Many countries do not impose any taxes on both companies and individuals operating an online gambling business. However, only a few of those countries do not require such companies and individuals to obtain a special gambling license. Costa Rica, a country located in the tropical South America, gives the online gambling companies all they need – income generated outside of Costa is not subject to tax and there is no such thing like an online gambling license. It is not coincidence that more than 200 large online gambling companies are established in the country.

The persons willing to set up online casinos in Costa Rica need to know that local banks may not process online gambling transactions. Hence, an online gambling company in Costa Rica will need a bank account in another offshore country (e.g., Mauritius).

The incorporation of a company in Costa Rica is a quick process that can take 1-2 days. The easiest way to operate company in Costa Rica is the Limited Liability Company (Sociedad de Responsabilidad Limitada). The liability of the shareholders in this type of company is limited to a capital divided into individual registered shares. A shareholder who wants to sell his/her shares must offer them first to the other shareholders.The Limited Liability Company must have at least two shareholders. The company is governed by one or more managers who may or may not be shareholders.

Entrepreneurs willing to be able to easily transfer their shares often choose to incorporate a Public Limited Company (Sociedad Anónima). The liability of the shareholders in this type of company is limited to their capital contribution. The shares can be transferred by endorsement. The Public Limited Company is governed by a board of directors which is obliged to appoint a president, a secretary, a treasurer, and a resident agent. The resident agent must be an attorney at law in Costa Rica. The company may, at its sole discretion, appoint vice-presidents, managers, and other personnel.

In should be noted that many companies in Costa Rica rent independent high-quality physical servers that can be used for the provision of online gambling services. The use of a server in Costa Rica allows the providers of such services to avoid falling within the scope of the laws of other countries.

In conclusion, Costa Rica is a good option for online gambling companies not only because it is a low tax country and does not require online gambling license, but also because it offers quick incorporation options and a good Internet infrastructure.

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