{"id":2908,"date":"2025-04-15T22:07:17","date_gmt":"2025-04-15T22:07:17","guid":{"rendered":"https:\/\/www.acrossborderslegal.com\/?p=2908"},"modified":"2025-04-15T22:09:57","modified_gmt":"2025-04-15T22:09:57","slug":"rtbf-in-costa-rica-what-you-need-to-know-about-the-2025-annual-declaration","status":"publish","type":"post","link":"https:\/\/www.acrossborderslegal.com\/es\/rtbf-in-costa-rica-what-you-need-to-know-about-the-2025-annual-declaration\/","title":{"rendered":"RTBF in Costa Rica: What You Need to Know About the 2025 Annual Declaration"},"content":{"rendered":"

The deadline to submit the annual declaration for the Transparency and Final Beneficiaries Register (RTBF)<\/strong> is fast approaching. This requirement, part of Costa Rica\u2019s ongoing efforts to increase financial transparency, must be fulfilled during April 2025<\/strong>.<\/p>\n\n\n\n

In this article, we\u2019ll walk you through what the RTBF is, recent changes to the process, who is required to file, and the potential consequences of non-compliance.<\/p>\n\n\n\n

What Is the RTBF?<\/strong><\/h3>\n\n\n\n

The Transparency and Final Beneficiaries Register (RTBF)<\/strong> is a platform managed by the Central Bank of Costa Rica<\/strong>. All legal entities must use it to disclose their ultimate beneficial owners<\/strong>\u2014the individuals who ultimately control or benefit from the company. This is a key measure used to combat money laundering, tax evasion, and other financial crimes<\/strong>.<\/p>\n\n\n\n

When Is the Deadline?<\/strong><\/h3>\n\n\n\n

After a series of regulatory reforms in 2024, the filing timeline was temporarily adjusted. However, for the 2025 fiscal period<\/strong>, the regular schedule resumes:<\/p>\n\n\n\n

Deadline:<\/strong> April 1\u201330, 2025
Requirement:<\/strong> Annual submission of the ordinary declaration<\/p>\n\n\n\n

Key Updates for 2025<\/strong><\/h3>\n\n\n\n

Reforms to the RTBF regulation and new administrative resolutions issued in 2024 brought important changes:<\/p>\n\n\n\n

1. Legal Representation Requirements<\/strong><\/h4>\n\n\n\n

Currently, only the company\u2019s legal representative<\/strong> can submit the declaration. In limited cases, a general power of attorney<\/strong> holder is allowed.<\/p>\n\n\n\n

However, for the 2025 declaration, submission via special powers of attorney<\/strong> is still permitted, thanks to a precautionary legal measure that remains in effect. This may change in the future, so staying informed is crucial.<\/p>\n\n\n\n

2. Documentation and Due Diligence<\/strong><\/h4>\n\n\n\n

New requirements have strengthened the need for supporting documentation<\/strong> and beneficial ownership verification<\/strong>. If your company has had changes in ownership or control, these must be reported and updated accordingly.<\/p>\n\n\n\n

At Across Borders Legal<\/strong>, we conduct a thorough review of each client\u2019s filing history. Even if your company has not had any changes, we will inform you if updated documentation is needed to comply with the revised rules.<\/p>\n\n\n\n

What If You Don\u2019t File?<\/strong><\/h3>\n\n\n\n

Failing to submit the RTBF declaration can result in serious consequences, including:<\/p>\n\n\n\n

Financial Penalties<\/strong><\/h4>\n\n\n\n