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Embassy of Costa Rica

COSTA RICA

The place, the people, the opportunities


Embassy of Costa Rica

Costa Rica is much more than a leader in ecotourism and sustainable development


Embassy of Costa Rica

Prosperous, competitive, dynamic and innovative, Costa Rica is also a country with an open economy that prioritizes foreign investment, commerce and state-ofthe-art technologies


Embassy of Costa Rica

Costa Rica at a glance One of the five countries of the Central American isthmus Capital: San JosÊ Time: 11:30 hours behind India Latitude: 10° North of the Equator (similar to latitude of northern Tamil Nadu)

Area: 50.100 Km2 (similar size to Punjab state)

Population: 4.563.539 Population Census 2010


Embassy of Costa Rica

Education: a national priority Primary education free and compulsory since 1861 Mean years of schooling: 8,3 Universidad de Costa Rica

Population Census 2010

30% of the National Budget is dedicated to education Literacy rate: 96,3% Human Development Index 2010


A healthy country Universal Health System since beginning of 1940 Child Birth Mortality: 9,38

Population Census of Costa Rica, 2010

Life Expectancy: 79 years (81 for women and 77 for men) World Health Organization 2010

Human Development Index: position 62 (High Human Development Category) UNDP 2011

Embassy of Costa Rica


Embassy of Costa Rica

Why Costa Rica Political stability – One of the oldest and most solid democracies of the world 17th in the world in Democracy according to the Quality of Life Index (QLI)

Highly qualified work force – Educational system ranked 23rd in the world, the highest in Latin America World Economic Forum’s Global Competitiveness Report 2010-2011

Legal certainty – Rule of law and institutional framework Supportive IP regime in accordance with WIPO


Embassy of Costa Rica

Why Costa Rica Strategic geographic location: Privileged position in the center of the Americas (Central America) Excellent business climate: San JosĂŠ ranks among the top ten cities in Latin America, foreigners have equal rights and obligations Quality infrastructure: First class telecommunications, abundant water supply, excellent electricity network coverage, international airports, seaports in the Caribbean and Pacific coast


Embassy of Costa Rica

Why Costa Rica Quality of life – 3rd in the world in environmental performance Yale University Environmental Performance Index

4th in quality of life in Latin America Safest country in Latin America World Bank


Embassy of Costa Rica

Attracting foreign investment Foreigners have the same rights as locals when conducting businesses in Costa Rica No performance requirements or minimum investment levels

CINDE, Costa Rica Investment Promotion Agency, www.cinde.org PROCOMER, Foreign Trade Corporation of Costa Rica, www.procomer.com COMEX, Ministry of Foreign Trade Costa Rica. www.comex.go.cr

No limitations on capital fund transfers associated with investments, regardless of currency


Embassy of Costa Rica

Attracting foreign investment No restrictions on re-investments or on repatriation of earnings, royalties or capital More specific incentives for foreign investors that promote the export of products and services from Costa Rica No limits to property handling No foreign exchange control


Embassy of Costa Rica

The Free Zone Regime 100 % exemption on import duties on raw materials, components and capital goods. 100 % exemption on taxes on profits 100 % exemption on capital taxes Tax free import of essential machinery, equipment and semi-elaborated products Expedite on-site custom clearance


Embassy of Costa Rica

Investment sectors Services Advanced Manufacturing Life Sciences Total FDI inflows have grown an average of 13.6% every year since 2000 In 2010, FDI represented 4.1 of the GDP and FDI per capita reached US$321


Embassy of Costa Rica

India–Costa Rica, a long way to go Bilateral trade remains small: in 2010 India imported only US$22.1 million in Costa Rican goods; Costa Rica imported US$107.4 million Main exports to Costa Rica: medicines, textiles, motorbikes, gasoline and notebooks Main exports to India: timber (teak), seeds and palm oil


Embassy of Costa Rica

Current areas of commercial interest for Costa Rica Medical devices Pharmaceutical products Agro-industrial products Chemical products Timber Gourmet & processed food TICs & animation services


Embassy of Costa Rica

A successful story “Costa Rica continues to be a strategic site for us and now our best products are manufactured here. I believe this speaks for itself�

Paul Otellini, President & CEO of Intel Corporation


Embassy of Costa Rica

All in a single day Imagine breakfast overlooking Caribbean jungles, a relaxing lunch on the slopes of an active volcano, and lounging on the beach watching a Pacific coast sunset‌ all in a single day.

Go to Costa Rica Do good business And enjoy!


Embassy of Costa Rica

Contact us Embassy of Costa Rica C-25 Anand Niketan (3rd Floor) New Delhi, 110021 Tel. 4108 0810 Fax 4108 0809 E-mail embajadacostarica.india@gmail.com https://www.facebook.com/ Embajada.CostaRica.India


Embassy of Costa Rica

Namaste Thanks Gracias

Presentation prepared by Juan F. Cordero* and Ana M. Espinoza, Ph.D.** *Ambassador of Costa Rica **Adviser in education, science and technology February 2012


Costa Rica