Costa Rica- A Great Place to Work and Live
Costa Rica is a veritable paradise. Its friendly people, great weather and beautiful natural scenery make it a great place to visit and live. But what many people don’t realize is that Costa Rica has a great atmosphere for conducting business, and is the perfect place for investments. There are countless reasons why this is the case, but we have narrowed it down to the top ten.
Costa Rica is tied with Chile as the country with the highest level of economic freedom in Latin America, and it ranks 19th for economic freedom in the world. The country’s economy has been stable for decades, and is currently growing thanks to a booming tourism industry, an increase in foreign investment and a growing middle class. Data released by the Statistical Institute showed that the economy expanded 3.0% in Q3 2015 over the same period of the previous year, marking an acceleration from the 2.7% tallied in Q2. The reading came on the back of robust growth in domestic demand, in particular fixed investment. The momentum is expected to continue as manufacturing showed signs of recovery in H2 2015 and the monthly index of economic activity tallied its best result since June 2014 in November.
Costa Rica has featured a well-functioning, democratic government since the 1940s. The country is committed to peace, and doesn’t even have an army. It ranks as one of the most stable countries in Latin America, and in fact, the world.
Costa Rica’s business-friendly climate makes it ideal for entrepreneurs, and its affordable, upward-bound housing market and prime location make it perfect for real estate and tourism investment.
Large Expatriate Community
A large community of expatriates means that you will have many opportunities to network with people just like yourself — who speak your language, know the ropes, and can help you navigate the ins and outs of doing business in a foreign country.
Ideal Place to Live and Work
Costa Rica is a fantastic place to put down a few personal and professional roots. The climate is great, the people are friendly and hard-working, and the atmosphere is laid-back. The cost of living is low, in spite of the fact that Costa Rica enjoys one of the highest standards of living in Latin America, and the health care is excellent. There is also plenty to do and see during your down time.
Attractive Tax Incentives
Costa Rican investors enjoy taxes that are considerably lower than those in the United States and Canada. The country has no capital gains tax, the property tax rate is only .25 percent, and income tax is only applicable to income earned in Costa Rica.
Legal Rights and Protection
What’s more, foreign investors enjoy the same rights to own and rent out titled fee-simple properties as citizens, and those rights are legally protected.