Limited liability companies may express their capital in any currency, such as dollars.
or euros, without the need to be limited to using colones.
➢ Capital shares of limited liability companies must no longer be in multiples of 100.
colones.
➢ Partners can determine more flexible values according to their needs.
By judgment number 2025223554 of February 5 of this year, the Constitutional Chamber eliminated
the prohibition of Limited Liability Companies (S.R.L.), as established in Article
79 of the Commercial Code, to express the capital stock of Limited Liability Companies.
(S.R.L.) in foreign currency, in addition to declaring unconstitutional the requirement that the capital installments be in foreign currency.
The social security contributions were only in multiples of 100 colones.
With this sentence the Chamber eliminates the inequality that the S.R.L. had with other mercantile companies,
because while corporations could establish their capital in dollars or in any other currency, they could also establish their capital in dollars.
In the case of other currencies, limited liability companies were required to use only colones.
In addition, the requirement of multiples of 100 colones had no current justification either.
The capital structure of S.R.L.'s is valid and unnecessarily limited.
The judgment has retroactive effects, except in cases where there are rights acquired in good faith.
This ruling represents progress in commercial law in Costa Rica, thus promoting investment.
foreign investors in the market by eliminating restrictions that were no longer relevant in today's economy.