Category Archives: News

Attention: to ALL Beneficiaries of Costa Rican Companies

Digital Signature Mandatory for ALL final beneficiaries of Costa Rica companies

If you are a legal representative of a Costa Rican company, it is important that you are informed that Law # 9416 to Improve the fight against Tax Fraud established the obligation to disclose the ownership structure and the identification of the final beneficiaries.

The following individuals are now obligated by law to obtain a Digital Signature Certificate during the 1st Quarter of 2019 to interact with the newly created Registry of Shareholders: 
  • Presidents of Sociedades Anónimas (S.A.s)
  • Managers and Sub Managers of Sociedades de Responsabilidad Limitada (S.R.L.s)

Sanctions for not complying:

  • 2% of the declared gross income according the last tax return of previous fiscal year.
  • A minimum of 3 base salaries and up to US$66,000.00 approx.

For assistance or questions about the registration process please contact Estefanía Brenes to or calling (506)2524-3176

Press Release: GLC Abogados

GLC Abogados CINDE Law Firm

Lic. Augusto Arce, MBA
Managing Partner
GLC Abogados

Press Release:

 GLC Abogados accepted as CINDE law firm

CINDE is the Costa Rican Investment Promotion Agency


San José, Costa Rica, June 30th 2016: After more than 16 years of specialization in foreign advisory and related activities required to install and/or operate companies in Costa Rica, GLC Abogados has been officially included in the exclusive list of legal service providers of CINDE.


Since 1999 GLC Abogados became the “first mover” in law firms specialized in foreign advisory in the country and has collaborated with hundreds of foreigners in their pursuit of their goals in our territory and beyond it.


Starting today GLC Abogados will be eligible by important multinational companies that seek the competitive advantages that Costa Rica has to offer to install their operations locally and to be able to assist them specifically in the Immigration Law area of practice. Our Immigration Division is directed by attorney Eugenia Víquez who has extensive knowledge and experience in an ample variety of processes and migratory situations.

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Visit to Guatemala: Law Firm Calderon – Monge Asoc.

Guatemala: Law Firm Calderón - Monge Asociados

Guatemala: Law Firm Calderon – Monge Asociados

City of Guatemala, december 3rd 2014.

As Managing Partner of GLC Abogados and as Executive Secretary of Inlaw Alliance of Law Firms I had the opportunity to get to know personally the Partners of law firm Calderón- Monge Asociados Estudio Jurídico located in:

11 calle 8-14 zona 1, oficina 28, Ciudad de Guatemala, Guatemala Tel:+(502) 52180317

I was able to have a conversation with the Calderón attorneys at law and confirmed their ample knowledge of the legal and business environment in Guatemala.

GLC Abogados organizador de la VI Asamblea de Inlaw Alliance of Law Firms


A partir de hoy GLC Abogados como orgulloso miembro de Inlaw Alliance of Law Firms tiene el agrado de recibir en nuestro país a distinguidos abogados de reconocidas firmas legales del continente.

Inlaw busca el mejoramiento de la profesión legal y por ende la calidad en la asesoría legal a clientes de todos sus miembros.

En cada Asamblea Anual Inlaw busca definir el rumbo de la alianza y permite a abogados de diferentes nacionalidades encontrar la oportunidad de no sólo entrar en contacto con colegas diversos sino de entrar en contacto con su lado humano mediante actividades sociales y culturales que permiten el desarrollo de confianza en sus contrapartes.

En la actualidad Inlaw cuenta con firmas representativas en Guatemala, Nicaragua, Costa Rica, Panamá, Ecuador, Venezuela, Perú y Argentina.

Esta red nos permite ofrecer servicios consistentes y de calidad a nuestros clientes en al menos dichos países.



Attention ALL beneficiaries of Panamanian Corporations

sociedades panama

Panamanian IBCs (International Business Corporations) have traditionally been vital legal vehicles for the offshore industry specially because of their confidentiality. It is well known that Panama is one of the last jurisdictions in the world to offer what is known as bearer shares.

Bearer shares are the opposite from the more widespread Nominative Shares, and the first ones are crucial for global investors looking for regulatory advantages available offshore.

So it’s vital that if you are a beneficiary of a Panamanian corporation that was incorporated prior to May 4th, 2015, must take one of the following actions before December 31s, 2015:

  • Substitute the current bearer shares for nominative shares or,
  • Place the bearer shares with a registered Custodian

If such actions are not addressed will be considered delinquent.

For more details contact our legal team








Conozca nuestra nueva oficina en Escazú

Guachipelín de Escazú, Plaza Florencia, local #4  (foto José Campos  Rojas)

Guachipelín de Escazú, Plaza Florencia, local #4                            (foto José Campos Rojas)

Guachipelín de Escazú, Plaza Florencia, local #4  (foto José Campos)

Guachipelín de Escazú, Plaza Florencia, local #4                         (foto José Campos Rojas)

Guachipelín de Escazú, Plaza Florencia, local #4 (foto José Campos Rojas)

Guachipelín de Escazú, Plaza Florencia, local #4                     (foto José Campos Rojas)

Localizada en la zona más vibrante de la capital rodeada de importantes desarrollos residenciales y comerciales, nuestra nueva oficina busca facilitar reuniones entre clientes de ese pujante sector y nuestro equipo legal.

A sólo 5 minutos de Multiplaza Escazú y con fácil acceso desde la Ruta 27 para entrar a nuestra oficina usted no tiene que subir elevadores ni realizar molestos registros en recepción.


Tel: Local: +(506) 2289-7962

Fax: Fax: +(506) 2253-2252


Our Managing Partner elected as Executive Secretary of Inlaw

We are proud to announce that our Managing Partner Mr. Augusto Arce was elected as Executive Secretary of Inlaw Lawyers Alliance at its last Assembly in Quito, Ecuador.

Mr. Arce’s role consists in collaborating and directing with the alliance’s international expansion and modernization.

With corresponding law firms across Latin America this alliance looks to expand by incorporating elite attorneys with international practice across the globe.

Mr. Arce has a Juris Doctorate from the Universidad de Costa Rica and a Global Masters in Business Administration from Thunderbird School of Global Management in Arizona jointly with Tec de Monterrey, Mexico.

Mr. Arce obtained the only High Distinction of the class in International Management for Lawyers at Incae Business School, the #1 Business School in the region.

You can contact him directly at


GLC Abogados selected as member of Inlaw


GLC Abogados had the honor of being selected as the only Costa Rica law firm member of the prestigious Inlaw.

Inlaw Lawyers Alliance is an elite organization of international attorneys that seeks excellence in the legal profession.

With important law firms in different countries Inlaw offers a unique legal platform as response to the globalization of the legal affairs.

Currently Inlaw is receiving applications from distinguished international law firms with a proven record of quality services.

GLC Abogados can now offer consistent international legal services to its clients through the use of this powerful network.

You can learn more of Inlaw at:


Announcing the construction start June 20, 2013 of Croc’s Casino Resort, the Central Pacific’s Newest Address

Change is in the air as Jaco is soon to be home to one of the country’s best resorts. The ground will officially be broken Thursday, June 20, 2013 at 4pm with a celebratory pool party rich with dignitaries, celebrities, local influencers, media and sports figures from Costa Rica and abroad.

Owner, Dag Hascall, and his wife Jennifer could not be happier that Croc’s Casino Resort is finally a reality.  “The years of planning and permitting have been a great season to get to know Costa Rica, the culture and the warm people, but getting to build this impressive resort is what it is all about” says an elated Dag.

Croc’s Casino Resort is a welcome change for Jaco.  All will be greeted with gracious hospitality and experience a vast array of resort offerings.  Slated to open in December of 2014, Croc’s Casino Resort will be hiring over 300 new team members, again changing Jaco.  Soon to be the biggest employer in the region, a destination in and of itself for tourists and locals alike and without a doubt, the most dramatic design and architectural wonder on the Central Pacific Coast.  Stay tuned as Croc’s Casino Resort continues through the construction process and is pleased to call Costa Rica home.

Croc’s Casino Resort is a richly diverse hotel-casino-resort in Jaco, Costa Rica.  It is located in the exclusive north end.   Croc’s Casino Resort is poised to be the predominant casino resort in Costa Rica and will change the landscape of Jaco and the Costa Rica’s Pacific coast forever. A soaring 17 stories, Croc’s Casino Resort will feature 152 hotel rooms, 44 luxurious condominium residences, a Las Vegas style casino, beachfront resort pool, restaurants, disco, spa, the “Croc Habitat”, retail shopping and meeting and convention facilities.

Impeccable service advancing the guest experience will be provided at Croc’s Casino Resort and will surely elevate the standard of service expected on the Coast of Riches, Costa Rica.

Operated and managed by Rory Hascall, long-time Las Vegas Executive and a highly professional team of executives, Croc’s Casino Resort is your best bet in Costa Rica.

For More Information please contact:

Esteban Martinez-Publicist   Croc’s Casino Resort

(506) 6006-9021

Press Release: GLC Abogados new corporate identity

Press Release San José, 15th January 2013GLC Abogados today announces the launch of a new global corporate identity that reflects the permanent growth of the firm’s areas of practice over the past years.

At the heart of the new firm identity is a slogan which is aligned with the firm’s vision to be the most trusted business law firm in Costa Rica, “At the intersection of law & business” represents a clear promise that the legal work is done in strict observance of the client’s business needs, complemented by the launch of the first responsive website of a legal practice in Costa Rica and the region.

The slogan will appear besides the logo on all corporate publications, printed materials and corporate website (

The new domain ( and website are part of the necessary branding strategy to continue to position the name GLC Abogados as a preferred business law firm in the competitive Costa Rican legal services market. All the members of the legal team have new email addresses; in order to contact them the client simply adds the attorney’s first name to

The firm’s structure has been optimized to serve local and international clients in the following main Areas of Practice: Corporate, Companies, Immigration, Real Estate, Asset Planning, Trademarks, Litigation and Doing Business. ###

You can contact GLC Abogados at (506) 2524-3176 or via email to