Business and Investments in Costa Rica
For years past, and continuing to make a name for itself in smart investment circles, is Costa Rica.
Costa Ricans have focused on making their country's financial and tax laws as inviting to foreign investors as possible. It seems this small country was thinking along the lines of attracting investors when they were making their policies.
Chasing high tech firms to open up shop, Costa Rica is taking advantage of the large quantities of educated, english speaking citizens. Additionally, finding staff in Costa Rica with good computer skills is easy enough to appeal to large US firms like Intel.
Costa Rica also receives high marks by the World Bank, who state on their website, "Costa Rica is one of the most stable and robust democracies in Latin America, with a long-standing commitment to economic growth and social development. The country’s social indicators rival those prevailing in developed countries, and are far higher than those of countries with similar per capita GDP."
Important to Costa Rica is the Central America Free Trade Agreement. (CAFTA).
The World Bank has been helping Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua, at their request, in the design of strategies to ensure that this accord can effectively promote inclusive development.
The Bank's strategy includes a total of $1.14 billion in already-approved loans to bolster investments and reforms in support of DR-CAFTA’s complementary agenda. Loans include financing for infrastructure development (roads, ports and electricity), improvements in the investment climate s (customs modernization, reductions in costs of doing business), investments in rural development and in strengthening governance and institutions.
Considering the fact that Costa Rica is already an attractive place to do business and invest, the help of the CAFTA is going to push Costa Rica to the next level. Those investors who get involved earlier rather than later will surely prosper.
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