Process of registration and obtaining a licence
Profiles of key management and operational personnel.
Internal systems in place for maintaining proper records and reporting to the authority
One of the lowest income tax in Europe
Mission and Objectives of VARA
Outsourcing and freelancing
Corporate Income Tax โ
An important aspect of licensing is the development and implementation of policies and procedures that comply with anti-money laundering (AML) and counter-terrorist financing (CFT) requirements. This includes customer identification procedures (KYC), transaction monitoring and staff training.
The Cayman Islands takes privacy and data protection seriously, offering companies a high level of data protection. This provides additional security for transactions and customer data, which is an important aspect for cryptocurrency businesses.
To be eligible for the position, a person must be either a Costa Rican citizen or a foreigner holding a valid Costa Rica visa. If the companyโs legal representative isnโt a resident of Costa Rica, such a company must appoint a resident agent who must be a Costa Rican lawyer residing in Costa Rica and whose responsibility would be to receive legal and administrative notifications.
|