Doing Business with Costa Rica

A comprehensive guide to doing business, exporting, investing, and manufacturing in Costa Rica.

Foreign Direct Investment with the International Trade Council / Company Incorporation / Company Formation

CINDE

CINDE Costa Rica logo

Tel: +506 2201 2800
Email: [email protected]
Web: www.cinde.org

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Dirección General de Aduanas - Costa Rica

Costa Rica Customs logo

Tel: +506 2539 4800
Email: [email protected]
Web: www.hacienda.go.cr

National Chamber of Commerce

Cámara de Comercio de Costa Rica

Costa Rican Chamber of Commerce logo

Tel: +506 4052 4400
Email: [email protected]
Web: www.camara-comercio.com

Ministry of Economy Information

Ministry of Economy, Industry and Commerce of Costa Rica (MEIC)

MEIC Costa Rica logo

Phone: +506 2549 1400
Email:
[email protected]
Web: www.meic.go.cr

  • Type of Government: Presidential republic
  • Population: Approximately 5.2 million
  • GDP: Around $95 billion USD
  • Corporate Tax Rate: 30%
  • Personal Income Tax Rate: Progressive, up to 25%
  • Major Exports: Medical devices, bananas, pineapples, coffee
  • Major Imports: Machinery, petroleum products, electronics

Exporting to Costa Rica involves several steps to ensure compliance with regulations. Here’s a detailed guide:

  1. Conduct Market Research

    • Analyze demand for your product in Costa Rica.
    • Understand the competitive landscape and regulatory requirements.
  2. Verify Product Compliance

    • Ensure your product meets Costa Rican standards and regulations.
    • Check if specific certifications or permits are required.
  3. Prepare Documentation

    • Include commercial invoices, packing lists, and certificates of origin.
    • Ensure compliance with Costa Rican customs requirements.

Key Contacts

Importing goods into Costa Rica requires adhering to local customs laws and tax regulations.

  1. Register Your Business

    • Ensure your business is registered with the Costa Rican authorities and obtain a tax ID.
  2. Classify Your Goods

    • Use the Harmonized System (HS) codes to classify your goods accurately for duty assessment.
  3. Customs Clearance

    • Work with a customs broker to facilitate the clearance process. Pay any duties and taxes required.

Key Contacts

Incorporating a company in Costa Rica involves several key steps:

  1. Choose a Business Structure

    • Decide on the type of company: Limited Liability Company (LLC) or Corporation (S.A.).
  2. Register with the National Registry

    • Submit incorporation documents to the National Registry to obtain a corporate identification number (Cédula Jurídica).
  3. Social Security Registration

    • Register with the Costa Rican Social Security Fund (CCSS) for employee benefits.

Key Contacts

Setting up a manufacturing plant in Costa Rica provides access to key Free Trade Zone incentives.

  1. Choose a Suitable Location

    • Identify industrial zones with necessary infrastructure and proximity to ports like Limón or Caldera.
  2. Secure Financing and Incentives

    • Explore funding options and government incentives for sustainable manufacturing.

Registering a trademark in Costa Rica ensures legal protection for your brand.

  1. Trademark Search

    • Check availability through the Costa Rican Intellectual Property Registry.
  2. Registration and Certification

    • If no oppositions arise, the trademark is registered for a period of **10 years**.

Disputes can be settled through Negotiation, Mediation, or the Judicial system:

  1. Alternative Dispute Resolution (ADR)

    • Mediation and Arbitration are often quicker and more formal than court proceedings.
  2. Litigation

    • File a lawsuit in the relevant Costa Rican court if ADR methods fail.

1. Language and Culture

  • Spanish is the official language, but English is widely used in business. Personal trust and networking are vital.

2. Economic Factors

  • The currency is the **Costa Rican Colón (CRC)**. The country is a major hub for medical device manufacturing and eco-tourism.

Our Members Include Leading Organizations in Costa Rica

Ask our Experts on Doing Business in/with Costa Rica

If you’re looking to do business or invest in Costa Rica, we can provide expert guidance, market insights, and valuable connections to help you navigate the local landscape. Contact us today to discover how we can assist in making your venture a success.