Doing Business in Costa Rica

For more information please visit CINDE's website

Costa Rican Investment Promotion Agency or CINDE is a good source of information if you are interested in investing and doing business in Costa Rica. It is a private, non profit and apolitical organization. During its 30 years, CINDE has attracted more than 250 companies to Costa Rica, including worldwide leaders such as: Intel, Procter and Gamble, Hospira, Baxter, St. Jude Medical, Western Union and many others.

Costa Rica's value proposition focuses on these major key areas:

Proven track record: More that 200 multinational companies are operating in Costa Rica. Around 30 new companies come every year. Out of the total annual inflows of Foreign direct investment (FDI) in Costa Rica, 50% is reinvestment form established multinational companies. In the Free Trade Zone Regime, 2/3 of the annuals inflows of FDI comes form reinvestment.
Qualified Workforce: Costa Rica has an exceptionally talented and bilingual young workforce. Approximately 95% of the employees in multinational companies are local.
Strategic Location: Preferential access platform to 1/3 of the world's population, and 2/3 of the worldwide GDP. 90% of goods are exported through Free Trade Agreements. Companies benefit from Investment Promotion and Protection Agreements with 15 countries.
Excellent Business Climate: The country enjoys an excellent business climate based on a renewed democratic tradition, economic and political stability.
Solid infrastructure: 95% of energy is renewable, and this country has limitless telecommunications access!
Quality of life in Costa Rica is high: One of the safest countries in Latin America, and one of the top 3 environmental performers on the world.

Check out this video, from CINDE's (Costa Rican Investment Promotion Agency) YouTube Channel.

You can also visit CINDE's document download center where information regarding specific topics is given. For example: "steps to set up a business".

CINDE's Download Center

Economy

Costa Rica has a credit rating of BB according to Standard & Poor with a stable rating outlook.

Costa Rica's Banking System

In Costa Rica there are 4 public banks, these state-owned banks are autonomous corporations and administratevely independent, but they are subject to govermental regulations. They are:

You can have a look to the latest daily interest rate for industrial projects in our public banks:

There are several more private banks in Costa Rica. Private Bank's daily interest rate for industrial projects:

And there are also other financial institutions (such as mutual financial institutions, savings and loans cooperatives and financial groups). Here is their latest daily interest rate for industrial projects: