Free Zones

Incentives for free zones in Alajuela
The Asamblea Legislativa modified the law to align the incentives received by the free zones that are installed in Grecia, Valverde Vega, Naranjo, Palmares and San Ramón, with those outside the Greater Metropolitan Area.

The legislator pointed out that Costa Rica is a highly centralized country in the GAM. This is why the proposed reform respects and coincides with the spirit of promoting development in peripheral areas.

The new law extends the exemption from taxes of companies located in the free zones of the West. The 100% exemption will go from 8 to 12 years. The subsequent exemption period of 50% is extended from 4 to 6 years.

Regional Fruit Market under construction

This is an investment of $ 53 million for a wholesale fruit market located in Sardinal de Carrillo (Guanacaste).
Work started six weeks ago starting in three work fronts: upper warehouse for refrigeration facilities, lower warehouse, administrative building and annex buildings.
This market will allow Guanacaste to have supplies, distribution and commercialization of fruits, vegetables, meat, fish and seafood.

Business registration

With the implementation of the commercial license process, the time to formalize a company in the cantons of Abangares, Cañas, Tilarán, Bagaces, Liberia and La Cruz was reduced from 40 to 7 days.
A statement the Ministry of Economy explained that in addition to the reduction in the time that takes the process to formalize a company, the time to manage the process to obtain construction permits was  also improved.