fDi Markets Newswire:

Costa Rica’s political and economic stability, educated workforce, convenient location to the US market and attractive incentives have led to steady FDI flows in areas such as high-tech electronics manufacturing, medical devices, services, pharmaceuticals and tourism. According to the World Investment Report 2004, Costa Rica received the third-highest inflow of FDI in Latin America, on a per-capita basis, of $577m. Expectations are that inflows will grow to $585m in 2004. The country has enjoyed more than 100 years of democracy, and more than 20 of uninterrupted economic growth and financial stability, making it one of the world’s most stable countries. This stability, a legal framework that grants foreign corporations the same rights afforded to local companies, and a welcoming attitude towards foreigners result in a sound business environment in which foreign investors thrive.

Costa Rica’s abundance of properly trained technicians and professionals, high productivity and low turnover, and a remarkable work ethic guarantee the success of sophisticated manufacturing or services operations. Since the country runs on Central Standard Time and is located less than three hours from many US cities, logistics are simple for its business operations. The government offers a competitive package of fiscal incentives, employee training benefits and expedited customs procedures. There are no restrictions on the foreign ownership of assets, profit or capital repatriation.

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