Your commercial and/or personal operations in Costa Rica will always require the management of Money and in order to properly execute your businesses, you will not only need agile transfer and custody channels, but also a responsible and highly professional company that is run and administered by trustworthy people.
GLOBAL ESCROW SERVICES, S.A. – a company which is part of the “Global Legal Advisors” Group – is responsible for providing you with the temporary custody and administration of funds service which will allow you to maintain a management account that does not just limit to the reception and payment of specific operations.
Our escrow services provide you with an instrument by which – in accordance with your instructions – GLOBAL ESCROW SERVICES will receive, safe keep and maintain, for as long as you want to, the money that you decide to use in our country.
The escrow service that GES offers does not just limit itself to a single transaction (such as for example, the purchase of a property and the payment of the related closing costs). You keep the amount of money you wish to, under our supervision, towards the payment of any and all legal obligations that you might have with a third party (taxes, insurance, services, etc). You may also receive payments that pertain to any legal obligation that any third party might have with you.
GES´s escrow services do not have a limitation of amount or time, so whenever you wish to cancel the related escrow agreement you may do so. In this case, your money will be returned to you immediately since it will always remain in an “in sight” account, in the same currency you sent it and within a first order bank: SCOTIABANK.
If you wish to see our wire transfer instructions, please click here.
SERVICES´ DESCRIPTION:
GES offers you the following related services:
- Temporary custody of funds in US dollars and/or costarican Colones in accounts issued to the name of GLOBAL ESCROW SERVICES S.A. by a first order bank.
- Shortly you will also have the option of keeping your funds in Euros.
- We execute the Capital Legitimacy that is required by the applicable laws and the Financial Entities General Superintendence of Costa Rica.
- We immediately execute the payments that you, or the person you authorize, request from us.
- We certify the existence of available funds for whatever legal purpose you may require.
- You will receive, via e mail, as many balance statements as you need.
- You can request the return of the balance of your escrow account at any time, in which case GES will transfer the funds according to your instructions and to most first order banks in the world.
¿WHAT DO YOU NEED TO OPEN AN ESCROW ACCOUNT WITH G.E.S.?
1.- First and foremost, the Financial Entities General Superintendence of Costa Rica (SUGEF) require us to issue a disclaimer explaining the limits under which it is assuming this service’s operation.
2.- You should register with us and fill out TWO registration forms: The first one is the “Escrow Agreement”; the second one is the “Know Your Client” (KYC) that SUGEF requires us to provide them with.
3.- The steps are very easy, click here to fill up the form: