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


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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.

It is estimated that the country will received over $2 billion in foreign direct investment in 2008.



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Costa Rica Doesn’t Attract Investment Outside GAM

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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.

In 2010 reforms were introduced to the FTZ Act for the purpose of complying with the terms set by the World Trade Organization (WTO).

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Entrepreneurs, unions and the government have agreed to maintain the lowest wages on the isthmus and attract companies to Free Trade zones.

Thus far in 2009, several free trade zone companies, such as Dasol Textiles and Premier Textiles, have shut down operations in the country.

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