Benefits go beyond tax exemptions
Coyol Free Zone is the perfect success story of the Free Trade Zone Regime in Costa Rica. Our industrial park brings together world-class companies in a specialized cluster, thus allowing them to be more competitive and efficient.
Proof of this productive bonanza is reflected in prolific export figures each year, exceeding US$2 billion, and representing 52% of the value of medical device sales abroad, according to the Costa Rican Foreign Trade Promoter (PROCOMER).
Such results have positioned Costa Rica as the second most important exporter of Medical Devices in Latin America, only behind Mexico.
Multinational companies can take advantage of Coyol Free Zone’s cluster, while also benefitting from a Free Trade Zone regime adapted to the current global trade dynamics.
The Costa Rican Free Trade Zone regime offers:
- No custom duties on imports/exports, remittance tax exemptions,
- 8 to 12-year period of tax exemptions on the transfer of real estate and municipal licenses,
- competitive tax on royalties and fees,
- full exemptions on the imports of goods necessary for the operation of the company,
- 100% income tax exemption for the first 8-year period,
- and exemptions on domestic purchases of goods and services.
Operation-booster incentives for
Direct Foreign Investment in Costa Rica
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The benefits may vary according to the free zone location inside the country. Companies installed outside the Great Metropolitan Area get extended returns in specific cases.
Costa Rica itself is an attractive investment destination, with longstanding legal security, political stability, an ample talent pool, and a worldwide reputation as a country in harmony with the environment.
This location is also prized for its proximity to the U.S. and European markets, with access to the Atlantic and Pacific oceans.
In such a competitive country with many perks, Free Zones are driven to offer additional benefits that increase their value proposal, and make them stand out from the rest. Our industrial park is one of those cases.
What makes Coyol Free Zone special?
We offer the ideal conditions for Life Science companies to further increase their operation value in the region. We also promote other industries, such as smart manufacturing and logistics.
It is also relevant to mention that thanks to the presence of on-site sterilization services and logistics companies in our industrial park, we enable medical devices to be exported directly from Costa Rica to different destinations around the world.
This is translated into significant savings in production, time, transportation, and warehousing, but most importantly, into increasing the quality of life of millions of patients.
These operational benefits go hand in hand with complementary services aimed at sustainable development, such as human talent training, dual education programs, smart mobility, and eco-efficiency, among others.
People who work at the companies installed in the park not only enjoy quality employment, but are also developing a career that makes them competitive in the industry.
Our goal is to provide innovative solutions for clients who positively impact the economy, their employees, and surrounding communities.