Limited liability companies may express their capital in any currency, such as dollars.
\nor euros, without the need to be limited to using colones.
\n\u27a2 Capital shares of limited liability companies must no longer be in multiples of 100.
\ncolones.
\n\u27a2 Partners can determine more flexible values according to their needs.<\/p>\n
By judgment number 2025223554 of February 5 of this year, the Constitutional Chamber eliminated
\nthe prohibition of Limited Liability Companies (S.R.L.), as established in Article
\n79 of the Commercial Code, to express the capital stock of Limited Liability Companies.
\n(S.R.L.) in foreign currency, in addition to declaring unconstitutional the requirement that the capital installments be in foreign currency.
\nThe social security contributions were only in multiples of 100 colones.<\/p>\n
With this sentence the Chamber eliminates the inequality that the S.R.L. had with other mercantile companies,
\nbecause while corporations could establish their capital in dollars or in any other currency, they could also establish their capital in dollars.
\nIn the case of other currencies, limited liability companies were required to use only colones.<\/p>\n
In addition, the requirement of multiples of 100 colones had no current justification either.
\nThe capital structure of S.R.L.'s is valid and unnecessarily limited.<\/p>\n
The judgment has retroactive effects, except in cases where there are rights acquired in good faith.<\/p>\n
This ruling represents progress in commercial law in Costa Rica, thus promoting investment.
\nforeign investors in the market by eliminating restrictions that were no longer relevant in today's economy.<\/p>\n