The United States recognizes the strength of the foreign investment option in Costa Rica
The United States Department recently published a report recognizing Costa Rica’s success in maintaining an attractive environment for multinational companies.
Operations of the ferry between El Salvador and Costa Rica are set to begin
The ferry between El Salvador and Costa Rica will begin operations on August 10, 2023, as confirmed recently by Blue Wave Corporation, the company that will operate the new maritime transport service.
Technological development in Costa Rica: a current perspective
Technological development in Costa Rica is crucial to its economic growth and plays a significant role in shaping the country’s progress and competitiveness in the global market.
Close to four hundred companies are already authorized to issue electronic invoices in El Salvador
According to El Salvador’s Chamber of Commerce president, adopting electronic invoices in El Salvador is a gradual process that could take up to 3 years to complete
Costa Rica establishes itself as a magnet for foreign investment in Central America
Costa Rica established itself as Central America’s primary recipient of foreign investment. The country has reached the highest flow in the region for three consecutive years. This is according to the annual report entitled Foreign Direct Investment in Latin America and the Caribbean 2023.
What are the incentives for the technology industry in El Salvador?
This past April, El Salvador passed legislation that promises to give tax incentives for 15 years to new investments in programming, software, computer services, and drone parts, among other related industries.
Diverse activities will drive economic growth in Costa Rica in 2023 and 2024
The Central Bank raised its growth projection for the country’s economy for this year from 2.7% to 3.3% and from 3.5% to 3.6% for 2024.
In recent years the Central American Bank for Economic Integration has approved up to $4.6 billion in loans to El Salvador
CABEI’s primary objective is to contribute to its member countries’ economic and social development, including Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama.
Trends in nearshoring and friendshoring in Costa Rica
Concerted and complementary efforts between government authorities, legislators, and the private sector will ensure Costa Rica will move forward to take advantage of international trends in Nearshoring and Friendshoring.
Deputies to replace PROESA with INVEST to promote investments in El Salvador
The Economic Commission of the Salvadoran Legislative Assembly deputies issued a favorable opinion on June 5, 2023. They resolved to draft the Law for the Creation of the Agency for the Promotion of Investments and Exports of El Salvador (INVEST).
The Central Bank of Costa Rica projects record foreign investment in 2023
Most of the resources are directed to reinvestments of companies currently operating in Costa Rica under the Free Zone Regime
Business Etiquette in Costa Rica: The Basics
. Tourism has long been one of the country’s leading industries. For this reason, the nation’s citizens are used to welcoming strangers. They are very kind to the people who visit their country.