Doing Business in Costa Rica Is Difficult

Eight out of ten entrepreneurs claim that an excess of formalities and the high costs of formalization are the main difficulties they face when starting a business in the country.

Thursday, September 28, 2017

From a statement issued by theUccaep:

28 September 2017.  Setting up a business in Costa Rica and operating formally and under the protection of the law, is becoming more difficult for entrepreneurs. This was revealed by the Third Quarterly Business Survey "Pulso Empresarial", carried out by the Costa Rican Union of Chambers and Associations of the Private Business Sector (UCCAEP).

When asked "how difficult is it to start a new business in Costa Rica", 75% of those consulted said that it was difficult or very difficult to start a business; in addition, 65% stated that it was very costly to comply with the administrative requirements established to formalize it. 

In the view of Franco Arturo Pacheco, president of UCCAEP, this is further evidence of why the informal sector is so large in the country, since it represents 45% of the economically active population.

Read full release (in Spanish).



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From a press release issued by the Costa Rican Union of Chambers and Associations in the Private Business Sector (UCCAEP):

Most entrepreneurs, according to the latest data from the Survey "Business Pulse" by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP) indicate that in Costa Rica there are a number of constraints to the initiation of a new business in the country.

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