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What is Factoring?

In Costa Rica, we offer Factoring, a financial product where the payment for an account receivable is advanced, and assigned to a natural or legal person which will be in charge of managing and collecting said document.

The concept of factoring is so broad that nowadays securities can be discounted; for example, invoices, letters of credit, promissory notes, contracts or any other document that supports a client’s account receivable.

What is the process?
  • Assignment

    The person that wishes to assign documents must complete the document discount process with us. In order to carry out this type of transaction, an assignment agreement must be signed in which the economic rights of said documents are transferred. This assignment agreement must be signed by both parties (the assignor and the factor).

    This process is supported by the Code of Commerce, article 491: “The assignment of a credit operation must be notified to the payor of the document and the assignment will not be effective until due notification.”

    There are recourse and non-recourse assignment agreements, with the following benefits for the assignor:


  • Improves activity indexes.
  • Reduction of administrative costs.
  • Competitive costs.
  • No liabilities for the assignor.
  • Cash flow planning.
  • Possibility to grow under the same structure.


  • A source of financing or increasing lines.
  • Cash flow planning.
  • Reduction of administrative costs.
  • Document discount.
  • Creates a credit history for the assignor.
  • Possibility to grow under the same structure.
  • A line of credit is opened with Desyfin.
  • The entity delivers the goods or service to the customer’s satisfaction (payor).
  • Invoices with the corresponding receipt are sent to be verified by Desyfin.
  • The assignment document is created with Desyfin, where both parts agree which invoices will be assigned.
  • The assignment is communicated to the payor so the payment is issued in favor of Financiera Desyfin.
  • When the transfer is received, the payment will be made in your favor for the amount of the invoices less interests collected in advance. The payment term will depend on each payor.
  • The payment for the invoices is received and the credit operation is cancelled.
  • Your payment will be made according to interests collected in advance and according to the date in which the payment was received from the payor, for interests of days not used, if applicable.

Requirements for Legal Persons:

  • Articles of incorporation (with shareholding)
  • Recent public utility bill (water, power or telephone).
  • Financial statements (two previous fiscal years and a recent fiscal year to date– not older than three months).
  • A copy of the company’s legal representative’s personal identification, legible and valid.

Requirements for Natural Persons:

  • A copy of your personal identification, legible and valid.
  • Recent public utility bill (water, power or telephone).
  • Employees: employer certification, and salary certificate.
  • Independent professionals: CPA income certification and six months of bank statements.