20 new companies in Costa Rica free zones in 2009
The Foreign Trade Promoter indicated that there are at least 20 companies in process to operate in the country in 2009.
Tuesday, December 23, 2008
The entity reported that in 2008 25 new companies were established in the free zones, at a total investment of $32 million. 17 of these companies were service-oriented, while the rest are dedicated to manufacturing exports products.
Regulatory reforms seek to eliminate paperwork and facilitate partnership with local companies.
Vice president Rosario Murillo gave details on 10 new projects to be executed in the next six months for free zones dedicated to different productive activities.
Although tax incentives have been granted by the government, a lack of good telecommunication services and public infrastructure deters investors from setting up in less developed areas.
Entrepreneurs, unions and the government have agreed to maintain the lowest wages on the isthmus and attract companies to Free Trade zones.
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