More and More Free Zones in NicaraguaWith a record $2.207 billion in exports last year in 2012, the nation aims to continue growing its free zone regime, both in terms of the number of companies and volume of exports.Wednesday, February 13, 2013
Beyond having obtained these successful figures, the aim is to attract more businesses and diversify economic activities. Within these objectives, the installation of the U.S. textile company, Millknit Industries, has already been announced with an initial investment of approximately $25 million. Source: laprensa.com.ni ¿Busca soluciones de inteligencia comercial para su empresa?Latin American Congress on Free ZonesMarch 2016 From September 27 to 29 Costa Rica will be hosting an event which brings together representatives from companies and free zones in Latin America and other continents. Nicaragua: State of the Free Trade Zone RegimeDecember 2015 173 companies operating in 48 industrial parks using the free zone format, in three years increased the total number of square meters used by 33%. Guatemala: Incentives for Free Zones ExpireJanuary 2015 The business sector is demanding that the government take action to minimize the impact of the expiry at the end of the year of tax incentives granted to foreign firms in free zones.
Costa Rica Doesn’t Attract Investment Outside GAMSeptember 2012 Although tax incentives have been granted by the government, a lack of good telecommunication services and public infrastructure deters investors from setting up in less developed areas.
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