Indian Software Company Sets Up in Costa Rica

The information technology company UST Global has started operating in the Green Valley Business Park.

Wednesday, March 26, 2014

In the second quarter of the year the company will begin construction of a building measuring at least 5,000 square feet that will house 250 employees initially, with hopes of doubling this figure in the next 2 years.

As announced in January, "Gaurav Agarwal, Deputy Chief Financial Officer of the firm and John Gustafson, President of the Latin American Division, said that provisional operations by UST Global in the country started during the first quarter of 2014."

"In the second quarter, the company will begin construction of a building measuring at least 5,000 square meters in more than 2 acres in Green Valley."

More on this topic

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October 2020

Because of the economic crisis, Foreign Direct Investment flows have practically vanished, and in order to attract the few investments that are projected for next year, countries are expected to compete by offering incentives and aid programs for businesses.

The covid-19 outbreak dissipated the investment intentions of companies globally.

More Foreign Investment in Technology

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Eurofins Scientific has announced the opening of a technology center in Costa Rica, from where it will support IT operations for the North and South of the continent of America.

From a statement issued by the Cinde:

San José, Costa Rica, June 13, 2018. Eurofins Scientific, global leader in bio analysis, inaugurated its new technology center in Costa Rica and plans to hire more than 50 Costa Ricans with knowledge in information technology, IT infrastructure, data centers and IT operations, as well as application development, computer architecture, design and support.

Costa Rica Still Attracting Service Centers

March 2015

There has been an increase and there are now 122 international companies which have invested in the operation of 140 shared services in different categories.

Currently the export of computer services, management and other business functions make up 5.8% of Costa Rica's Gross Domestic Product (GDP).

CINDE: Investment Promoter in Costa Rica

September 2014

In light of questions raised about a private organization receiving state funding, the CINDE wishes to demonstrate its position and the concrete results of its stewardship in attracting foreign investment.

From a statement issued by the Costa Rican Coalition for Development Initiatives (CINDE):

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