Requirements

Requirements

PDF  | Print |  E-mail
Business - Starting a Business


These are the requirements your business must fulfill to in order to receive the benefits and exemptions of a Free Trade Zone.


Investment:

Minimum investment required of $150,000.00 (one hundred and fifty thousand U.S. dollars) in new machinery, new buildings or new equipment for your company.*

Minimum investment required if you want to set up your company anywhere in Costa Rica and/or outside of a Free Trade Zone and yet get its benefits: $2,000,000.00 (two million U.S. dollars)

(*) You may associate with other businesses that want to acquire the benefits. The sum of each business investment must equal $150,000.00.

Back to Top

 

Industry:

Your company must do one of the following businesses:

1. Export or re-export products worldwide, including:

  • Manufacturing, processing, operating, producing, repairing, maintaining, or ensemble a product to be exported

  • Handling, wrapping, or redistributing a non-traditional Costa Rican product

Or

 2.   Act as "Solutions Partners" to Export or Re-export companies in Free Trade Zones in Costa Rica or worldwide:

  • Assessing the manufacturing process of products to be exported for customers based on Free Trade Zones in Costa Rica or outside of Costa Rica(1)

  • Managing prospective FTZ's developments(2)

  • Managing of operations of dockyards, shipyards, and floating or dry docks

  • Researching for inventions that enhance the FTZ, the Costa Rican Industry, the foreign trade of Costa Rica, and/or biotechnology and high tech worldwide industries.


(1) Banks, finance and insurance companies can set up their business facilities on a Free Trade Zone, but they will not be granted with the benefits. Banks doing business in a Free Trade Zones must abide by the national banking system in Costa Rica.

(2) Companies will lose their benefits if a company that was not granted the FTZ benefits rents or buys a facility inside that new Free Trade Zone.


Legal:

Companies doing business in an FTZ are required to be registered and incorporated under Costa Rican law either as a subsidiary of a foreign company or as a local Costa Rican company.

Export/re-export companies are required to submit an import/export report to their appropriate Free Trade Zone four months after the fiscal year. If they submit an incomplete report, they will have ten business days to furnish the complete information. If they fail to submit the report, they will be fined by the Ministry of Foreign Affairs, their FTZ benefits will be revoked, and they will not be able to export/import any products.

Back to Top