Business Conditions
During the last number of years, the Life Sciences industry has become a strategic sector for Costa Rica and it continues experiencing important dynamism. Today, Medical Devices have become the most important manufacturing exports sector of Costa Rica, and Coyol Free Zone represents 52.2% of them, with more than US$2,088 million in 2021.
7 of the Top 30
Global Medical Device Companies
52.2%
of Medical Device Exports
2.67%
Of the country´s GDP in Exports
+18.400
Employees in 2022
30%
of all the exports from Free Zones Regime in Costa Rica
$2.088
million in exports of medical devices in 2021
+$400
million in investment
OUR AWARDS, RECOGNITIONS AND ACCOMPLISHMENTS SPEAK FOR US
Constantly awarded by important international institutions, Coyol Free Zone is recognized as the Best Free Zone of the Americas and among the Top 10 Free Zones globally.
In 2021, Coyol Free Zone was crowned as the overall winner in Investment Monitor’s inaugural Economic Zone Sustainable Recovery Strategies awards, also topping the Covid Relief Packages and Sustainability and ESG categories. As well as the Latin America Free Zone of the Year, The Most Innovative Free Zone of The Year, and Business Hub for Life Science and Advanced Manufacturing in the Latin American region, by The European.










2021
fDi Magazine
- Top 10 Free Zones Globally
- Regional Award – Winner Americas
- Global Winner – Excellence for ESG practices
- SME results – Highly Commended, Americas
- Sustainability Reporting – Honorable Mention
Investment Monitor
- OVERALL WINNER
- Covid-19 Relief – WINNER
- Sustainability ESG – WINNER
- Aftercare Support – Honorable Mention
- Local Impact – Honorable Mention
- Digitization – Runner Up
The European
- Best Free Zone in Latin America and the Caribbean
- Most Innovative Free Trade Zone of the Year
- Best Business Center for Life Sciences and Advanced Manufacturing in the Region
2020
Site Selection
- Top 10 Free Zones Globally
fDI Magazine
- Top 10 Free Zones Globally
- Best Free Zone for Medical Devices
- Best Free Zone for Recruitment Assistance
- Best Free Zone in Academic Collaborations
- Best Free Zone in Sustainability
- Best Free Zone for Large Customers
The European
- Best Free Trade Zone in Latin America and the Caribbean
- Most Innovative Free Trade Zone of the Year
- Best for Life Sciences and Advanced Manufacturing Business Center in Latin America region
2019
Site Selection
- Top Free Zone in Latin America and the Caribbean
fDI Magazine
- Best Free Zone for Medical Devices
- Best Free Zone for Expansions
- Best Free Zone for Recruitment Assistance
2018
Site Selection
- Top Free Zone in Latin America and the Caribbean
fDI Magazine
- Award for Specialization in Medical Devices
- Best Free Zone for Recruitment Assistance
- Best Free Zone in Academic Collaborations
- Best Free Zone for Expansions
2017
Site Selection
- Top Free Zone in Latin America and the Caribbean
2016
fDI Magazine
- Award for Specialty in Pharmaceutical Companies and Life Sciences
Philosophy
Global companies thrive in CFZ Click here for more information
Mission
Provide innovative solutions for clients who positively impact our partners, collaborators and community.
Vision
Become leaders in sustainable real estate development in the region, while increasing efficiency standards and integrating suppliers to provide the best quality of products.
Our Values
- Innovation
- Compromise
- Excellence
- Integrity
- Responsability
- Sustainability
- Efficiency
- Adaptability