Investing in Costa Rica
the colon
Dubbed as the” Silicon Valley of Latin America” Costa Rica has become in the last five years more appealing due to its investment-friendly climate and government policies on attracting foreign investors. With world-wide economy at a downfall especially the U.S. commercial leaders like, Microsoft, GE, Abbot Laboratories, Continental Airways and Intel Corporation continual to make sizable investments there with their production and distribution facilities. Years ago Western Union chose Costa Rica to host its Latin American regional operations center.
Costa Rica in the last 40 years remains one of the safest and most attractive countries in the whole world. The government, its ministries and banking and lending institutions have always maintained pro-U.S. in regards to financial security and tax laws. This acknowledge aim has spearheaded many high-tech corporations, franchised companies (McDonalds, Outback Steak House, Home Depot and Office Depot) and real estate (REMAX, Century 21) firms to take advantage of Costa Rica’s educated, computer literate, low labor rates, and disciplined workforce. Over 90% of Ricans are literate and it is fairly easy to open a business and work in Costa Rica. With that said, Costa Rica is vastly becoming a modern production infrastructure country. For a country whose economy had always been dependence on coffee, bananas and cattle now is slowly becoming depended on the manufacturing of microprocessor production (ranked 5th in the world), outsourcing, high-tech telecommunications services and the thriving eco-friendly tourism industry. In 2000 Costa Rica earned more from high technology exports than from coffee or bananas. The eco-tourism industry now ranks #4 in their overall GNP.
Loading ...