In Costa Rica, it is widespread the use of Society constitutions because of liability issues, so that it is advisable for every property bought to enroll it on behalf of a different society. In the case of non-residents it is not possible for them to open or manage a business in a personal capacity, so we recommend the establishment of the society. The most common types of companies are 'Sociedad Anónima' (SA) and 'Limited liability society' (Srl), the difference between the two types of societies is that the SRL requires at least an Administrator and the SA requires at least a President, a Treasurer, a Secretary and a Vice president.
If the directors of the society do not reside permanently in the country, it is necessary to have a resident agent (must be a lawyer) to receive judicial or administrative notifications.
A society can be owned by a shareholder (100%) or share between several shareholders, being possible some limitations to the rights individually or jointly by the signature. To set up a company is only required a copy of the passport and some personal information (marital status, place of residence, profession, ...), an name of fantasy and thanks to the digital government program, the company will be registered in about 48 hours .