The World Bank has given Costa Rica an excellent bill of overall political and economic health. At its annual conference in El Salvador this year, the bank lauded the country as possessing “one of the most stable and robust” democracies in Latin America. It went on to praise the Costa Rica’s “healthy economic growth rate” and “some of the best social indicators” on the continent.

Costa Rica is one of the most vocal supporters of continental free trade, and already has its own agreement with Mexico and other countries of the region. Costa Rica’s numerous free trade zones and tax holiday opportunities are extremely enticing. They offer benefits such as exemption from import duties on raw materials, capital goods, parts and components; unrestricted profit repatriation; tax exemption on profits for eight years and a 50 percent exemption for the following four years.

A study done recently for the Ministry of Foreign Trade (COMEX) projects that by the year 2005, Costa Rica’s export earnings will amount to $15.7-billion, about four times the current figure. Intel will be leading the way; its exports, from the three manufacturing facilities the processing giant is building here, are expected to reach an annual $3.5-billion by the year 2001.

High-tech companies will spur the export boom, while traditional exports, such as coffee and bananas, will fall in percentages of overall figures, but in terms of revenue, will continue to grow.

Costa Rica is building a competitive advantage for itself and the many high-tech companies who have chosen or are pondering the option to operate here. It is a country at a turning point in integrating itself into the modern world economy. Those doing business here will have the inside track.

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There are many reasons to consider living, working, doing business and vacationing in Costa Rica.  The global economy has shifted our ability to make bold business moves especially in an Economic Climate that is stormy to say the least.

A strong stable government and still thriving economy, one of the lowest unemployment rates in the world and a society welcoming foreign investment and free trade if you are considering Offshore Outsourcing Costa Rica needs to be high on your list of possible destinations.  

For more Offshore Outsourcing Information contact us!  Get a FREE Quote Today!

Omar Pinto
omar@offshoresavingsolutions.com
Offshore Saving Solutions
310-928-3765