General Overview. Costa Rica was not historically considered to be an offshore jurisdiction, but it has many traits characteristic to an offshore financial center. Recently the government has decided to improve regulations and popularize its financial services, which bring significant income to the country. Costa Rica has low income tax rates, which are levied on the territorial principle, meaning that the status of resident or non-resident of Costa Rica is irrelevant for tax purposes. The fact that Costa Rica is not internationally perceived as an offshore jurisdiction is another advantage for international entrepreneurs who decide to move there for offshore business purposes but for any reason wish to avoid classical offshore jurisdictions.

Banking Sector. Banking regulations have been amended and improved in recent years, and banking sector is rapidly developing  in Costa Rica. Banks must adhere to the rules of the Central Bank, which is in charge of regulating and supervising financial institutions of Costa Rica. Offshore banks of Costa Rica, i.e. foreign companies which are allowed to provide banking services are undergoing reforms at present. Bank secrecy laws are strong in Costa Rica.

Retirement. Costa Rica is one of the most famous retirement destinations, as it offers a great number of advantages. It is a politically stable country with perfect climate, beautiful nature, developed infrastructure and friendly people. In addition, the value of properties and daily living costs including food, utilities, insurance and other day-to-day expenses, is comparatively low. Spanish is the official language of the country, but it is possible to use other languages, including English in private and public sectors.