Free Zone in Limón, Costa Rica, Moves Forward

Construction of the Limon Free Zone, located close to the Búfalo locality, will start in October.

Wednesday, September 22, 2010

Its infrastructure will be developed by Guanazul JRV S.A., explained Marcela Brooks, legal head at Costa Rica’s exports promotion authority (Procomer).

“This corporation is negotiating with foreign companies looking to operate under the free zone regime, although Brooks didn’t revealed any names”, reported The zone will be able to hold 12 manufacturing companies.

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Balance of Free Zones in Costa Rica

October 2011

The Foreign Trade Promoter has revealed in a study the benefits that free trade zones contribute to the country, including the 58 thousand jobs that pay 60% above the average private sector salary.

From a press release by PROCOMER:

A study by PROCOMER reveals the benefits of free zones in Costa Rica:

El Salvador: Free Zone Generates Benefits

May 2011

A private report has analyzed the contribution of the scheme to economic activity.

80 000 direct jobs and more than 2230 thousand dollars in products exported in 2010 are some of the results achieved by companies operating under the free zone system and active improvement scheme in El Salvador.

Costa Rica: Free Zones to Start Using TICA

February 2010

The first zones to use the TICA system (Customs Control Information Technology) will be those using the Santamaría customs office.

Located at International Airport Juan Santamaría, this customs office handles 75% of all commercial transactions originated at Free Zones.

“The remaining zones will be included in the system by the end of April, stated Desiderio Soto, director of the Customs Authority”, reported

Costa Rica Promotes Investment in Turrialba

January 2010

The local municipality seeks to attract more international companies, by offering new tax benefits included in the recently modified Free Zone Law.

Turrialba is also betting on more than 11.000 square meters of industrial infrastructure available at its industrial park, and its highways leading to the ports in Limón.

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