Why Should Investors Setup Business in Costa Rica?
Did you know that Costa Rica literally translates to Rich Coast? It is no wonder investors are keen to setup a business in Costa Rica. It is a country that has quickly become a prime location for business setup because of how close it lies to the US. That, along with the many free trade agreements the country has established, has made it a key target for investors who are thinking about setting up business roots in the country.
Among some of the other benefits that investors can expect when setting up a business in Costa Rica include the following:
The High Literacy Rate
Costa Ricans are known for putting education as their main focus, and this priority has led to the country’s current high literacy rate of an impressive 97%. Many of the younger Costa Rican population speak English, which makes it easy to conduct business dealings for international investors.
The Low Rate of Inflation
One of the good things about Costa Rica is how the country has managed to maintain its low inflation rate of 0.8%. This, coupled with the stable economy that the country enjoys has become a major selling point for investors to come and setup a business in Costa Rica.
The Increasing Entrepreneurial Opportunities
Opportunities are quickly sprouting up in Costa Rica to help encourage more entrepreneurial minded people to get into the business game. Carao Ventures is an example of one company in Costa Rica which has made a point of investing in innovate new start-up companies, providing the resources that entrepreneurs so desperately need to help them build their business and get it off the ground to start running successfully.
The Major Tech Surge the Country is Experiencing
Costa Rica is attracting international corporations and start-up entrepreneurs from all over the world because of the tech surge that the country is going through. Microsoft and Amazon are just some of the major big tech companies that have setup a base of operations in Costa Rica and from here, it is only a matter of time before many more tech companies start to follow in their footsteps and flock towards this side of the world.
The Privacy Factor
Investors who are keen for a little privacy when it comes to their business will be happy to setup a business in Costa Rica because of the privacy and the anonymity that is offered. For one thing, shareholders will be pleased to note that they will not be listed on the country’s public records. In addition, there are also no accounting requirements, or reporting requirements for that matter which are imposed on entrepreneurs by the government.
Relatively Easy to Start a Business
In Costa Rica, an entrepreneur can expect to setup a business in approximately anywhere from 20 business days to 40 business days. This is relatively quick compared to a lot of other jurisdictions, and if everything is in order, an investor can expect to start running a business in Costa Rica in under a month.