According to the current regulations and Regulation No. 44390-H, which governs the Transparency and Final Beneficial Owners Registry (RTBF), the party responsible for submitting the information is the legal representative of the company, who must hold a digital signature issued by the Central Bank of Costa Rica.
This digital signature is only available to Costa Rican nationals or permanent residents.
The ordinary filing period for the 2026 RTBF declaration begins on April 1, 2026.
In exceptional cases where the legal representative does not have a digital signature, the RTBF filing may be delegated through a general power of attorney (poder generalísimo) duly registered before the National Registry. Current regulations do not authorize the use of special powers of attorney for this filing.
In such cases, CENTRAL LAW may assist clients by granting a general power of attorney in favor of a CENTRAL LAW collaborator or a designated representative of the company who holds a valid digital signature and undertakes responsibility for filing the declaration.
This power of attorney will include express limitations, ensuring that the designated representative may only carry out the actions necessary to submit the RTBF declaration.
Furthermore, the power of attorney will expressly establish that the designated representative may not dispose of funds, bank accounts, vehicles, real estate, or any other company assets, nor create obligations, debts, or liens, or otherwise bind the company without prior written authorization from the shareholders’ meeting.
We recommend granting this power of attorney for a minimum term of six (6) months, in order to allow sufficient time to address any unforeseen circumstances.
Associate – Costa Rica
Disclaimer: This content is for informational purposes only and should not be construed as legal advice from its author or CENTRAL LAW.
