Doing Business in Latin America and The Caribbean: Costa Rica

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In the last ten to fifteen years, Costa Rica has expanded its economy to include strong technology, services and tourism sectors. Its 2012 population was estimated at just over 4.6 million people.

The Costa Rican legal system is based on the Spanish civil law system with judicial review of legislative acts in the Supreme Court. Costa Rica is a democratic republic; the president is elected by popular vote for a four-year term. Legislative power is centered in the National Congress.

FOREIGN INVESTMENT -

Costa Rica has long been recognized as a regional leader of social and economic development in Latin America. The Costa Rican government welcomes foreign investment. This positive attitude is backed by all major political parties. Since 1982, Costa Rica has consistently improved investment conditions. The Costa Rican Coalition for Development Initiatives (CINDE), an association of private sector leaders, actively promotes investment through offices located in several countries.

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