A public notary is required to draft, authorise, and submit a company registration. The usual form of entity is a corporation – Sociedad Anónima (SA). If you're planning to visit Costa Rica, it helps to know a little about how Ticos behave, interact with one another and what you can expect from the people you meet during your travels. In Costa Rica, as with other Latin American countries, individuals prefer to form a relationship with an individual before they engage in business dealings. A delay of 30 minutes is not unusual. Learning Spanish or even trying on a few words or phrases will go a long way towards establishing a more trusting relationship with a potential business partner. Appearance: Costa Ricans take pride in their appearance and dress formally. This often decreases as the relationship develops. Don't expect meetings to finish on time however - it's polite to indulge in a bit of personal chit-chat before diving into business, perhaps followed by an impromptu lunch. New Clothing Store,major designer brands xxxxx and urban wear are our main interest. Despite their laid back lifestyles, Costa Ricans … Business Attire: A suit and tie are appropriate for men, but in warmer climates, such as on the coast, a jacket is optional. Our Clients Don and Doña are translated as Mr. and Mrs. respectively, but are considered very formal. However, as in any new country, it is necessary to have at least a sound knowledge about how the business culture works before entering the local marketplace. Do not exaggerate and try not to talk directly about how much you are making unless it is directly related and relevant to the business meeting. Business Attire is Preferred in Professional Settings Costa Rica’s beautiful beaches and lush jungles may lead you to think that casual attire is acceptable throughout the country; however, the opposite is true in a business setting. Even if Costa Rica boasts a high English fluency amongst the general population, try to use simple/straightforward language in meetings conducted in English and allow for clarification and rephrasing when possible to avoid miscommunication of any kind. Payroll Outsourcing in Uruguay: A Fast Route to Market. Ticos (Costa Ricans) are globally known for being friendly, peaceful and generally relaxed; such characteristics are also prevalent in the business culture. Costa Ricans do not usually wear shorts outside beach areas. In general, business negotiations proceed slower in comparison with North American culture, and a direct approach may not be viewed as favorably as one that is more indirect and political. Get in touch with our team of experts today and we will help you and your business expand in Costa Rica. Meetings can run longer than scheduled due to delays. Only in CR Uncategorized Only in Costa Rica for Week of September 16th. I’ve been writing a blog series about doing business in Latin America and this is an excerpt of a post called Pura Vida: Pros and Cons of Doing Business in Costa Rica that I originally posted on my blog.. Costa Rica, literally “Rich Coast” in Spanish, is a fitting name for a country with diverse geography which ranges from tropical rainforests to vast oceanscapes. Costa Rican women, on the other hand, especially young women, tend to show some skin in everyday, and even business, situations. We value and respect your personal data and will do the utmost to protect it. About Us Costa Rica is a beautiful country, with delicious food, and important customs and traditional etiquette. A company can be registered by name or number via the National Registry (Registro de Personas Juridicas). Although the prices of items range from ¢1.000 to ¢5.000 colones (US$2 to US$10), the large volumes handled by big chain stores make it a profitable business. Specifically it will help you to: Understand the business environment of the country; Prepare and conduct successful negotiations; Learn the rules of business etiquette; Understand how culture affects business; Get practical information when visiting the country Dress for formal events in this environment is mostly jacket and tie and suits are reserved for the most official and high-level venues. While this doesn´t mean you can´t be proud of and talk up your business, it does mean that this should be done moderately. See below some important notes regarding business meetings in Costa Rica. Abrazos (hugs) are typically reserved for good friends and family. Starting a business in Costa Rica involves nine procedures and can take up to 22.5 days – good by comparison with elsewhere in the Latin American/Caribbean region, where the average is 31.7 days. business attire in costa rica. 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