Starting a business in Costa Rica
Plan Basics
Overview
Purchasing Products
All Amway Business Owners purchase products directly from Amway.
Bonus Payment
Bonuses will be paid directly to all Amway Business Owners (ABO) who have earned the bonus. Bonus payments will be paid by electronic transfer to the account holder’s business. Beginning January 1, 2009, an ABO must generate 150 personal points in a month in order to receive a bonus. This applies to any bonuses (personal, group differential, leadership, etc.). This new requirement is a monthly requirement meaning that an ABO must generate 150 personal points every month that he is receiving a bonus to be eligible to keep it. This requirement has been waived for Foreign ABOs with a Number two business in Latin America. The assumption is that these ABOs are fulfilling requirements in their Home Market.
PV/BV Transfers
PV/BV transfers are not available.
Single Line Of Sponsorship
Amway Latin America is integrated by 12 affiliates:
Argentina
Brazil
Colombia
Costa Rica
Chile
El Salvador
Honduras
Guatemala
Mexico
Panama
Uruguay
Venezuela
As of September 2007, Latin America began operating as a Consolidated Line of Sponsorship (consolidated market) where Amway Business Owners (ABOs) are able to personally sponsor from and to any market within the Latin America Region without the need to establish as second business. The consolidation of the Latin American line of sponsorship means very important opportunities for ABOs. Some of the benefits are:
– Cross border sponsoring allows for personal sponsoring in all markets
– ABOs can place orders in any market different from their home country, only to be shipped to local addresses within the affiliate where the order is placed
– Combined volume from all markets allows an ABO to reach the 21% level more quickly
– Regional Business Kit
– Regional SIP Program
– Regional Bonus Statement
Performance Schedule
PV Performance Bonus
10000 21%
7000 18%
4000 15%
1,800 12%
600 9%
Retail Margin
The average retail margin for this market is 30%.
how to start
Starter Kit Purchasing
In order to buy a Business Starter Kit and become a new Amway Business Owner (ABO), the prospect must be at least 18 years age and contact an Amway Business Owner for purchase of the Starter Business Kit. The new ABO must complete, sign, submit the Registration form (original) and send original paperwork it to the Amway Office. The contract must be in the Amway Customer Service office before reaching 90 days auspices.
This process can also be completed using the Internet site www.amway.co.cr where the applicant, together with the sponsor, completes the Registration Form. The new Amway Business owner is registered at that moment and he/she can buy products on-line. The Business Starter Kit will be automatically included in the order. The Registration Form must be printed and signed by the applicant and submitted to Amway de Costa Rica within the first 90 days.
Cost of Starter Kit
$19,00 (including VAT)
Sponsoring
In order to register a new Amway Business Owner (ABO), the sponsoring ABO must ensure that all ABOs registered are provided with an official Amway Business Starter Kit (without substitution or alteration of the contents) and the ABO Contracts are completed, signed and submitted to Amway Costa Rica.
Business / Distributor Types
In addition to the Amway Business Owners, Amway Latin America established two additional alternatives to have access to the Amway Products and Services called Associate and Client.
An Associate is able to buy Products directly from Amway de Costa Rica at Distributor cost and resale them. Associates can not sponsor and bonuses are not received.
To become an Associate the person can be register by internet, the 4000-1892 number or in Amway’s Customer Service. He/she has to complete an application which requires basic information, an associate must be referred by a known ABO otherwise this person must be registered as a client. The cost to become an Associate is of $19 USD this cost covers a Product Catalog and special communications for a fiscal year (September – august).
A sponsor is required to sign in as an Associate and the person can choose if he/she wants to be contacted by the sponsor. Legal entities can not become Associates.
A Client is able to buy Products directly from Amway Costa Rica at a retail price and can be able to obtain a discount according to the amount purchased. Clients can not sponsor and bonuses are not received.
To become a Client the person can be registered by internet, the 800 number or in the Amway Shop by providing their name, telephone number, e-mail address, name of the ABO who is registering him/she, in case the person has not been refer and does not an Amway Business Owner, Amway will assign one based on a data base of retailers of the affiliate. There is not cost to become a client.
A sponsor is required to be register as a client and the person can choose if he/she wants to be contacted by the sponsor. Legal entities can become clients.
Establish a Second Business
Amway Business Owner Registration Requirements
Please check the following website for visa information:
Please check the following website for information on taxpayer registry:
ABOs are required to have a completed D-140 form
Visa Requirements
Please check the following website for visa requirements and information:
A taxpayer number must be used on the application. A passport number is not sufficient.
It is not necessary to have citizenship to start a second business.
Formation and Registration of Your Business
Any foreign ABO can have a business in Costa Rica as an International Sponsor (as outlined in the Business Reference Guide) or as a Local Sponsor.
As in other countries, it is necessary to define the kind of ABO business is desired:
A Single Person ABO (we recommend this option)
Single Person ABO
Purchase a local starter kit, to be sponsored (payment in local currency)
As with your primary business, your second business must be renewed each year with the affiliate.
Required Documents for Registration
Please check the following website for visa information:
Please check the following websites for information on taxpayer registry (CPF):
For natural persons:
dgt.hacienda.go.cr
For legal persons:
dgt.hacienda.go.cr
Cost and Bonus Payment
Bonus Payment
The ABO needs to open an account in the National Bank of Costa Rica.
Requirements:
1.Photocopies of passport or bond (certificate) or residence.
2.Receipt of Water, Light or Telephone of algun domicile in Costa Rica.
3.Certification of Income.
4.Letter directed to the bank of the purpose for opening an account (bill).
5.A Remittance request letter for Amway and an authorization to Amway to deduct a broker’s fee from the total payment. The cost is approximately US$30.00 per operation paid by the ABO. Amway will provide the necessary document to release the remittance.
Customer Service:
Angélica Calvo
Email: angelica.calvo@amway.com
how to order
Ordering
ABOs, Associates and Clients can order Amway products from Amway Costa Rica by:
– Order Entry
– 00-AMWAYCR (4000-1892)
Following the next steps:
– your ABO, Associate or Client Number to place an order.
– Confirm that the code number of the Products is correct when you are ordering; you can verify this number in the price list.
– Have handy the address where you wish Amway Costa Rica to deliver your order. This address has to be within the country of Costa Rica.
Hours of Operation:
9:00 am to 7:00 pm
Monday through Friday
9:00 am to 3:00 pm. Amway Shop
9:00 am to 1:00 pm. Customer Services
Saturday
Internet Orders
You can also order products through our web site: www.amway.co.cr
Amway Shops
Plaza Itskazu, Local 133 B. Carretera Santa Ana- San José
Tel. (506) 25064400
9:00 am to 7:00 pm. Monday through Friday
9:00 am to 3:00 pm. Saturday
Payment Methods
Order Entry and Internet Orders
– Credit Card (Master, Visa)
– Debit Card
Amway Shops
– Credit Card (Master, Visa)
– Debit Card
– Cash
Returns/Refunds
Starter Kit returns will be accepted 90 days from date of application submission depending on contents of returned Starter Kit.
Amway Business Owners must provide the invoice with the product to be Returned. An Amway employee will complete a form (SA-113 CR) listing the reason for return. A credit charge is completed and this can be used for the purchase of products.
If a return is due to overstock of product or any other reason with the exception of dissatisfaction, a 10% Administrative Charge will be subtracted from the total amount of the refund.
how to manage
Access Information
– In person – at the offices through a Customer Service pr Distributor –Relations Representative
– By phone – (506) 25064400
– By e-mail: angelica.calvo@amway.com
– Receive Bonus Payment
Beginning January 1, 2009, an ABO must generate 150 personal points in a month in order to receive a bonus. This applies to any bonuses (personal, group differential, leadership, etc.). This new requirement is a monthly requirement meaning that an ABO must generate 150 personal points every month that he is receiving a bonus to be eligible to keep it.
This requirement has been waived for Foreign ABOs with a Number two business in Latin America. The assumption is that these ABOs are fulfilling requirements in their Home Market.
ABOs, who have earned a bonus, may receive the payment via bank, electronic transfers by registering the bank account.
The ABO must send a data modification informing their bank account number data:
– Bank
– Branch
– Account Type
– Account Number
The bank account and the titular account name has to be the Amway Business Owner’s name.
Also the ABO can choose that all the bonus payments earnings will stay in A/R forward so that amount can be use for future purchases.
Renew
All ABOs need to renew their Contract.
An ABO’s initial contract year terminates on December 31, if it is signed prior to August 31, or on December 31 of the next year if the ABO Contract is signed after August 31. The renewal fee and procedures are published yearly in Amway Publications.
Renewal Methods
– Amway Shops
– Order Entry
– Internet web site: www.amway.co.cr
Payment Methods
– Credit Card
– Bank Transfer
– Cash (Only in Amway Shops)
contact
Ventas Directas Amway Costa Rica S.A.
Plaza Itskatzu, Local 133 B
Carretera Santa
Costa Rica
Phone: 506-2506 4400
Fax: 506-2506 4402
www.amway.co.cr (Public & Distributor Website)
Jorge_Robles@amway.com (Email)
Opened February 1996