Why Choose to

Invest in Costa Rica?

Costa Rica is one of the most important places to outsource IT projects for US companies, here we present some facts to explain why so many outsourcing success stories in Costa Rica.

Strategic Location

Costa Rica is a country with a strategic location as a myriad of other countries are near. For example, a flight from Costa Rica to Houston, Texas, would be approximately 3 hours away. It is easy to cost-effectively meet your nearshore team in person as needed. Costa Rica is in the Central Time Zone.

Bilingual Workforce

English is the second language in Costa Rica. Highly educated and skilled labor force. Costa Rica enjoys over a 95% literacy rate. Multiple technical schools and universities prepare professionals with the highest international standards and produce a stable, sound, and solid workforce.

Work Environment

As the country is politically and economically stable, your teams work in an environment similar to that in the United States enjoying the full benefits of freedom of expression. This creates an innovative and creative workforce.

Reliable Energy Mostly From Renewable Sources

93% of Costa Rica's energy is renewable; electricity costs are low and guaranteed. In addition, there is redundant telecommunications access. Costa Rica is one of the top 5 environmental performers in the world.

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Facts about
Costa Rica

Costa Rica is an ideal location for nearshore outsourcing given the resources, proximity, and stability in the country. Key differentiators of Costa Rica over traditional offshore services:

Language and Cultural compatibility.

Availability and stability of physical infrastructure.

Political stability.

Proximity to US allows for cost and time effective travel- Central Time Zone.

Currently, more than 200 multinational companies are operating in Costa Rica.

Exceptionally talented and bilingual young workforce. On average 95% of the employees in multinational companies are local.

Preferential access platform to 1/3 of the world’s population, and 2/3 of worldwide GDP. 90% of goods exports through free trade agreements.

Excellent business climate based on a renowned democratic tradition, economic and political stability.

93% of energy is renewable; electricity costs are low and guaranteed. Redundant telecommunications access.

Quality of life in Costa Rica is high. Safest country in Latin America; and one of the top 5 environmental performers.

The country´s time zone coincides with the U.S. Central Standard Time Zone (GMT -6).

It is geographically well situated in the middle of the Americas and can be reached easily from most U.S. cities.

Incentives For Foreign Investment

There are no performance requirements or minimum investment levels for foreign investors. Investment incentives are available for activities that are directly related to the exportation of services and/or products from Costa Rica. These incentives are the free zone system and the temporary admission system, each one regulated by its own particular legislation.

The free zone system (export processing zones) was created by law in 1981 and was managed by government entities until 1986. Ever since it was determined that the State should divest itself from the ownership and management of the industrial parks. Private developers were encouraged to establish parks throughout the country. Currently, there are eight “free zones” or industrial parks in operation.

This system grants beneficiary companies with the widest range of benefits currently available in Costa Rica. Among the fiscal benefits granted under the provisions of the free zone legislation are:

exemption from import duties on raw materials, parts, and components;
exemption from taxes on profits for determined periods of time;
exemption from taxes on remittances abroad;
exemption from export taxes;
exemption from sales tax on local purchases of goods and services.

Operational incentives such as on-site and expedited customs clearance and in some cases subsidized training are also available.

Why Choose to Invest in Costa Rica? Costa Rica is one of the most important places to outsource IT projects for US companies, here we present some facts to explain why so many outsourcing success stories in Costa Rica.