Costa Rica:
Privileged Location Connected To The World
The Best Location For Nearshore
Business Operations
With a popular nearshore location for companies from North America, and a strategic offshore location for Europe, Costa Rica strategically situated in Central America. It has been long known for its democratic, economic, political stability and investment in public education, being one of the few nations without an army, and a leader in environmental protection policies.
Costa Rica is a strategic destination for more than 400 leading enterprises that have chosen our country as a place to establish their operations. Thanks to the economic development of the country, Costa Rica has become the preferred destination in Latin America for investment companies seeking to install new operations or expand current ones.
Time Zone: Central Standard Time (GMT – 6)
The Free Trade
Zone Regime
We are experts in Free Trade Regime regulations
Cost E ective Investment Incentives
Coyol Free Zone operates under the Costa Rica’s Free Trade Zone Regime. Some of the benefits offered include incentives for medical device and smart manufacturing companies which can provide up to 8 years’ full exemption on income tax plus 4 additional years of partial exemptions for qualifying companies.
A streamlined approval and agile customs procedures enable efficient operations under the Free Zone system in Coyol Free Zone, resulting in more than US$4,440 million in 2023.
Does your company qualify for the Free Trade Zone Regime? Are you interested in doing business in Costa Rica? Read more about it here:
Incentives
Operation-booster incentives for direct foreign investment in Costa Rica
• No custom duties on imports/exports.
• Competitive tax on royalties and fees.
• Full exemptions on the imports of goods necessary for operation of the company.
• 100% income tax exemption for the first 8-year period.
• Tax exemptions on domestic purchases of goods and services.
