Requirements

Individuals:

• Know your client (Conozca a su cliente) form completed and signed
• Copy of identification document: for nationals, copy of identity card; for foreigners, copy of passport’s personal information pages; and for resident aliens, copy of identity documents previously accepted by the General Directorate of Immigration and Foreigner, as well as diplomatic identity documents issued by the Ministry of Foreign Affairs of Costa Rica
• Letter of instructions with the client’s signature, this is necessary in case the disbursement of money is processed immediately.
• Summary of fees with client’s signature
• Trust agreement with client’s signature
• Information supporting the source of funds (originating from public or private entities, by means of an employer’s order or income certification issued by a CPA (Certified Public Accountant), salary statement, and financial statements also certified by a CPA.
• Utility bill as confirmation of current address

Corporations

• Know your client (Conozca a su cliente) form completed and signed
• Copy of the legal representative’s identity document (in this case the identity card, residence card and/or passport for foreigners without domicile in the country is valid).
• Copy of the identification of the real beneficiaries (in this case the identity card, residence card and/or passport for foreigners without domicile in the country is valid).
• Certification of legal capacity in which the terms of conformation of the company and the position of each of the members of the board of directors are indicated. This certification supports the authorization granted to the legal representative.
• Certification issued by a notary public with view in the book of shareholders (this is valid in the case of national legal entities), which specifies: the current identification document number, name and percentage of participation of shareholders with 10% or more of the client’s shares, or of the shareholder with the highest participation in the company, even when it does not have more than the percentage mentioned above.
• For legal entities residing abroad, the equivalent documents duly apostilled or issued by the respective Consulate must be submitted.
• Letter of instructions with the signature of the client, this is necessary in case the disbursement of money is to be processed immediately.
• Summary of fees with the client’s signature
• Trust agreement with the signature of the client
• Document authorizing third parties (signed by owner and authorized person)
• Information supporting the source of funds (originating from public or private entities, by means of an employer’s order or income certification issued by a CPA (Certified Public Accountant), salary statement, and financial statements also certified by a CPA)
• Utility bill as confirmation of current address.
• In case of stock trusts, the legal books of the company and the shares endorsed to Santus Fiduciaria are additionally requested.