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).

More on this topic

Business Confidence Remains Stagnant

August 2018

In Costa Rica, the private sector is recommending that the Alvarado administration implement effective measures to reactivate the national economy and a plan to recover the country's competitiveness.

Entrepreneurs are not very optimistic about the development of their businesses in the coming months, since when comparing the business confidence indicator of today (6.2) with that of a year ago (6.4) it can be seen that it is at the same level as twelve months ago.

Costa Rica: Bureaucracy and Entrepreneurship

March 2013

Employers point to the thick web of paperwork that must be traversed in Costa Rica if you want to start a new business.

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.

Businessmen Concerns in Costa Rica

December 2010

The slow opening of the telecommunications market and the exchange rate are key factors in the decline in business confidence over the previous quarter.

• Perception and business confidence down for the second consecutive semester
• UCCAEP urges a national agenda to boost productive activities

Confidence of Central American Entrepreneurs Drops

March 2009

Given the current economic climate, distrust and pessimism has taken over Central American Business.

El Salvador published on its website: "While there are very particular circumstances in each country, a very promising future is not foreseen. One of the things that hinder economic development is the decline in credit and sales which has resulted in job losses.

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