A Costa Rican company, commonly a sociedad anonima or a sociedad de responsabilidad limitada, opens a business account with its cedula juridica and a recent personeria juridica at a bank such as BAC Credomatic, Banco Nacional or Banco de Costa Rica. Accounts are held in colones or US dollars, with in person onboarding under SUGEF supervision. There is no standalone local neobank for companies as of 17 March 2026. Verify terms with each provider.
Suits LLC and Corporations best
A local bank account for a registered sociedad anonima or sociedad de responsabilidad limitada
Typical monthly fee
Local bank handling fees vary by package and account type
Non resident position
A foreign owned company can hold an account, but it must be registered in Costa Rica with a legal representative for in person onboarding. Verify with the provider.
Providers that fit
The main local and regional banks for companies
Fees and features as of 17 March 2026Last reviewed 17 March 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Limited liability companies and corporations in Costa Rica, usually a sociedad de responsabilidad limitada or a sociedad anonima, open a business account once registered with the Registro Nacional and holding a cedula juridica and a recent personeria juridica. Banks such as BAC Credomatic, Banco Nacional and Banco de Costa Rica provide colon and US dollar accounts, cards, payroll and online banking, with in person onboarding and Know Your Client checks under SUGEF. As of 17 March 2026 there is no standalone local neobank for companies, so digital banking comes through the established banks. Confirm current terms and documents with each provider before applying.
What LLC and Corporations in Costa Rica need from a business account
A company needs an account in the entity name with clear authority for the legal representative and signatories, colon and US dollar handling, cards, payroll and online banking, and documentation that satisfies anti money laundering checks. Local banks provide all of this through packages that carry a fee. Compare the documents required, signatory controls, foreign currency handling and fees against your company structure, and have the cedula juridica, personeria juridica, bylaws and beneficial owner filing ready before applying.
B
BAC Credomatic
Regional bank with strong cards, payroll and online banking for companies. Holds colon and US dollar accounts, with package fees that vary by service.
Compare accounts for LLC and Corporations in Costa Rica
These providers accept LLC and Corporations in Costa Rica. Fees and eligibility shown as of 17 March 2026. Confirm current terms with the provider before applying.
Questions about banking for LLC and Corporations in Costa Rica
What does a company need to open a business account in Costa Rica?
A registered sociedad anonima or sociedad de responsabilidad limitada typically needs its cedula juridica, a recent personeria juridica, the deed of incorporation and bylaws, identification for the legal representative and shareholders, proof of address, and an income projection certified by a public accountant. Confirm the current list with the bank. This is general information, not advice.
Can a foreign owned company open an account in Costa Rica?
Yes, if the company is registered in Costa Rica. A foreign owned sociedad anonima or sociedad de responsabilidad limitada can hold an account, but it needs a legal representative who can complete in person onboarding, and beneficial owners are filed in the Registro de Transparencia y Beneficiarios Finales. Verify your situation with the bank, as of 17 March 2026.
Can a Costa Rican company hold US dollar accounts?
Yes. US dollar accounts are widely available alongside colon accounts at the main banks. Terms, fees and the documents required for a foreign currency account vary by bank, so confirm current terms before applying.
Is there a neobank for companies in Costa Rica?
As of 17 March 2026 there is no standalone local neobank built for companies. Most digital banking is delivered through the apps of established banks such as BAC Credomatic, Banco Nacional and Banco de Costa Rica. Verify current options with the provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 17 March 2026. Confirm current terms with the provider before applying.