Costa Rica Defines Which Sectors Will Benefit from Free Zone Bill

Authorities published which sectors will benefit from the regulation passed on January 2010.

Tuesday, November 16, 2010

These include companies employing at least 200 people, those who devote at least 0, 5% of its sales on research and development in local operation, those certified ISO 14000, LEED or equivalent at its plant in Costa Rica or connected with cutting-edge industries in various fields.

This was agreed on Friday at the meeting held by the Special Commission established by law to define these sectors.

More on this topic

El Salvador: New Law on Free Zones Delayed

August 2011

There is a growing demand for textiles and clothes manufacturing, but a new Law on Free Zones is needed in order to bring fresh investments to this sector.

The World Trade Organization (WTO) has determined, after two extensions, the country should, in 2015, replace the law that has been in force since 1998, which grants tax benefits such as a total and permanent exemption from taxes, among others.

Free Trade Zone Reform in Guatemala

August 2010

If proposed reforms are approved, the country should find it easier to attract foreign investment.

The reform to the Free Trade Zone law is expected to be approved by the end of the year, stated congressman Mariano Rayo.

"This initiative seeks to create conditions favorable to encouraging investment.

Guatemalan Free Zones Press for Law

March 2010

The Free Zone Association is putting pressure on Congress to pass the bill that will regulate the sector’s activities.

This legislation would authorize Free Zone companies to sell their products to Guatemalan companies.

The association also requested the Tax Authority (SAT), to reverse a ruling which prevents them from selling some products inside Guatemala, explained

Costa Rican President Signs Free Zone Law

January 2010

President Oscar Arias signed a law modifying the Free Zone regime in Costa Rica.

The bill was introduced by the Executive on April 2009, and was finally passed on December 17th by the Legislative Assembly.

This law "... intends to attract investment, foster productive chains with local companies and incentive companies to invest outside the Expanded Greater Metropolitan Area, which was specially defined for this law", reported

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