Costa Rica is a thriving destination for foreign direct investment. A transnational company should establish operations in Costa Rica for several strategic reasons, such as:
Costa Rica boasts a highly educated and bilingual population, especially in technical fields such as engineering, IT, and life sciences. The government has invested heavily in education and training programs aligned with global business needs. For instance, Costa Rica invests over 7% of its GDP in education, resulting in a literacy rate of 96%.
Costa Rica is one of the most stable democracies in Latin America, with a strong legal system and a long tradition of peace (Costa Rica has no army since 1948). This stability reduces business risk. The country has a long history of democratic stability, with a multiparty political system and regular rotations of power through credible elections.
Located between North and South America, Costa Rica offers easy access to major markets, particularly the United States, with which it shares a free trade agreement (CAFTA-DR).
Costa Rica has several key seaports that support both commercial and passenger (cruise) operations. These are located on its Pacific and Caribbean coasts:
Costa Rica has two major international airports and several smaller ones:
These serve mostly regional or charter flights:
Costa Rica offers tax incentives through its Free Trade Zone (FTZ) program, attracting companies in sectors like medical devices, electronics, and shared services. This includes tax exemptions for a set period, duty-free imports, and simplified export procedures.
Costa Rica is a global hub for medical devices and advanced manufacturing. Over 90 multinational life sciences companies operate there, including 13 of the world’s top 20 original equipment manufacturers (OEMs), according to CINDE.
Costa Rica is internationally recognized for its environmental leadership, running mostly on renewable energy and promoting sustainable business practices. The country has generated over 98% of its electricity from renewable sources since 2014.
Companies like Intel, HP, Amazon, and Microsoft have chosen Costa Rica for shared services, R&D, and manufacturing. Their success stories show the country’s capacity to support complex and large-scale operations.