Land for Sale in Costa Rica Free Trade Zone

The Foreign Trade Promotion Office has put on sale a plot of land measuring 64 thousand square meters in the town of Liverpool, Province of Limon, suitable for Free Zone development.

Tuesday, October 30, 2012

The sale value of the land is $1.4 million according to information supplied by Procomer.

The institution purchased the land when one of its responsibilities was to manage development in the zones, a situation which has changed since the law was amended.

"The mission is not to build Procomer zones, but rather to encourage, promote and administer the free zone regime. Pursuant to the Law on the Free Zones Law No. 7210 of November 23, 1990, the free zone parks should be developed by private companies", said Jorge Sequeira, general manager of the entity.

"He added that no land is not being used and in order to avoid incurring maintenance costs and for safety reasons, the decision was taken to sell them.

More on this topic

Streamlined Processes for Free Zones

February 2013

A new system for entering free zones in Costa Rica aims to streamline procedures for users by avoiding mistakes and the return of documents.

A press release issued by the Foreign Trade Promotion Office of Costa Rica (PROCOMER) reads:

In order to streamline and modernize the filing of the applications for entry to free trade zones, the Foreign Trade Promotion Office of Costa Rica (PROCOMER) has launched a new system, which aims to provide users with a simpler way for submitting the paperwork, avoiding mistakes and the return of documents.

Changes to Law on Land Sales Colon Free Zone

October 2012

President Martinelli has suspended the sale of plots in the Colon Free Zone, and announced increases in rents and changes to the much resisted law 72.

After suspending the sale of land in the Colon Free Zone and noting that if the people in Colon do not want it to be sold, the plots will not be sold, the government of Panama announced that the law will be modified so that the income produced from these areas – be it from future sales or rents -will go entirely to the province, rather than the 35% that had been planned.

Agreement on Land Prices in Colon Free Zone

October 2012

After having reached an agreement on prices with the users of the CFZ, the government of Panama introduced in the National Assembly the Colon Free Zone bill. reports that "After several months of negotiations between the administration of the Colon Free Zone and users, a consensus was reached as to the value of the land according to the appraisals."

Free Ports Buy More "Local"

June 2009

To lower the costs of their supplies, businesses in the Free Port zones of Costa Rica are expanding the productive chain to include local suppliers.

Nor the uncertainty of the status of the Free Port Zone Law, which is stuck in Congress, nor the impact of the global crisis that has caused exports at Costa Rican free port zones to fall 16% in the first quarter of 2009 have reduced the determination of these businesses.

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