Costa Rica

Bordering Nicaragua to the north and Panama to the south, Costa Rica is remarkable in Central America for its strong institutions, stable economy and proud tradition of democratic government, no army and a growing clean energies politics.  

With a population of around 5 million, Costa Rica boasts one of the best educated workforces in Central America. Though Spanish is the official language but new generations of Costa Ricans speak English and many other languages.  

The country enjoys one of the highest standards of living in the region, and has a tradition of openness toward foreign investment. Costa Rica operates a number of Free Trade Zones (FTZs), in which foreign companies benefit from a number of tax incentives and qualified workforce.  

The country’s GDP has tripled since the 1960s. The economy, formerly dominated by agriculture, has diversified in recent decades. In the late 80s, electronics and medical equipment overtook coffee and bananas as the country’s main exports. In the 90s through the 2000s Costa Rica exports much more outsourcing services such as call centers, technical support, IT, accounting, insurance, software and app development. In addition, tourists – drawn to the country’s superb beaches and rainforests ‐ make an important contribution to the national economy, so Costa Rica offer medical tourism, sports tourism, nature researching tourism and volunteering tourism. 

HLB has member firms in Heredia, San Carlos and San Jose – ready to advise anyone looking to invest in Costa Rica’s dynamic and outward‐looking economy. HLB offers expert advice on matters including agriculture, NGOs, trade, hospitality and tourism, manufacturing, franchising, business restructuring, transfer pricing, auditing and legal, taxation, government entities advisory and consulting. 

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