The corporate name will be the exclusive property of the company. With the new tax laws just passed by the government, keeping corporate books up to date has become very important. It pays to shop around. Incorporation in Costa Rica by a foreigner requires that an amount equal to the total nominal value of the stock available be deposited in a special colones account with the government. This deposit is refundable the minute the corporation becomes active.
Incorporation takes between two and three months.
No corporate business can take place before the process is complete. Should a person be in a hurry, some attorneys have new, clean corporations duly registered and ready to go. Cost for these is about the same, but there is no choice of names. A bit more overall caution should be exercised if this route is chosen. The business environment in Costa Rica is changing rapidly.