Doing Business in
Costa Rica
One of the most investment friendly countries in the Americas.
Investing in Costa Rica?
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Doing business in Costa Rica is best done in the Green Park Foreign Trade Zone
For companies seeking to invest in Central America, doing business in Costa Rica is an excellent choice. Over the last several decades the Costa Rican government has taken measures that have made this nation of just under five million inhabitants fertile ground for foreign direct investment (FDI).
As a result of efforts to make doing business in Costa Rica attractive to foreign firms, the country has positioned itself as one of the leading homes in Latin America for companies in industries such as advanced manufacturing, aerospace, electronics, light manufacturing, medical devices, and pharmaceuticals. One of the main factors that make doing business in Costa Rica advantageous is that the country is home to a literate and trained workforce. With a 98% literacy rate, workers in Costa Rica are well prepared to engage in high precision and innovative manufacturing, as well as in high-quality services. Costa Rica earmarks 8% of its national budget for education with the goal of educating its citizens to hold positions of high technical skill requirements that are in high demand.
Doing business in Costa Rica enables firms to produce products for the global marketplace. Today the country’s industries export more than 4300 products to over 150 nations worldwide. The government of Costa Rica has been successful in transforming the country into a global export platform by entering into free trade agreements that
give Costa Rican products access to two billion potential customers as well as to 66% of the world’s GDP.
Within this context, companies that are interested in doing business in Costa Rica should take advantage of making their manufacturing investments at the Central American Group’s Green Park Free Trade Zone. Companies that operate at this ecologically sustainable facility must commit to making an investment of US$150,000 in fixed capital.
As a result of making or exceeding this financial threshold, companies that engage in activities such as the manufacturing, processing, maintaining and repairing, and distributing goods are eligible to receive an income tax exemption of 100% during the first eight years of operation. During the subsequent period of four years, firms meeting the specified criteria enjoy an income tax exemption of 50%. For the entirety of the life of the project tax exemptions are available for the importation of any fuels, oils, and lubricants required for the operation, as well as for all taxes on the importation or exportation of products used in manufacturing processes. This includes raw materials and machinery.
Firms that are that are interested in doing business in Costa Rica should contact the Central American Group by filling out the form at the foot of this page.
A sample list of active companies in Costa Rica
Automotive
AGM
(USA) 1995
Bridgestone
(Japan) 1967
Daewoo Bus
(S. Korea) 1995
Deshler Automotive Products
(USA) 2008
Firestone Industrial Products
(Japan) 2009
Hutchings Automotive Products
(USA) 2004
Innovative Components
(USA) 2005
Proquinal
(Colombia) 2004
Distribution
Q-Source
(USA) 2000
Future Electronics
(Canada) 2014
Thermofisher Scientific
(USA) 2011
VWR
(USA) 2013
Engineering & Repair
Teradyne
(USA) 2000
Ingram Micro
(USA) 2012
Medical and Biotech
Boston Scientific
(USA) 2004
Abbott Vascular
(USA) 2010
Medtronic
(USA) 2011
Baxter Healthcare
(USA) 1987
Essilor
(France) 2015
Bayer
(USA) 2012
Clean Tech
Aqua Imara (SN Power)
(Norway) 2009
Windpipe Corporation
(USA) 2012
Valu Shred
(Canada) 2012
EcoPlastic Solutions
(USA) 2014
Engineering, Design, Software
National Instruments
(USA) 2010
Twin Engines
(USA) 2006
Altanova
(USA) 2008
Avionyx
(USA) 2005
Emerson
(USA) 2008
Intel EDC
(USA) 2011
Intel Megalab
(USA) 2014
Intel R&D
(USA) 2015
Metal Work
Refameca
(Venezuela) 2012
UTITEC Inc.
(USA) 2005
Daniels Manufacturing
(USA) 1992
Indian Global Manufacturing
(India) 2014
Oberg Industries
(USA) 2002
Okay Industries
(USA) 2012
Olympic Machining
(USA) 1996
Techspray (ITW)
(USA) 1986
Consumer Electronics
Vitec / CPP
(UK) 1986
Matthews International
(USA) 2015
Noxtak
(Netherlands) 2015
Panasonic
(Japan) 1966
Saco International
(USA) 1995
Electronic Components
Samtec
(USA) 2006
Smiths Interconnect
(UK) 1997
Vishay 1989
(USA)
Controles de Corriente
(USA) 1997
Bourns / Trimpot
(USA) 1979
Electrotechnik
(USA) 2009
Huber+Suhner
(Switzerland) 2008
RDF Sensors Group
(USA) 2006
Semiconductors
Triquint/Qorvo
(USA) 1996
Contract Manufacturing
General Microcircuits
(USA) 2010
Micro Technologies
(USA) 1999
Irazu Electronics
(USA) 2001
Tico Electronics
(USA) 1995
Zollner Electronics
(Germany) 2013
Camtronics
(USA) 1992
ClamCleat
(UK) 2012
Electronics Assembly
Eaton
(USA) 1963
General Cable Corp
(USA) 1971
Havells Sylvania
(India) 1966
Telecommunications
L3 Communications
(USA) 2001
Panduit
(USA) 1994
Promitel
(Columbia) 2012
Suttle
(USA) 1989
GNFT
(Spain) 2011
What makes Costa Rica unique?
Little
Amazonas
Costa Rica’s Marvels of Fire
An Indigenous Legacy that is still a mystery
A Paradise for Divers
An Old Survival Ritual
Guayabo: A glance of Costa Rica’s indigenous past
Natural Touch
The canopy tour, originally from Costa Rica
Costa Rica a favorite country for surfing
A perfect whale’s tail
The secret to longevity is hidden in Costa Rica.
A volcano almost in a capital
Reach Business Success!
Interested in Costa Rica?
This whitepaper addresses:
- starting a business in Costa Rica;
- labor market regulations;
- trading across international borders;
- dealing with construction permits.
You can use this form on the side to download it.