Costa Rica
Privileged Location Connected To The World
The Best Location For Nearshore Business Operations
Strategically located in Central America, Costa Rica offers a prime nearshore location for North American companies and an ideal offshore hub for Europe. The country is widely recognized for its democratic tradition, political and economic stability, and strong investment in public education. It is also one of the few nations without a standing army and a global leader in environmental protection.
Costa Rica is home to more than +1000 global companies that have established operations in the country. Its consistent economic development and skilled workforce have positioned Costa Rica as a preferred destination in Latin America for companies looking to establish or expand their operations.
Time Zone: Central Standard Time (GMT – 6)
The Free Trade Zone Regime
Cost Effective Investment Incentives
Coyol Free Zone operates under Costa Rica’s Free Trade Zone Regime, offering a competitive framework for companies in sectors such as medical devices, semiconductors and smart manufacturing. Key benefits may include up to 8 years of full income tax exemption, followed by 4 additional years of partial exemptions for qualifying companies.
A streamlined approval and agile customs procedures enable efficient operations under the Free Trade Zone system in Coyol Free Zone, resulting in more than US$4,4 billion in annual exports.
Does your company qualify for the Free Trade Zone Regime? Are you interested in doing business in Costa Rica? Read more about it
Incentives
Operation-boosting Incentives For Foreign Direct Investment In Costa Rica
• No custom duties on imports/exports.
• Competitive tax on royalties and fees.
• Full exemptions on the imports of goods required for business operations
• Up to 100% income tax exemption for the first 8-year period.
• Tax exemptions on domestic purchases of goods and services.
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