The following global trade, news and banking organizations have published why they believe that Costa Rica is a stable country for investments.
1 – International Trade Administration of USA – The United States is Costa Rica’s main trading partner, accounting for about 40% of Costa Rica’s total imports. Foreign direct investment in Costa Rica climbed steadily from the year 2000 ($408 million) to 2008 (over $2 billion), falling back over the last three years to 2006 levels of roughly $1.5 billion. About 58% percent comes from the United States.
2 – The Globe and Mail of Canada – As one of the most economically and politically stable countries in Latin America; Costa Rica is viewed as a safe bet. Its exports remain strong, tourism numbers are at record levels while the country has one of the highest levels of foreign direct investment per capita in Latin America. Historically, Costa Rica has been a profitable real estate investment with 15-20 per cent returns recorded year-on-year from 2000 to 2008.
3 – Grupo Santander of Spain – In recent years, Costa Rica has consistently attracted FDI inflows in the high-technology manufacturing and infrastructure sectors, despite the departure of the American manufacturer Intel. This is thanks to, among other reasons, the establishment of Free Zones, as well as the U.S.-Central American Free Trade Agreement. Colombian and Chinese investments have been growing steadily. The factors that attract FDI are tax incentives, the country’s exemplary political and economic stability and a skilled labor force.
4 – Sun Sentinel of Florida – Tech services provider Auxis plans to invest at least $30 million over the next five years in the Central American nation. The investment easily can triple its Costa Rica workforce that now exceeds 200 people. The investment highlights Costa Rica’s emergence as a hub for outsourcing of such back office services as accounting or information technology help desks for major companies active in the U.S. and beyond.
5 – The Financial Times of England – Costa Rica has emerged as an attractive and safe destination for foreign investment. With a stable political and regulatory environment, business friendly policies and sound macroeconomic fundamentals, including a growth in GDP of 81% since 2000 and a reduction in poverty levels of 46% in the last 25 years. Costa Rica is determined to keep its place as one of Latin America’s investment hot spots.
Given the notoriety of these respectable international organizations, you can be sure that the investment climate in Costa Rica is as stable as it gets.
The writer, Tom Rosenberger has lived and worked in Costa Rica since 1993 and from his travels throughout the country inspecting property and construction he has acquired a wealth of knowledge about living and doing business in Costa Rica.
If you have questions and would like to contact Tom click here.