Investment Incentives in Costa Rica

Different areas of the country are offering benefits such as tax exemptions and assistance in getting patents and permits.

Thursday, March 4, 2010

The municipalities of San Carlos, Pococí, Liberia, Grecia and Central de Puntarenas are developing different plans to attract domestic or foreign investors.

“They are offering varied benefits, from tax exemptions when companies invest in development, to less requirements for permits and patents”, reported Nacion.com. “These 5 municipalities also promote their skilled labor”.



More on this topic

El Salvador: Veto of Free Zone Law Reform

September 2019

Nayib Bukele returned to the Legislative Assembly the reform to the law of Free Zones that granted tax benefits for an additional period of 10 years to companies in the country to increase their investment in 100% with respect to the initially made.

On August 29, 2019, the Assembly informed that the Legislative Plenum endorsed the reform to the Law of Industrial and Commercial Free Zones, establishing that the users of these zones would have a term of 10 additional years (before there were five) to continue enjoying total exemption from taxes, which would be applicable once the period established for the regular enjoyment of this benefit expired.

No Changes to be Made to Costa Rica's Free Zones

July 2015

Once again the Presidency has spoken out to calm investors denying the insinuations of a Deputy Minister related to opening up the discussion on the free trade zone regime.

According to an article in Crhoy.com, the Deputy Minister of Labour, Harold Villegas, mentioned in the framework of the International Forum of Social Solidarity Economy that "as a society we should discuss the activities that should or should not be tax-free and although free zones functioned well in a moment of history, it's time to move towards a system of greater tax justice and for a more open discussion to take place. "

Free Zones an Attractive Option for Chiriqui

April 2012

More businessmen are considering setting up in industrial zones in the Panamanian province, where with an investment of $250,000 and two hectares of land they can install themselves in a free zone.

Law 32 of 5th April 2009 allows holders of an area of two hectares, plus an investment of $250,000, to establish free trade zones, which, according to several businesses, is a good option for a province under development, reports Prensa.com.

Tax Exemptions to be Replaced with Incentives

February 2012

In Guatemala, in order to meet WTO requirements, exemptions will be eliminated gradually, and instead economic benefits will be awarded.

The exemptions are to be applied to sectors such as maquila industry, through Law 29-89, and the Free Zones Act.

"In order to meet a requirement of the WTO, the exemptions will be eliminated gradually, but economic benefits will be granted in order to keep the country attractive for investments", said Pavel Centeno, Minister of Finance.

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