Yes, if the foreign company is not impeded by its own charter or jurisdiction it may own a Costa Rican company or create a subsidiary if so chosen.
A recent enactment of a new tax has created a yearly tax. After 3 years of nonpayment of the corporate tax, the company may be dissolved by the government and the assets it holds may be sold to pay the taxes due.
The minimum partners to incorporate a company in Costa Rica are two. However a depending on the corporate structure, it may require up to 4 members to record it.
Under Costa Rican law, foreigners have no restriction both in owning and representing local companies. There is no need to have a Costa Rican citizen as a partner.
Due to the nature of the responsibilities in taking custody and care of the assets of the Estate, it is not possible to grant a position to a person not residing in Costa Rica
The Costa Rican common practice is to have will executed before a Costa Rican Notary having three witnesses. It must be issued in Spanish but may be translated in the foreign language using an officially accredited translator.
A more limited option is for the testator to grant the will on his own but having a notary seal the contents in an envelope. This process formal in its manners and content is not normally recommended as a common practice.
Under the Costa Rican Notarial code, Notaries are public officers who can carry out a probate within their competence. However in order for this to be possible, all heirs must be in agreement and there should not be minors involved.
In Costa Rica the non-existence of a will is covered by the appointment of heirs or beneficiaries in accordance with the Costa Rican civil code.
Heirs not indicated by the lack of a will would be recognized in accordance with the following degrees or lines of succession:
There is No estate or Inheritance tax per se. However, when the recording of the transfer of a property or asset is being recorded in the Costa Rican National registry, the regular transfer tax is applicable and collected in accordance with the assessment that served as a basis in the probate.
A US will may be probated in Costa Rica, or the result of a U.S. judgment may be recognized and enforced under local law, with a court recognition from the Costa Rica First Chamber of the Supreme Court.