The Costa Rican Ministry of Commerce (Comex) expedites free zone reforms

Comex is negotiating at the political level so that the free zone reform project can be send to the Legislative Assembly in December.

Tuesday, October 21, 2008

The initiative will modify incentives to companies that setup up in Costa Rica under this system, in order to have incentives that are in accordance with the regulations of the World Trade Organization (WTO).
In general, the plan will provide tax exemptions, especially tax on profits, for those companies that set up in relatively less developed areas.

More on this topic

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. "

Costa Rica: Municipal Taxes for Free Zones

May 2014

The Constitutional Court is examining an appeal by a mayor against the exemptions from municipal taxes for companies operating under the free zone regime.

The constitutional motion filed seeks to eliminate Article 20 of the Law on Free Zones, which exempt from tax capital net assets, property and land transfer fees for a period of ten years from the commencement of operations.

Free Trade Zones in Costa Rica: 5% Tax

April 2009

With the reform to the Law on Free Zones, the country is adapting its legislation to WTO rules.

On Tuesday, the Executive Branch presented draft amendments of the Law on the Free Trade Zone Regimen (7210), which amends five items in the current law, to the Legislative Assembly.

Costa Rica will give priority to reforming free zones

January 2009

During the first quarter, the Ministry of Foreign Trade (Comex) will send the bill to the Assembly in hopes of getting it passed during the first quarter of the year.

According to nacion.com, "the objective is to guarantee that companies remain in the country, to encourage them to reinvest and to have a clear legal framework to attract new companies.

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