Investing In Costa Rica
One of the fastest developing economies in the world, Costa Rica is undoubtedly amongst the safest destination for foreign investments. A decidedly pro-US and pro-European economic stance has been adopted by the Costa Rican government involving its ministries and the various financial institutions in regards the taxation norms and financial security. This is attracting a host of foreign investment in Costa Rica. As a matter of fact, one of the prime aims of the Costa Rican government in its recently adopted seven year plan is the boom of high tech industry in the country. With that in mind, the country is adopting policies so as to entice investments in primarily this high tech sector.
One of the most significant features of the country in this regard is the distinction of being the most educated and computer literate nation in the entire Central American region. As an investor, you will come across the most disciplined set of work force in Costa Rica. Add to that the highly modernized production infrastructure that the country is increasingly developing. Economy in Costa Rica no more means the total dependence on coffee, banana and cattle raising. Production of microprocessors and high tech telecommunication service are fast overtaking the traditional economic set up of the land.
Commercial spearheads Acer, Microsoft, GE, Continental Airways, Intel Corporation, and Abbot Laboratories have made their presence felt, both financially and physically, in this investor friendly climate. They have came up with significant production as well as distribution facilities. The western union has selected Costa Rica as the center for Latin American regional operations, making it the ideal destination for foreign investments.
Another reason which encourages foreign investment in Costa Rica is the fact that the World Bank has certified the country for its excellent political and economic state. The country boasts of an uninterrupted, peaceful democracy during a time when the entire Central America is plagued with perennial political unrest. Costa Rica is the first nation in the world to constitutionally abolish its army. Ask any resident of the lane, and s/he will proudly declare that they are a race with more teachers than policemen in the country. Costa Rica has always been the most vocal in support of the policy of continental free trade. It has already came into its own agreements with Mexico and a few other countries of the neighboring area. As an investor in Costa Rica, its free trade zones and opportunities of tax holidaying will surely entice you. You can receive effective exemptions from the import duties of the raw materials, parts and components, or capital goods. Not only this. You, as the investor in Costa Rica, can actually enjoy tax exemptions on whatever profit you make for a long period of eight years. Add to that a fifty percent exemption for the following four years. As an investor, Costa Rica can be, and actually has proved to be, the greatest destination for you. From high tech industries to travel and tourism, to real estate plans, there cannot be a better place for your effective investment. Amongst the most popular costa rica investments is Costa Rica real estate investing. Many people start from there.
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