New regulations restrict financial registration to digital signatures exclusively, which are unavailable to most foreign investors residing abroad. This effectively bars non-resident legal representatives from central bank registration, preventing their companies from operating legally in Costa Rica. Consequently, the vast majority of entities with foreign capital cannot comply with the law, creating a significant barrier to market participation. The mandatory physical residency requirement undermines the ability of international investors to conduct business, severely limiting economic activity. This highlights critical open data challenges, as inaccessible registration processes obscure investment flows and distort economic transparency. Without inclusive digital frameworks, valuable data on foreign capital remains hidden, hindering effective governance and accurate analysis of the national economy.
Source:Published on 2024-03-14
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