Costa Rica: Private Security Grows Octopus Style

Limits to the number of contracted officers and other legal conditions are forcing large security companies to create smaller subsidiaries dedicated to providing services in specific areas.

Monday, September 22, 2014

So far this year 145 new security companies have registered with the Ministry of Public Security, about the same number of new businesses created during 2013, when there were 150. Including those who came into the market this year the total number of companies authorized to provide private security services in the country is 1,539.

"... The creation of small firms engaged in watching over a specific place, the limits on the number of officers and weapons, the opening of various service companies and the hiring of firms that are in compliance with the law, are the factors driving this growth. "

Allan Guillen, vice president of the Costa Rican Association of Security Companies (ACES), told that "... more and more companies are considered "localized", ie, they are concentrated in one place."

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