Incorporation of public limited companies and limited liability companies. In both Corporations and Limited Liability Companies, at least two (2) founding partners are required, who may subsequently transfer their shares or quotas to a single partner. Corporations require a minimum of four (4) members: President, Secretary and Treasurer and a Prosecutor, who may not be related to any of the members of the Board of Directors, nor may he have any type of power, or hold any other position in the Corporation. Limited Liability Companies may operate with one or more managers. Additionally, when none of the representatives are domiciled in Costa Rica, they must appoint a Resident Agent, whose sole function is to receive notifications on behalf of the company. The Resident Agent must be an attorney with an open office in Costa Rica.
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