Menu
Menu
Menu
Costa Rica is rapidly gaining traction as a hub for cryptocurrency exchanges. In 2024, the average revenue per user in the country’s virtual money market is $31.53. Looking closely, this figure is not far from those from more developed markets such as Japan and the US.
Costa Rica’s performance and attractiveness are largely due to its stable political climate and legal framework, which support crypto license in Costa Rica and make it easier to establish and run digital money exchanges.
For those looking to start such a business, the process is straightforward, but obtaining a legal operating permit is essential. More details on obtaining a Crypto license in Costa Rica are available as you continue reading.
There are no special crypto licence in Costa Rica or permits to carry out activities in cryptocurrencies - businesses can do it simply by having a company registered in Costa Rica. However, to simplify the article, we may use the terms “license” or “permit” when referring to a Costa Rica crypto license that can provide crypto-related services.
Below we list some types of services that can be rendered by a Costa Rica company
A cryptocurrency company in Costa Rica can run trading platforms. It is better to have KYC/AML program to meet internationally accepted requirements and ensure user fund security.
Wallet services are about storing, sending, and receiving digital assets.
Businesses can process cryptocurrency payments for merchants.
Firms can offer investment services related to cryptocurrencies. These include, for example, portfolio management and investment advice. However, if you plan to carry out such activities, it is better to first consult with lawyers about the need for other permits in the country.
Blockchain development companies can create innovative solutions like smart contracts and DApps.
Here are some benefits of acquiring this permit:
The regulatory framework for a crypto license Costa Rica is clear and simple. This reduces the risk of legal uncertainties and ensures smooth operations.
It is also a great spot for reaching markets in North and South America. Its location gives businesses a chance to grow.
The tax incentives for businesses in this sector are competitive. They can lead to significant cost savings and higher profitability. In general, income generated outside of Costa Rica is not subject to corporate taxation in the country.
The country offers strong legal protections to protect businesses' ideas and interests. This legal security is crucial for sustaining operations.
There is a lot of government support for investors with cryptocurrency business ideas in Costa Rica innovations. Government initiatives and partnerships aim to promote the growth of the crypto industry.
Costa Rica has relaxed rules for crypto-related activities without strict licensing requirements. Instead, businesses register as companies for cryptocurrency license in Costa Rica. This approach promotes new ideas and businesses while adhering to international laws.
In general, there are no strict requirements for obtaining the Costa Rica cryptocurrency license. As mentioned, a company registered in the official register can provide services in crypto without any additional permits or authorizations. At that, the jurisdiction does not require minimum charter capital for a company and does not have audit requirements for having crypto license Costa Rica.
The most important feature of the taxation rules in Costa Rica is that this country applies the territorial principle of corporate taxation. It means that as long as your company with Costa Rica Crypto Exchange license does not earn any income with a source from Costa Rica, it is not obliged to pay local corporate profit tax. Thus, obtaining of Crypto license in Costa Rica does not result in a significant tax burden.
Register as a company with the National Registry for your project. Prepare and notarize necessary documents for activities related to Cryptocurrency license Costa Rica. Registration of the company will be equivalent to entering a Costa Rica Crypto license register
By providing a registration document and a business plan, open a bank account or account in an electronic money institution.
Develop robust Anti Money Laundering and Know Your Customer policies. Maintain ongoing compliance.
Consult legal experts for compliance with Costa Rican laws. Register, if necessary, with Costa Rican tax authorities and obtain a tax ID. Follow local tax regulations.
InteliumLaw is your trusted partner. We help you navigate the complex world of cryptocurrency legal consultancy services, among other, related to crypto exchange license Costa Rica. Our lawyers also help local and foreign businesses in Costa Rica follow legal standards increasing recognition of your crypto exchange license in Costa Rica by your business partners, financial institutions, etc. Our services include company formation, compliance consultations, and legal advices.
Completion of the necessary legal formalities to start a crypto business in Costa Rica could take from several weeks to one month. However, this depends on the complexity of the application and regulatory review process.
To be able to maintain operational activities (including operating bank and merchant accounts), businesses must implement generally accepted compliance (including in the AML/KYC sphere) and security measures.
If you wish to benefit from the liberal Costa Rican approach to crypto-related activity, you will need to incorporate a company in this country.
The costs of getting crypto exchange license in Costa Rica depend on many factors. Consult with us for accurate estimates.
The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.
By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.
The accumulated experience and tracking of future changes in this area allow us to be proactive
for our clients and develop the most adapted business structures to modern conditions.
By submitting this form, you hereby authorize Inteliumlaw to process your information for the purpose of addressing your inquiry. You retain the right to revoke this consent at any point. For further details, please review our Privacy Policy.
