Information about Costa Rica

Costa Rica is known is a pro-American democratic country located in Central America. Besides incredible beauty, friendly locals, a great location, and endless activities, it also has the most stable government and the best infrastructure of any Latin American or Caribbean country. Costa Rica is situated in Central America, flanked by the Pacific Ocean and Caribbean Sea, with a distance of approximately 248 kilometers (155 miles) between coasts. With a total area of 51,200 square kilometers (20,480 square miles), Costa Rica is no larger than the state of West Virginia, yet it contains 6% of the world’s biodiversity.

In 1949, Costa Rica abolished their army and allocated the defense budget to education and healthcare. Education has been a priority for the country of 4 million, and because of it, they boast the highest literacy rate in the western hemisphere at a whopping 94%. The healthcare system is very modern, especially in San Jose, and the cost of living is extremely low compared to the United States and Europe.

Costa Rica has a very low crime rate. Most of the crime is typically petty theft; the violent crime rate is one of the lowest in the Western Hemisphere. Costa Rica is a very safe place and the locals are warm and friendly. In addition, with the escalation of worldwide terrorism in the United States, Europe and Asia, Costa Rica has been recognized as a paradise removed from any threat.

Costa Rica’s industry mainly processes agricultural products. The production of other consumer goods is still just taking off. However, there are many business incentives to bridge these gaps. Many real estate investors fall in love with tourist projects, especially those related to ecotourism. Many hotels are being built, bought and managed by foreigners. Tourism has developed into a very important source of foreign currency. The national economy is made up of services (58%), industry (26%), and agriculture (16%).

Costa Rica has managed to create one of the most attractive investment environments in Latin America for the development of industries. Costa Rica’s unique characteristics-its strategic location, political stability, business incentives (including free trade zones), supply of high quality human capital-and its proactive promotion of these assets-have all contributed to an increase of investments by high-tech companies in the fields of power technologies, systems integration technologies and call centers.

• Intel
• HP
• Scotia Bank
• Marriott Hotels
• Microsoft
• Abbott Laboratories
• PricewaterhouseCoopers
• Baxter Healthcare
• Siemens
• Proctor & Gamble
• Dole
• Texaco
• Wal-Mart Stores