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.

Source: sigloxxi.com

More on this topic

New Free Trade Zones Announced in Nicaragua

January 2017

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.

The 10 projects announced are:

1- Call Center in Managua DMF, 102 direct jobs, 2.7 million investment. 

Costa Rica Doesn’t Attract Investment Outside GAM

September 2012

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).

Nicaragua: Multi-Sectoral Agreement to Attract Investment

March 2009

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.

Free Zone regime improves in Costa Rica

September 2008

Regulatory reforms seek to eliminate paperwork and facilitate partnership with local companies.

One of the most important changes in the new decree will allow companies that are under the incentives system to outsource 50% of their operations in the country and not just 25% was the norm until now.