2020 and 31 March 2021 are assigned an identification number in the national registry are directed to complete their filings in April 2021. Other rules apply for entities that have not filed their reports for the 2019 period.
Read an August 2020 report (Spanish and English) [PDF 57 KB] prepared by the KPMG member firm in Costa Rica
A second topic discussed in the KPMG report concerns virtual or electronic meetings of corporate boards of directors.
Read a follow-up August 2020 report (Spanish and English) [PDF 164 KB] prepared by the KPMG member firm in Costa Rica
© 2022 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.